155,572 Shares in Ballard Power Systems, Inc. (NASDAQ:BLDP) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise has acquired 155,572 shares of Ballard Power Systems, valued at approximately $171,000, representing about 0.05% ownership in the company.
• Analysts have mixed views on Ballard Power Systems, with a majority rating it as a sell or hold, while the average price target is set at $2.14.
• Despite a recent earnings report that beat estimates, Ballard Power Systems continues to experience negative financials, including a net margin of -430.17%.

Banque Cantonale Vaudoise purchased a new stake in Ballard Power Systems, Inc. (NASDAQ:BLDP - Free Report) TSE: BLD in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 155,572 shares of the technology company's stock, valued at approximately $171,000. Banque Cantonale Vaudoise owned 0.05% of Ballard Power Systems at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BLDP. Alps Advisors Inc. increased its stake in shares of Ballard Power Systems by 2.1% in the first quarter. Alps Advisors Inc. now owns 396,822 shares of the technology company's stock valued at $437,000 after buying an additional 8,265 shares during the period. National Bank of Canada FI increased its position in shares of Ballard Power Systems by 14.7% during the fourth quarter. National Bank of Canada FI now owns 72,342 shares of the technology company's stock valued at $120,000 after acquiring an additional 9,287 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Ballard Power Systems by 8.5% during the first quarter. Mackenzie Financial Corp now owns 122,914 shares of the technology company's stock valued at $136,000 after acquiring an additional 9,626 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Ballard Power Systems by 44.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 49,511 shares of the technology company's stock valued at $82,000 after acquiring an additional 15,160 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Ballard Power Systems during the fourth quarter valued at approximately $27,000. Institutional investors own 28.02% of the company's stock.

Ballard Power Systems Stock Performance

NASDAQ BLDP traded up $0.03 on Thursday, reaching $1.86. 2,975,038 shares of the company's stock traded hands, compared to its average volume of 8,968,386. The firm has a market cap of $556.26 million, a price-to-earnings ratio of -1.81 and a beta of 1.76. The stock has a 50 day moving average price of $1.70 and a 200-day moving average price of $1.43. Ballard Power Systems, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.13 and a current ratio of 9.00.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.05. The business had revenue of $14.76 million during the quarter, compared to the consensus estimate of $16.82 million. Ballard Power Systems had a negative net margin of 430.17% and a negative return on equity of 20.41%. Equities research analysts predict that Ballard Power Systems, Inc. will post -0.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BLDP shares. UBS Group dropped their price objective on Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating for the company in a research note on Monday, May 12th. Wall Street Zen upgraded Ballard Power Systems to a "sell" rating in a report on Thursday, May 8th. National Bank Financial upgraded Ballard Power Systems to a "hold" rating in a report on Sunday, June 8th. Citigroup restated a "sell" rating and set a $1.00 price target (down previously from $1.50) on shares of Ballard Power Systems in a report on Thursday, April 17th. Finally, Susquehanna boosted their price target on Ballard Power Systems from $1.30 to $2.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $2.14.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.