Graham Capital Management L.P. Grows Stock Holdings in Ballard Power Systems, Inc. $BLDP

Key Points

• Graham Capital Management L.P. significantly increased its stake in Ballard Power Systems by 127.1%, owning approximately 739,973 shares valued at $814,000.
• Ballard Power Systems reported earnings of ($0.08) per share, exceeding analysts' expectations, with quarterly revenue of $17.98 million.
• Analysts have mixed ratings for Ballard Power Systems, with a consensus rating of "Reduce" and an average target price of $1.51.

Graham Capital Management L.P. raised its stake in shares of Ballard Power Systems, Inc. (NASDAQ:BLDP - Free Report) TSE: BLD by 127.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 739,973 shares of the technology company's stock after purchasing an additional 414,068 shares during the period. Graham Capital Management L.P. owned 0.25% of Ballard Power Systems worth $814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BLDP. State of Wyoming boosted its holdings in shares of Ballard Power Systems by 49.4% in the 1st quarter. State of Wyoming now owns 242,835 shares of the technology company's stock worth $267,000 after purchasing an additional 80,262 shares during the period. Hsbc Holdings PLC lifted its position in Ballard Power Systems by 181.5% in the first quarter. Hsbc Holdings PLC now owns 133,668 shares of the technology company's stock worth $151,000 after buying an additional 86,182 shares during the last quarter. Nuveen LLC purchased a new position in Ballard Power Systems during the first quarter worth $296,000. Virtu Financial LLC bought a new position in Ballard Power Systems during the first quarter valued at $69,000. Finally, Invesco Ltd. raised its stake in shares of Ballard Power Systems by 3.6% in the first quarter. Invesco Ltd. now owns 3,729,188 shares of the technology company's stock valued at $4,102,000 after acquiring an additional 130,772 shares during the period. 28.02% of the stock is owned by institutional investors.

Ballard Power Systems Trading Up 7.6%

BLDP traded up $0.14 during trading on Friday, hitting $1.99. 5,288,463 shares of the stock were exchanged, compared to its average volume of 3,525,249. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.32 and a current ratio of 9.31. The firm has a 50 day simple moving average of $1.89 and a 200 day simple moving average of $1.51. The firm has a market cap of $598.15 million, a price-to-earnings ratio of -2.01 and a beta of 1.73. Ballard Power Systems, Inc. has a 1 year low of $1.00 and a 1 year high of $2.28.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last posted its quarterly earnings results on Monday, August 11th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.02. The business had revenue of $17.98 million for the quarter, compared to the consensus estimate of $17.94 million. Ballard Power Systems had a negative return on equity of 21.52% and a negative net margin of 409.35%. As a group, equities analysts expect that Ballard Power Systems, Inc. will post -0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BLDP shares. Wells Fargo & Company lifted their price target on shares of Ballard Power Systems from $1.00 to $1.50 and gave the stock an "underweight" rating in a research note on Wednesday, August 13th. National Bank Financial raised shares of Ballard Power Systems to a "hold" rating in a research note on Sunday, June 8th. Roth Capital upped their target price on Ballard Power Systems from $1.25 to $1.80 and gave the company a "neutral" rating in a research note on Monday, August 11th. UBS Group decreased their price target 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. Finally, BMO Capital Markets boosted their price objective on Ballard Power Systems from $1.00 to $1.10 and gave the company an "underperform" rating in a report on Tuesday, August 12th. Eleven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $1.51.

Ballard Power Systems Profile

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.