Two Sigma Advisers LP Buys 498,600 Shares of Ballard Power Systems Inc. (NASDAQ:BLDP)

Two Sigma Advisers LP increased its holdings in Ballard Power Systems Inc. (NASDAQ:BLDP - Free Report) TSE: BLD by 104.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 975,100 shares of the technology company's stock after buying an additional 498,600 shares during the period. Two Sigma Advisers LP owned 0.33% of Ballard Power Systems worth $1,619,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Ballard Power Systems in the 4th quarter valued at about $176,000. Van ECK Associates Corp increased its position in shares of Ballard Power Systems by 35.4% in the fourth quarter. Van ECK Associates Corp now owns 2,466,084 shares of the technology company's stock worth $4,094,000 after purchasing an additional 644,861 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in Ballard Power Systems in the fourth quarter valued at approximately $310,000. Raymond James Financial Inc. bought a new stake in Ballard Power Systems during the fourth quarter valued at approximately $27,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ballard Power Systems by 16.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 980,067 shares of the technology company's stock valued at $1,629,000 after purchasing an additional 134,991 shares during the last quarter. Institutional investors own 28.02% of the company's stock.

Analyst Ratings Changes

BLDP has been the topic of a number of research analyst reports. Roth Mkm lowered their price objective on shares of Ballard Power Systems from $1.75 to $1.25 and set a "neutral" rating on the stock in a research report on Friday, March 14th. National Bankshares reduced their target price on Ballard Power Systems from $2.60 to $2.00 and set a "sector perform" rating on the stock in a research note on Friday, March 14th. Raymond James dropped their price target on Ballard Power Systems from $2.50 to $2.00 and set a "market perform" rating for the company in a research note on Friday, March 14th. BMO Capital Markets reduced their price objective on Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating on the stock in a research report on Friday, March 14th. Finally, Wall Street Zen raised Ballard Power Systems to a "sell" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Ballard Power Systems currently has an average rating of "Hold" and a consensus target price of $2.09.

Ballard Power Systems Trading Down 4.9%

Shares of Ballard Power Systems stock traded down $0.07 on Friday, hitting $1.36. The stock had a trading volume of 15,080,356 shares, compared to its average volume of 6,002,598. The company has a quick ratio of 8.19, a current ratio of 9.01 and a debt-to-equity ratio of 0.03. Ballard Power Systems Inc. has a one year low of $1.00 and a one year high of $3.16. The stock's 50-day simple moving average is $1.23 and its two-hundred day simple moving average is $1.39. The stock has a market cap of $407.77 million, a price-to-earnings ratio of -1.24 and a beta of 1.68.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.05. The business had revenue of $14.76 million for the quarter, compared to analyst estimates of $16.82 million. Ballard Power Systems had a negative net margin of 357.78% and a negative return on equity of 19.96%. As a group, sell-side analysts predict that Ballard Power Systems Inc. will post -0.54 EPS for the current year.

Ballard Power Systems Company 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.