Raymond James Financial Comments on BLDP FY2025 Earnings

Key Points

• Raymond James Financial has revised its FY2025 EPS estimates for Ballard Power Systems down to ($0.34), a decrease from the previous estimate of ($0.31).
• The company reported a quarterly EPS of ($0.08), exceeding analysts' expectations of ($0.10), with revenues reaching $17.98 million.
• Overall market sentiment is negative, with five analysts rating the stock as a sell and a consensus target price of $1.51.

Ballard Power Systems, Inc. (NASDAQ:BLDP - Free Report) TSE: BLD - Equities research analysts at Raymond James Financial lowered their FY2025 EPS estimates for shares of Ballard Power Systems in a report released on Monday, August 11th. Raymond James Financial analyst M. Glen now expects that the technology company will post earnings per share of ($0.34) for the year, down from their prior forecast of ($0.31). The consensus estimate for Ballard Power Systems' current full-year earnings is ($0.54) per share. Raymond James Financial also issued estimates for Ballard Power Systems' FY2026 earnings at ($0.26) EPS.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last issued its quarterly earnings results on Monday, August 11th. The technology company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. The company had revenue of $17.98 million for the quarter, compared to analyst estimates of $17.94 million. Ballard Power Systems had a negative return on equity of 21.52% and a negative net margin of 409.35%.

Several other analysts have also issued reports on the company. BMO Capital Markets increased their target price on Ballard Power Systems from $1.00 to $1.10 and gave the stock an "underperform" rating in a report on Tuesday, August 12th. Wells Fargo & Company upped their price target on Ballard Power Systems from $1.00 to $1.50 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Lake Street Capital lowered Ballard Power Systems from a "buy" rating to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen upgraded Ballard Power Systems to a "sell" rating in a report on Thursday, May 8th. Finally, National Bank Financial raised Ballard Power Systems to a "hold" rating in a research note on Sunday, June 8th. Eleven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $1.51.

Ballard Power Systems Stock Performance

BLDP stock traded down $0.0350 during trading hours on Thursday, hitting $1.9550. 2,324,207 shares of the stock were exchanged, compared to its average volume of 8,736,845. The company has a current ratio of 9.31, a quick ratio of 8.32 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $586.25 million, a P/E ratio of -1.97 and a beta of 1.76. Ballard Power Systems has a 12 month low of $1.00 and a 12 month high of $2.28. The company has a 50-day simple moving average of $1.78 and a two-hundred day simple moving average of $1.46.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC raised its position in shares of Ballard Power Systems by 364.7% during the 2nd quarter. Headlands Technologies LLC now owns 71,027 shares of the technology company's stock valued at $113,000 after buying an additional 55,742 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Ballard Power Systems by 117.1% during the second quarter. CANADA LIFE ASSURANCE Co now owns 2,720,883 shares of the technology company's stock valued at $4,327,000 after purchasing an additional 1,467,547 shares during the period. Engineers Gate Manager LP bought a new stake in Ballard Power Systems in the 2nd quarter worth $83,000. Ardsley Advisory Partners LP bought a new position in Ballard Power Systems during the 2nd quarter valued at approximately $80,000. Finally, Daiwa Securities Group Inc. increased its position in Ballard Power Systems by 108.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 36,792 shares of the technology company's stock valued at $58,000 after purchasing an additional 19,170 shares during the period. Institutional investors own 28.02% of the company's stock.

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.