FY2025 EPS Estimates for BLDP Cut by Raymond James Financial

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 - Analysts at Raymond James Financial cut their FY2025 EPS estimates for shares of Ballard Power Systems in a research report issued on Monday, August 11th. Raymond James Financial analyst M. Glen now expects that the technology company will post earnings of ($0.34) per share 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 announced its 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 business had revenue of $17.98 million for the quarter, compared to analysts' expectations of $17.94 million. Ballard Power Systems had a negative net margin of 409.35% and a negative return on equity of 21.52%.

Several other equities analysts have also recently issued reports on BLDP. Citigroup reissued a "sell" rating and issued a $1.00 price objective (down from $1.50) on shares of Ballard Power Systems in a research note on Thursday, April 17th. Wells Fargo & Company boosted their price objective on shares of Ballard Power Systems from $1.00 to $1.50 and gave the company an "underweight" rating in a research note on Wednesday. National Bank Financial raised shares of Ballard Power Systems to a "hold" rating in a research note on Sunday, June 8th. BMO Capital Markets boosted their price objective on shares of Ballard Power Systems from $1.00 to $1.10 and gave the company an "underperform" rating in a research note on Tuesday. Finally, UBS Group dropped their price objective on shares of Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $1.51.

Ballard Power Systems Stock Performance

Shares of Ballard Power Systems stock traded down $0.06 during trading on Thursday, reaching $1.82. The company's stock had a trading volume of 356,906 shares, compared to its average volume of 8,799,457. The company has a current ratio of 9.31, a quick ratio of 8.13 and a debt-to-equity ratio of 0.03. The firm has a market cap of $544.26 million, a PE ratio of -1.83 and a beta of 1.76. The company has a 50-day moving average price of $1.75 and a two-hundred day moving average price of $1.44. Ballard Power Systems has a fifty-two week low of $1.00 and a fifty-two week high of $2.28.

Institutional Investors Weigh In On Ballard Power Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Ballard Power Systems in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. boosted its position in shares of Ballard Power Systems by 125.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 23,553 shares of the technology company's stock worth $37,000 after buying an additional 13,094 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Ballard Power Systems by 21.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,459 shares of the technology company's stock valued at $48,000 after purchasing an additional 5,482 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Ballard Power Systems during the 1st quarter worth about $40,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Ballard Power Systems by 108.8% during the second quarter. Daiwa Securities Group Inc. now owns 36,792 shares of the technology company's stock worth $58,000 after buying an additional 19,170 shares in the last quarter. 28.02% of the stock is currently owned by hedge funds and other institutional investors.

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.

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