Ballard Power Systems - BLDP Stock Forecast, Price & News

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 markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power. It also provides technology solutions, including engineering and technology transfer, as well as licenses and sells intellectual property portfolio and fundamental knowledge for various PEM fuel cell applications; and hydrogen fuel cell powertrain and vehicle systems integration solutions. It operates in China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, Sweden, and internationally. The company has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.

Ballard Power Systems Stock Performance

Shares of NASDAQ:BLDP traded up $0.11 during trading hours on Monday, hitting $8.88. 6,321,155 shares of the stock were exchanged, compared to its average volume of 4,613,509. Ballard Power Systems has a one year low of $5.75 and a one year high of $19.66. The company's 50 day moving average is $7.02 and its 200 day moving average is $8.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 15.36 and a quick ratio of 14.61. The firm has a market capitalization of $2.65 billion, a P/E ratio of -19.30 and a beta of 1.77.

Ballard Power Systems (NASDAQ:BLDP - Get Rating) (TSE:BLD) last released its quarterly earnings results on Monday, May 9th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). The firm had revenue of $21.00 million for the quarter, compared to the consensus estimate of $24.88 million. Ballard Power Systems had a negative net margin of 126.91% and a negative return on equity of 10.21%. The firm's revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) earnings per share. On average, research analysts expect that Ballard Power Systems will post -0.53 EPS for the current year.

Analyst Upgrades and Downgrades

BLDP has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on shares of Ballard Power Systems in a report on Wednesday, June 8th. They set a "sell" rating and a $5.00 price target on the stock. Raymond James dropped their price objective on shares of Ballard Power Systems from $14.00 to $9.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 10th. KeyCorp reiterated a "sector weight" rating on shares of Ballard Power Systems in a research note on Thursday, June 2nd. B. Riley dropped their price objective on shares of Ballard Power Systems from $15.00 to $12.00 in a research note on Tuesday, May 10th. Finally, National Bankshares dropped their price objective on shares of Ballard Power Systems from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.86.