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.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. National Bankshares decreased their price target on shares of Ballard Power Systems from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Thursday, August 11th. Piper Sandler began coverage on Ballard Power Systems in a report on Wednesday, June 8th. They set a "sell" rating and a $5.00 target price on the stock. Raymond James lowered Ballard Power Systems from an "outperform" rating to a "market perform" rating and upped their price target for the company from $9.00 to $10.00 in a research report on Wednesday, August 10th. KeyCorp restated a "sector weight" rating on shares of Ballard Power Systems in a report on Thursday, June 2nd. Finally, TD Securities lifted their price target on Ballard Power Systems from $11.00 to $12.50 and gave the stock a "speculative buy" rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $12.30.

Ballard Power Systems Trading Down 2.6 %

Shares of BLDP traded down $0.23 during trading on Tuesday, reaching $8.54. 3,688,302 shares of the company traded hands, compared to its average volume of 4,655,624. The stock has a 50-day simple moving average of $7.16 and a 200-day simple moving average of $8.72. The stock has a market cap of $2.55 billion, a PE ratio of -14.74 and a beta of 1.77. Ballard Power Systems has a twelve month low of $5.75 and a twelve month high of $19.66. The company has a quick ratio of 14.36, a current ratio of 15.16 and a debt-to-equity ratio of 0.01.

Ballard Power Systems (NASDAQ:BLDP - Get Rating) (TSE:BLD) last announced its earnings results on Wednesday, August 10th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.07). Ballard Power Systems had a negative net margin of 164.44% and a negative return on equity of 12.13%. The firm had revenue of $20.90 million during the quarter, compared to analysts' expectations of $24.16 million. During the same period in the previous year, the firm earned ($0.07) EPS. The firm's revenue for the quarter was down 16.4% compared to the same quarter last year. On average, analysts anticipate that Ballard Power Systems will post -0.57 earnings per share for the current year.