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 Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Raymond James lowered shares of Ballard Power Systems from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $9.00 to $10.00 in a research report on Wednesday, August 10th. Cowen raised their target price on Ballard Power Systems to $9.00 in a research report on Monday. B. Riley lowered their price target on Ballard Power Systems from $15.00 to $12.00 in a research report on Tuesday, May 10th. National Bankshares reduced their target price 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. Finally, Piper Sandler began coverage on shares of Ballard Power Systems in a research report on Wednesday, June 8th. They set a "sell" rating and a $5.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.30.

Ballard Power Systems Trading Down 1.2 %

BLDP traded down $0.10 during mid-day trading on Thursday, reaching $8.23. The stock had a trading volume of 270,382 shares, compared to its average volume of 4,989,219. The firm's fifty day simple moving average is $7.20 and its two-hundred day simple moving average is $8.71. The stock has a market capitalization of $2.45 billion, a P/E ratio of -14.16 and a beta of 1.77. Ballard Power Systems has a 52 week low of $5.75 and a 52 week high of $19.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 14.36 and a current ratio of 15.16.

Ballard Power Systems (NASDAQ:BLDP - Get Rating) (TSE:BLD) last posted its quarterly earnings results on Wednesday, August 10th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The firm had revenue of $20.90 million during the quarter, compared to the consensus estimate of $24.16 million. Ballard Power Systems had a negative net margin of 164.44% and a negative return on equity of 12.13%. Ballard Power Systems's revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) EPS. On average, equities analysts predict that Ballard Power Systems will post -0.61 EPS for the current year.