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Ballard Power Systems (NASDAQ:BLDP) is set to release its Q114 earnings data on Tuesday, April 29th. Analysts expect Ballard Power Systems to post earnings of ($0.04) per share and revenue of $15.67 million for the quarter.

Shares of Ballard Power Systems (NASDAQ:BLDP) opened at 4.17 on Monday. Ballard Power Systems has a one year low of $0.87 and a one year high of $8.38. The stock’s 50-day moving average is $4.49 and its 200-day moving average is $2.57. The company’s market cap is $459.0 million. Ballard Power Systems also was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 11,357,168 shares, an increase of 42.7% from the March 31st total of 7,961,505 shares. Approximately 10.4% of the company’s shares are short sold. Based on an average daily volume of 7,958,373 shares, the days-to-cover ratio is currently 1.4 days.

A number of analysts have recently weighed in on BLDP shares. Analysts at Cowen and Company initiated coverage on shares of Ballard Power Systems in a research note on Monday, April 14th. They set a “market perform” rating and a $3.75 price target on the stock. On a related note, analysts at Lake Street Capital downgraded shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. They now have a $4.00 price target on the stock, up previously from $3.60. Finally, analysts at Byron Capital downgraded shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Ballard Power Systems Inc (NASDAQ:BLDP) is engaged in design, development, manufacture, sale and service of fuel cell products for a variety of applications, focusing on motive power (material handling and buses) and stationary power (back-up power and distributed generation).

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