Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a report issued on Friday.

Several other research analysts also recently weighed in on the company. FBR & Co reiterated a “buy” rating on shares of Ballard Power Systems in a research note on Wednesday, September 6th. BidaskClub raised Ballard Power Systems from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Zacks Investment Research raised Ballard Power Systems from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a report on Tuesday, July 4th. Roth Capital set a $3.00 price target on Ballard Power Systems and gave the company a “hold” rating in a report on Monday, July 31st. Finally, Cowen and Company set a $3.00 price target on Ballard Power Systems and gave the company a “hold” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.25.

Ballard Power Systems (NASDAQ:BLDP) opened at 4.28 on Friday. The firm’s 50-day moving average is $3.05 and its 200-day moving average is $2.76. Ballard Power Systems has a 52-week low of $1.61 and a 52-week high of $5.06. The company’s market capitalization is $755.63 million.

ILLEGAL ACTIVITY NOTICE: “HC Wainwright Reiterates “Buy” Rating for Ballard Power Systems, Inc. (BLDP)” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/09/15/ballard-power-systems-inc-bldp-earns-buy-rating-from-hc-wainwright.html.

A number of large investors have recently made changes to their positions in BLDP. KCG Holdings Inc. raised its stake in Ballard Power Systems by 220.0% during the first quarter. KCG Holdings Inc. now owns 204,521 shares of the technology company’s stock valued at $454,000 after buying an additional 140,603 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Ballard Power Systems by 483.1% in the first quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock worth $368,000 after purchasing an additional 137,200 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Ballard Power Systems in the second quarter worth $105,000. First Trust Advisors LP raised its stake in shares of Ballard Power Systems by 16.9% in the second quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock worth $528,000 after purchasing an additional 26,314 shares during the last quarter. Finally, Bluestein R H & Co. raised its stake in shares of Ballard Power Systems by 12.5% in the first quarter. Bluestein R H & Co. now owns 225,000 shares of the technology company’s stock worth $500,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 2.82% of the company’s stock.

About Ballard Power Systems

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

Receive News & Ratings for Ballard Power Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.