Shares of Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $4.88.

Several research firms recently issued reports on BLDP. Cowen and Company boosted their target price on shares of Ballard Power Systems from $3.00 to $4.50 and gave the company a “market perform” rating in a research note on Friday, September 15th. Zacks Investment Research cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. HC Wainwright reiterated a “buy” rating and issued a $6.00 target price (up from $3.00) on shares of Ballard Power Systems in a research note on Friday, September 15th. BidaskClub cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, FBR & Co reiterated a “buy” rating and issued a $6.00 target price (up from $3.50) on shares of Ballard Power Systems in a research note on Monday, September 18th.

Shares of Ballard Power Systems (NASDAQ:BLDP) opened at 4.97 on Wednesday. The stock’s market capitalization is $876.43 million. The stock has a 50 day moving average of $4.31 and a 200-day moving average of $3.19. Ballard Power Systems has a 52 week low of $1.61 and a 52 week high of $5.50.

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Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in shares of Ballard Power Systems by 16.9% during the second quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock worth $528,000 after buying an additional 26,314 shares in the last quarter. KCG Holdings Inc. grew its holdings in shares of Ballard Power Systems by 220.0% during the first quarter. KCG Holdings Inc. now owns 204,521 shares of the technology company’s stock worth $454,000 after buying an additional 140,603 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ballard Power Systems during the second quarter worth $105,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Ballard Power Systems by 483.1% during the first quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock worth $368,000 after buying an additional 137,200 shares in the last quarter. 2.81% of the stock is owned by institutional investors and hedge funds.

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.

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