Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) received a $5.00 target price from equities researchers at Roth Capital in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Cowen and Company restated a “hold” rating and issued a $4.50 price target on shares of Ballard Power Systems in a research report on Tuesday, October 17th. FBR & Co restated a “buy” rating and issued a $6.00 price target (up previously from $3.50) on shares of Ballard Power Systems in a research report on Monday, September 18th. Zacks Investment Research downgraded shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, HC Wainwright restated a “buy” rating and issued a $6.00 price target on shares of Ballard Power Systems in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $5.40.

Ballard Power Systems (NASDAQ:BLDP) traded up 2.020% during midday trading on Wednesday, hitting $5.101. 1,866,652 shares of the stock were exchanged. The stock’s market cap is $899.53 million. The firm’s 50-day moving average is $4.84 and its 200 day moving average is $3.39. 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 business. First Manhattan Co. acquired a new position in Ballard Power Systems in the 3rd quarter valued at approximately $126,000. Dynamic Technology Lab Private Ltd acquired a new position in Ballard Power Systems in the 2nd quarter valued at approximately $105,000. Renaissance Technologies LLC increased its stake in Ballard Power Systems by 483.1% in the 1st quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock valued at $368,000 after buying an additional 137,200 shares during the period. First Trust Advisors LP increased its stake in Ballard Power Systems by 16.9% in the 2nd quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock valued at $528,000 after buying an additional 26,314 shares during the period. Finally, KCG Holdings Inc. increased its stake in Ballard Power Systems by 220.0% in the 1st 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 period. Hedge funds and other institutional investors own 2.80% 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.

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