Wall Street brokerages forecast that Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) will report $32.40 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ballard Power Systems’ earnings, with the lowest sales estimate coming in at $30.70 million and the highest estimate coming in at $34.00 million. Ballard Power Systems posted sales of $30.70 million in the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The company is expected to issue its next quarterly earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Ballard Power Systems will report full-year sales of $32.40 million for the current fiscal year, with estimates ranging from $111.80 million to $115.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $131.27 million per share, with estimates ranging from $125.50 million to $134.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $31.90 million for the quarter, compared to analysts’ expectations of $28.33 million. Ballard Power Systems had a negative net margin of 5.57% and a negative return on equity of 4.36%. The business’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) earnings per share.

A number of research firms recently weighed in on BLDP. Cowen reaffirmed a “hold” rating on shares of Ballard Power Systems in a research note on Friday, November 3rd. B. Riley set a $6.00 price objective on shares of Ballard Power Systems and gave the stock a “buy” rating in a research note on Tuesday, November 14th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Ballard Power Systems in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Ballard Power Systems in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.50.

Shares of Ballard Power Systems (BLDP) opened at $4.61 on Wednesday. Ballard Power Systems has a one year low of $1.61 and a one year high of $5.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.70 and a quick ratio of 2.17.

A number of large investors have recently added to or reduced their stakes in the stock. Bluestein R H & Co. lifted its position in shares of Ballard Power Systems by 11.2% during the third quarter. Bluestein R H & Co. now owns 233,000 shares of the technology company’s stock valued at $1,090,000 after buying an additional 23,500 shares during the last quarter. First Trust Advisors LP lifted its position 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 valued at $528,000 after buying an additional 26,314 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ballard Power Systems during the second quarter valued at about $105,000. First Manhattan Co. purchased a new stake in shares of Ballard Power Systems during the third quarter valued at about $126,000. Finally, PEAK6 Investments L.P. lifted its position in shares of Ballard Power Systems by 556.3% during the third quarter. PEAK6 Investments L.P. now owns 216,984 shares of the technology company’s stock valued at $1,015,000 after buying an additional 183,921 shares during the last quarter. 3.07% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for Ballard Power Systems (NASDAQ:BLDP)

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