Shares of Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) have received an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. One 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 average 1 year price target among analysts that have issued a report on the stock in the last year is $5.75.

A number of brokerages have recently commented on BLDP. BidaskClub lowered shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Cowen set a $3.00 price objective on shares of Ballard Power Systems and gave the stock a “hold” rating in a research report on Monday, August 14th. HC Wainwright reissued a “buy” rating and issued a $6.00 price objective on shares of Ballard Power Systems in a research report on Tuesday, September 26th. Zacks Investment Research lowered shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, B. Riley reissued a “buy” rating on shares of Ballard Power Systems in a research report on Friday, November 3rd.

Shares of Ballard Power Systems (NASDAQ BLDP) opened at $4.69 on Thursday. The company has a current ratio of 2.70, a quick ratio of 2.17 and a debt-to-equity ratio of 0.05. Ballard Power Systems has a 1 year low of $1.61 and a 1 year high of $5.93.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The business had revenue of $31.90 million for the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. analysts expect that Ballard Power Systems will post -0.04 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of BLDP. Dynamic Technology Lab Private Ltd acquired a new position in Ballard Power Systems during the second quarter worth $105,000. First Manhattan Co. acquired a new position in Ballard Power Systems during the third quarter worth $126,000. Jane Street Group LLC acquired a new position in Ballard Power Systems during the third quarter worth $141,000. Renaissance Technologies LLC increased its holdings in 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 during the last quarter. Finally, First Trust Advisors LP increased its holdings in 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 during the last quarter. Institutional investors and hedge funds own 3.07% of the company’s stock.

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Ballard Power Systems Company Profile

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.

Analyst Recommendations for Ballard Power Systems (NASDAQ:BLDP)

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