Daiwa Securities Group Inc. Has $38,000 Holdings in Ballard Power Systems Inc. (NASDAQ:BLDP)

Daiwa Securities Group Inc. lessened its stake in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) by 46.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,262 shares of the technology company’s stock after selling 8,886 shares during the period. Daiwa Securities Group Inc.’s holdings in Ballard Power Systems were worth $38,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Ballard Power Systems by 27.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,910,970 shares of the technology company’s stock valued at $14,353,000 after acquiring an additional 849,311 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Ballard Power Systems by 18.2% during the 4th quarter. Vontobel Holding Ltd. now owns 2,086,570 shares of the technology company’s stock valued at $7,732,000 after acquiring an additional 321,624 shares in the last quarter. Vanguard Group Inc. grew its stake in Ballard Power Systems by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,121,473 shares of the technology company’s stock valued at $33,476,000 after acquiring an additional 148,321 shares in the last quarter. SG Americas Securities LLC purchased a new position in Ballard Power Systems during the 4th quarter valued at about $373,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ballard Power Systems by 11.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 865,353 shares of the technology company’s stock valued at $3,222,000 after acquiring an additional 89,643 shares in the last quarter. Institutional investors and hedge funds own 28.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James dropped their price objective on Ballard Power Systems from $4.50 to $4.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. TD Securities cut their price objective on shares of Ballard Power Systems from $3.00 to $2.50 in a research report on Thursday. Citigroup cut their price objective on shares of Ballard Power Systems from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Piper Sandler cut their price objective on shares of Ballard Power Systems from $3.00 to $2.30 and set an “underweight” rating on the stock in a research report on Wednesday, March 13th. Finally, Jefferies Financial Group cut their price objective on shares of Ballard Power Systems from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.94.

Ballard Power Systems Trading Up 5.3 %

Shares of Ballard Power Systems stock opened at $2.60 on Monday. The company’s fifty day simple moving average is $2.93 and its 200-day simple moving average is $3.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.60 and a current ratio of 12.25. Ballard Power Systems Inc. has a 1 year low of $2.42 and a 1 year high of $5.68.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings data on Monday, March 11th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The company had revenue of $46.80 million during the quarter, compared to analyst estimates of $26.32 million. Ballard Power Systems had a negative return on equity of 14.06% and a negative net margin of 172.63%. The company’s revenue was up 131.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) EPS. As a group, sell-side analysts expect that Ballard Power Systems Inc. will post -0.51 earnings per share for the current fiscal year.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.