In yesterday’s Wall Street session, Ballard Power Systems Inc. (NASDAQ:BLDP) shares traded at $4.33, down -4.20% from the previous session.
25 analysts cover Ballard Power Systems Inc. (NASDAQ:BLDP), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $3.00, we find $5.00. Given the previous closing price of $4.52, this indicates a potential upside of 10.62 percent. BLDP stock price is now -12.35% away from the 50-day moving average and -27.99% away from the 200-day moving average. The market capitalization of the company currently stands at $1.31B.
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The stock has received a hold rating from 17 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $6.56 as their price target over the next twelve months.
With the price target of $7.25, Scotiabank recently initiated with Sector Perform rating for Ballard Power Systems Inc. (NASDAQ: BLDP)., while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’.
A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BLDP stock. A new stake in Ballard Power Systems Inc. shares was purchased by ALBERTA INVESTMENT MANAGEMENT CORP during the first quarter worth $1,772,000. CAPITAL FUND MANAGEMENT S.A. invested $722,000 in shares of BLDP during the first quarter. In the first quarter, BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in Ballard Power Systems Inc. valued at approximately $299,000. PROSHARE ADVISORS LLC acquired a new stake in BLDP for approximately $182,000. MANATUCK HILL PARTNERS, LLC purchased a new stake in BLDP valued at around $180,000 in the second quarter. In total, there are 344 active investors with 16.40% ownership of the company’s stock.
On Tuesday morning Ballard Power Systems Inc. (NASDAQ: BLDP) stock kicked off with the opening price of $4.4500. During the past 12 months, Ballard Power Systems Inc. has had a low of $4.07 and a high of $9.28. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 14.20, and a quick ratio of 13.30. The fifty day moving average price for BLDP is $4.9112 and a two-hundred day moving average price translates $5.9945 for the stock.
The latest earnings results from Ballard Power Systems Inc. (NASDAQ: BLDP) was released for Mar, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.11, beating analysts’ expectations of -$0.13 by 0.02. This compares to -$0.14 EPS in the same period last year. The company reported revenue of $13.35 million for the quarter, compared to $21.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -36.59 percent. For the current quarter, analysts expect BLDP to generate $16.27M in revenue.
Ballard Power Systems Inc.(BLDP) 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 markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and power generation. It also provides technology solutions, including engineering and technology transfer, as well as licenses and sells intellectual property portfolio and fundamental knowledge for various PEM fuel cell applications; and hydrogen fuel cell powertrain and vehicle systems integration solutions. It operates in the United States, Germany, the United Kingdom, China, France, Canada, Australia, Belgium, Denmark, Poland, Spain, India, Taiwan, Norway, Japan, and internationally. The company has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
