The price of Ballard Power Systems Inc. (NASDAQ:BLDP) shares last traded on Wall Street rose 3.70% to $3.92.
BLDP stock price is now 11.17% away from the 50-day moving average and -8.78% away from the 200-day moving average. The market capitalization of the company currently stands at $1.17B.
With the price target maintained at $4.50, HSBC Securities recently Upgraded its rating from Hold to Buy for Ballard Power Systems Inc. (NASDAQ: BLDP).
A total of 19.11% of the company’s stock is owned by insiders.
During the past 12 months, Ballard Power Systems Inc. has had a low of $3.12 and a high of $7.10. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 12.57, and a quick ratio of 11.59. The fifty day moving average price for BLDP is $3.5262 and a two-hundred day moving average price translates $4.2976 for the stock.
The latest earnings results from Ballard Power Systems Inc. (NASDAQ: BLDP) was released for Sep, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.21, missing analysts’ expectations of -$0.13 by -0.08. This compares to -$0.14 EPS in the same period last year. The net profit margin was -209.79% and return on equity was -14.45% for BLDP. The company reported revenue of $27.57 million for the quarter, compared to $21.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.2 percent. For the current quarter, analysts expect BLDP to generate $33.43M 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.
