Ballard Power Systems Inc (NASDAQ:BLDP) Given Consensus Rating of “Hold” by Analysts

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Shares of Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.50.

A number of research firms have commented on BLDP. HC Wainwright restated a “hold” rating on shares of Ballard Power Systems in a research note on Tuesday, December 17th. Zacks Investment Research upgraded Ballard Power Systems from a “sell” rating to a “hold” rating in a research note on Monday, January 6th. ValuEngine lowered Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Lake Street Capital raised their price objective on Ballard Power Systems from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Friday, November 1st. Finally, BidaskClub lowered Ballard Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th.

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC boosted its stake in shares of Ballard Power Systems by 38.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 56,400 shares of the technology company’s stock worth $405,000 after buying an additional 15,800 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Ballard Power Systems by 4.4% in the 4th quarter. Stifel Financial Corp now owns 47,490 shares of the technology company’s stock worth $340,000 after buying an additional 2,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Ballard Power Systems by 46.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 316,836 shares of the technology company’s stock worth $2,264,000 after buying an additional 100,179 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Ballard Power Systems by 178.3% in the 4th quarter. Credit Suisse AG now owns 202,159 shares of the technology company’s stock worth $1,452,000 after buying an additional 129,527 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Ballard Power Systems in the 4th quarter worth approximately $100,000. Hedge funds and other institutional investors own 4.24% of the company’s stock.

Ballard Power Systems stock opened at $11.36 on Friday. The stock’s fifty day moving average price is $9.66 and its two-hundred day moving average price is $6.52. Ballard Power Systems has a one year low of $2.85 and a one year high of $12.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.91 and a quick ratio of 3.32. The firm has a market cap of $2.62 billion, a PE ratio of -63.11 and a beta of 1.72.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.

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