Ballard Power Systems (NASDAQ:BLDP – Free Report) (TSE:BLD) had its price objective trimmed by HSBC from $1.90 to $1.40 in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has a hold rating on the technology company’s stock.
A number of other brokerages have also recently issued reports on BLDP. CIBC reduced their price objective on shares of Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating for the company in a research note on Wednesday, December 4th. TD Cowen raised shares of Ballard Power Systems to a “strong sell” rating in a research note on Monday, January 13th. Roth Mkm reduced their price objective on shares of Ballard Power Systems from $1.75 to $1.25 and set a “neutral” rating for the company in a research note on Friday. Raymond James reduced their price objective on shares of Ballard Power Systems from $2.50 to $2.00 and set a “market perform” rating for the company in a research note on Friday. Finally, BMO Capital Markets cut their target price on shares of Ballard Power Systems from $1.30 to $1.20 and set an “underperform” rating for the company in a research note on Friday. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Ballard Power Systems presently has a consensus rating of “Hold” and a consensus target price of $2.31.
Check Out Our Latest Stock Report on Ballard Power Systems
Ballard Power Systems Stock Performance
Hedge Funds Weigh In On Ballard Power Systems
Institutional investors have recently bought and sold shares of the business. First Commonwealth Financial Corp PA bought a new position in Ballard Power Systems during the third quarter valued at $27,000. Raymond James Financial Inc. bought a new position in Ballard Power Systems during the fourth quarter valued at $27,000. Toronto Dominion Bank lifted its position in Ballard Power Systems by 300.0% during the third quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company’s stock valued at $50,000 after purchasing an additional 20,949 shares during the last quarter. Headlands Technologies LLC bought a new position in Ballard Power Systems during the fourth quarter valued at $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in Ballard Power Systems by 35.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company’s stock valued at $68,000 after purchasing an additional 10,767 shares during the last quarter. Institutional investors own 28.02% of the company’s stock.
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.
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