131,000 Shares in Ballard Power Systems Inc. (NASDAQ:BLDP) Bought by Aristides Capital LLC

Aristides Capital LLC purchased a new stake in Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 131,000 shares of the technology company’s stock, valued at approximately $217,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in Ballard Power Systems by 137.6% in the third quarter. Jane Street Group LLC now owns 1,115,742 shares of the technology company’s stock worth $2,008,000 after purchasing an additional 646,219 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ballard Power Systems by 51.0% in the 3rd quarter. Geode Capital Management LLC now owns 432,805 shares of the technology company’s stock valued at $779,000 after buying an additional 146,104 shares during the period. Van ECK Associates Corp grew its position in shares of Ballard Power Systems by 35.4% during the 4th quarter. Van ECK Associates Corp now owns 2,466,084 shares of the technology company’s stock valued at $4,094,000 after buying an additional 644,861 shares during the last quarter. XTX Topco Ltd raised its stake in Ballard Power Systems by 29.0% during the third quarter. XTX Topco Ltd now owns 88,212 shares of the technology company’s stock worth $159,000 after acquiring an additional 19,856 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Ballard Power Systems by 71.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,020,801 shares of the technology company’s stock worth $1,695,000 after acquiring an additional 425,374 shares during the last quarter. 28.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLDP has been the topic of several analyst reports. HSBC dropped their target price on Ballard Power Systems from $1.90 to $1.40 and set a “hold” rating on the stock in a research report on Friday, March 14th. Raymond James cut their price objective on shares of Ballard Power Systems from $2.50 to $2.00 and set a “market perform” rating on the stock in a research report on Friday, March 14th. Citigroup decreased their target price on shares of Ballard Power Systems from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Roth Mkm cut their price target on Ballard Power Systems from $1.75 to $1.25 and set a “neutral” rating on the stock in a report on Friday, March 14th. Finally, Wells Fargo & Company set a $1.00 price objective on Ballard Power Systems in a report on Thursday, March 13th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.13.

Ballard Power Systems Stock Down 0.9 %

NASDAQ BLDP opened at $1.08 on Monday. Ballard Power Systems Inc. has a 12 month low of $1.01 and a 12 month high of $3.38. The company has a market capitalization of $323.39 million, a P/E ratio of -0.98 and a beta of 1.84. The company’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.01 and a quick ratio of 8.19.

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.