National Bank Financial Issues Pessimistic Forecast for Ballard Power Systems (TSE:BLDP) Stock Price

Ballard Power Systems (TSE:BLDP) had its price objective reduced by equities researchers at National Bank Financial from C$4.75 to C$4.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 26.05% from the stock’s previous close.

Ballard Power Systems Trading Down 3.8%

BLDP traded down C$0.14 during trading on Thursday, hitting C$3.57. The company’s stock had a trading volume of 885,129 shares, compared to its average volume of 1,128,367. Ballard Power Systems has a twelve month low of C$2.34 and a twelve month high of C$9.08. The stock has a market cap of C$1.08 billion, a PE ratio of -13.73, a PEG ratio of -2,030.00 and a beta of 1.11. The firm’s 50 day moving average price is C$5.37 and its 200-day moving average price is C$4.49. The company has a debt-to-equity ratio of 3.52, a current ratio of 11.19 and a quick ratio of 13.57.

Ballard Power Systems (TSE:BLDP) last posted its quarterly earnings data on Friday, July 31st. The company reported C($0.10) EPS for the quarter. The company had revenue of C$29.27 million for the quarter. Ballard Power Systems had a negative net margin of 72.38% and a negative return on equity of 13.17%. On average, analysts expect that Ballard Power Systems will post -0.67 earnings per share for the current year.

Insider Activity

In related news, insider Ltd. Weichai Power Co. sold 151,350 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of C$4.99, for a total value of C$755,236.50. Following the transaction, the insider owned 30,951,476 shares in the company, valued at approximately C$154,447,865.24. The trade was a 0.49% decrease in their ownership of the stock. Also, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the completion of the transaction, the insider directly owned 44,020,601 shares in the company, valued at approximately C$257,960,721.86. The trade was a 4.58% decrease in their ownership of the stock. Over the last quarter, insiders have sold 10,064,347 shares of company stock worth $58,240,001. Company insiders own 15.53% of the company’s stock.

Ballard Power Systems Company Profile

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.