Ballard Power Systems’ (NASDAQ:BLDP) “Buy” Rating Reaffirmed at HC Wainwright

Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a note issued to investors on Friday, November 3rd. They presently have a $6.00 target price on the technology company’s stock. HC Wainwright’s price objective would indicate a potential upside of 27.66% from the stock’s current price.

BLDP has been the topic of a number of other reports. FBR & Co restated a “buy” rating and set a $6.00 target price (up from $3.50) on shares of Ballard Power Systems in a report on Monday, September 18th. BidaskClub upgraded shares of Ballard Power Systems from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Ballard Power Systems from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Tuesday, August 8th. Cowen and Company set a $3.00 target price on shares of Ballard Power Systems and gave the stock a “hold” rating in a report on Monday, August 14th. Finally, Roth Capital set a $3.00 target price on shares of Ballard Power Systems and gave the stock a “hold” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $5.50.

Shares of Ballard Power Systems (NASDAQ BLDP) traded down $0.06 on Friday, reaching $4.70. 1,550,699 shares of the company’s stock were exchanged, compared to its average volume of 1,691,334. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.70. Ballard Power Systems has a 1 year low of $1.61 and a 1 year high of $5.93.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.01) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.01). Ballard Power Systems had a negative net margin of 5.57% and a negative return on equity of 4.36%. The firm had revenue of $31.90 million for the quarter, compared to analyst estimates of $28.33 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The business’s revenue was up 54.9% on a year-over-year basis. analysts anticipate that Ballard Power Systems will post -0.04 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Ballard Power Systems’ (NASDAQ:BLDP) “Buy” Rating Reaffirmed at HC Wainwright” was originally published by BBNS and is the property of of BBNS. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/ballard-power-systems-inc-bldp-given-buy-rating-at-hc-wainwright/1755411.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in Ballard Power Systems during the third quarter worth about $141,000. PEAK6 Investments L.P. lifted its holdings in shares of Ballard Power Systems by 556.3% in the third quarter. PEAK6 Investments L.P. now owns 216,984 shares of the technology company’s stock worth $1,015,000 after acquiring an additional 183,921 shares during the last quarter. Bluestein R H & Co. lifted its holdings in shares of Ballard Power Systems by 11.2% in the third quarter. Bluestein R H & Co. now owns 233,000 shares of the technology company’s stock worth $1,090,000 after acquiring an additional 23,500 shares during the last quarter. First Manhattan Co. bought a new position in shares of Ballard Power Systems in the third quarter worth about $126,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Ballard Power Systems in the second quarter worth about $105,000. 2.80% of the stock is owned by institutional investors and hedge funds.

About Ballard Power Systems

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

Analyst Recommendations for Ballard Power Systems (NASDAQ:BLDP)

Receive News & Ratings for Ballard Power Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.