Alberta Investment Management Corp Invests $310,000 in Ballard Power Systems Inc. (NASDAQ:BLDP)

Alberta Investment Management Corp purchased a new stake in shares of Ballard Power Systems Inc. (NASDAQ:BLDP - Free Report) TSE: BLD in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 186,500 shares of the technology company's stock, valued at approximately $310,000. Alberta Investment Management Corp owned about 0.06% of Ballard Power Systems at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Commonwealth Financial Corp PA acquired a new position in Ballard Power Systems in the 3rd quarter valued at $27,000. Toronto Dominion Bank increased 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 worth $50,000 after acquiring an additional 20,949 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in Ballard Power Systems by 35.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company's stock worth $68,000 after purchasing an additional 10,767 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in Ballard Power Systems in the 3rd quarter valued at about $119,000. Finally, Virtu Financial LLC acquired a new position in shares of Ballard Power Systems during the 3rd quarter worth approximately $135,000. 28.02% of the stock is owned by institutional investors.

Ballard Power Systems Stock Up 4.2 %

BLDP stock traded up $0.06 during trading on Wednesday, reaching $1.38. 5,455,588 shares of the company traded hands, compared to its average volume of 10,012,164. The business has a 50 day simple moving average of $1.54 and a 200 day simple moving average of $1.61. Ballard Power Systems Inc. has a 12 month low of $1.23 and a 12 month high of $3.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01. The company has a market capitalization of $411.73 million, a price-to-earnings ratio of -1.24 and a beta of 1.69.

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Analysts Set New Price Targets

Several equities research analysts have weighed in on BLDP shares. StockNews.com upgraded Ballard Power Systems to a "sell" rating in a research note on Friday, November 1st. Hsbc Global Res lowered shares of Ballard Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. HSBC downgraded shares of Ballard Power Systems from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. CIBC cut their price objective on Ballard Power Systems from $1.40 to $1.20 and set an "underperformer" rating on the stock in a report on Wednesday, December 4th. Finally, TD Cowen raised Ballard Power Systems to a "strong sell" rating in a report on Monday, January 13th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Ballard Power Systems presently has an average rating of "Hold" and a consensus target price of $2.77.

Ballard Power Systems 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.