Ballard Power Systems Inc. (NASDAQ:BLDP) Receives Consensus Rating of "Reduce" from Brokerages

Shares of Ballard Power Systems Inc. (NASDAQ:BLDP - Get Free Report) TSE: BLD have been given an average recommendation of "Reduce" by the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $2.81.

BLDP has been the subject of a number of recent research reports. TD Cowen raised shares of Ballard Power Systems to a "strong sell" rating in a research report on Monday, January 13th. CIBC reduced their price target 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.

Ballard Power Systems Price Performance

Shares of NASDAQ BLDP traded up $0.05 on Monday, hitting $1.28. The company's stock had a trading volume of 9,930,600 shares, compared to its average volume of 10,365,252. Ballard Power Systems has a 12-month low of $1.08 and a 12-month high of $3.38. The company has a market capitalization of $383.28 million, a price-to-earnings ratio of -1.16 and a beta of 1.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.01 and a quick ratio of 8.19. The stock has a 50 day moving average of $1.45 and a 200-day moving average of $1.56.

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Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last issued its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. Ballard Power Systems had a negative net margin of 357.78% and a negative return on equity of 19.96%. As a group, research analysts predict that Ballard Power Systems will post -0.54 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BLDP. Banque Cantonale Vaudoise lifted its stake in shares of Ballard Power Systems by 7.7% during the 3rd quarter. Banque Cantonale Vaudoise now owns 190,433 shares of the technology company's stock worth $343,000 after buying an additional 13,639 shares during the last quarter. Penserra Capital Management LLC boosted its position in Ballard Power Systems by 52.6% during the 3rd quarter. Penserra Capital Management LLC now owns 959,941 shares of the technology company's stock worth $1,727,000 after buying an additional 330,815 shares during the period. DRW Securities LLC lifted its position in shares of Ballard Power Systems by 2,097.1% in the 3rd quarter. DRW Securities LLC now owns 333,322 shares of the technology company's stock worth $600,000 after purchasing an additional 318,151 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Ballard Power Systems by 79.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 436,689 shares of the technology company's stock valued at $786,000 after acquiring an additional 193,658 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Ballard Power Systems by 8.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 344,589 shares of the technology company's stock worth $620,000 after acquiring an additional 27,787 shares in the last quarter. Institutional investors and hedge funds own 28.02% of the company's stock.

About Ballard Power Systems

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.