Ballard Power Systems (NASDAQ:BLDP) Given New $1.30 Price Target at Susquehanna

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD had its price objective lowered by investment analysts at Susquehanna from $1.40 to $1.30 in a research report issued to clients and investors on Monday, MarketBeat reports. The firm presently has a "neutral" rating on the technology company's stock. Susquehanna's price objective would indicate a potential upside of 14.54% from the stock's current price.

BLDP has been the topic of a number of other research reports. National Bankshares cut their price target on shares of Ballard Power Systems from $2.60 to $2.00 and set a "sector perform" rating on the stock in a report on Friday, March 14th. Roth Mkm reduced their price target on shares of Ballard Power Systems from $1.75 to $1.25 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company set a $1.00 price target on shares of Ballard Power Systems in a research note on Thursday, March 13th. TD Cowen raised shares of Ballard Power Systems to a "strong sell" rating in a research note on Monday, January 13th. Finally, Raymond James reduced their price target on Ballard Power Systems from $2.50 to $2.00 and set a "market perform" rating for the company in a research report on Friday, March 14th. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $2.08.

Ballard Power Systems Stock Down 5.4 %

NASDAQ BLDP traded down $0.07 on Monday, reaching $1.14. The company had a trading volume of 5,761,152 shares, compared to its average volume of 5,428,617. The firm has a market capitalization of $339.86 million, a PE ratio of -1.03 and a beta of 1.84. 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 firm has a 50-day moving average of $1.25 and a 200-day moving average of $1.45. Ballard Power Systems has a 1 year low of $1.00 and a 1 year high of $3.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Ballard Power Systems during the 4th quarter worth approximately $27,000. Toronto Dominion Bank increased its holdings 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 buying an additional 20,949 shares during the last quarter. Headlands Technologies LLC bought a new position in Ballard Power Systems during the fourth quarter valued at $52,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings 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 acquiring an additional 10,767 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Ballard Power Systems by 44.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 49,511 shares of the technology company's stock worth $82,000 after acquiring an additional 15,160 shares in the last quarter. 28.02% of the stock is owned by institutional investors.

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.