Ballard Power Systems (BLDP) to Release Quarterly Earnings on Tuesday

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD will be releasing its earnings data before the market opens on Tuesday, November 5th. Analysts expect Ballard Power Systems to post earnings of ($0.13) per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last issued its earnings results on Monday, August 12th. The technology company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.02. The business had revenue of $16.00 million during the quarter, compared to analysts' expectations of $19.36 million. Ballard Power Systems had a negative return on equity of 16.20% and a negative net margin of 177.95%. Ballard Power Systems's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) earnings per share. On average, analysts expect Ballard Power Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ballard Power Systems Stock Down 5.4 %

NASDAQ:BLDP traded down $0.09 during trading hours on Tuesday, hitting $1.59. 2,786,485 shares of the company's stock traded hands, compared to its average volume of 2,831,909. The stock's fifty day moving average price is $1.72 and its two-hundred day moving average price is $2.26. The firm has a market cap of $476.08 million, a P/E ratio of -2.52 and a beta of 1.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.05 and a current ratio of 10.90. Ballard Power Systems has a twelve month low of $1.52 and a twelve month high of $4.02.

Analyst Upgrades and Downgrades

Several research firms recently commented on BLDP. TD Securities cut shares of Ballard Power Systems from a "hold" rating to a "sell" rating and decreased their price target for the stock from $2.50 to $1.50 in a report on Monday, August 12th. Wells Fargo & Company decreased their target price on shares of Ballard Power Systems from $3.00 to $2.00 and set an "underweight" rating for the company in a research note on Tuesday, August 13th. National Bankshares lowered their price target on shares of Ballard Power Systems from $4.00 to $3.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 13th. BMO Capital Markets cut their price objective on Ballard Power Systems from $2.25 to $1.70 and set an "underperform" rating for the company in a report on Tuesday, August 13th. Finally, Susquehanna reduced their price objective on Ballard Power Systems from $2.00 to $1.50 and set a "neutral" rating for the company in a research report on Wednesday, October 16th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $2.89.

Ballard Power Systems Company 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.