Cowen and Company set a $3.00 price target on Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) in a research report sent to investors on Monday. The firm currently has a hold rating on the technology company’s stock.

A number of other equities analysts have also issued reports on BLDP. Roth Capital set a $3.00 price target on shares of Ballard Power Systems and gave the stock a hold rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Ballard Power Systems from a hold rating to a buy rating and set a $3.25 price target for the company in a research report on Tuesday, August 8th. HC Wainwright reissued a buy rating and set a $3.00 price target on shares of Ballard Power Systems in a research report on Friday, August 4th. BidaskClub lowered shares of Ballard Power Systems from a buy rating to a hold rating in a research report on Saturday, July 8th. Finally, FBR & Co set a $4.00 price target on shares of Ballard Power Systems and gave the stock a buy rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Ballard Power Systems presently has a consensus rating of Hold and an average price target of $3.25.

Shares of Ballard Power Systems (BLDP) traded up 1.43% during mid-day trading on Monday, reaching $2.84. 458,428 shares of the company traded hands. The firm has a 50-day moving average price of $2.89 and a 200 day moving average price of $2.58. The firm’s market capitalization is $500.82 million. Ballard Power Systems has a 52 week low of $1.61 and a 52 week high of $3.48.

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Several large investors have recently modified their holdings of the company. First Trust Advisors LP boosted its stake in shares of Ballard Power Systems by 16.9% in the second quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock worth $528,000 after buying an additional 26,314 shares during the last quarter. KCG Holdings Inc. boosted its stake in shares of Ballard Power Systems by 220.0% in the first quarter. KCG Holdings Inc. now owns 204,521 shares of the technology company’s stock worth $454,000 after buying an additional 140,603 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Ballard Power Systems by 483.1% in the first quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock worth $368,000 after buying an additional 137,200 shares during the last quarter. Finally, Bluestein R H & Co. boosted its stake in shares of Ballard Power Systems by 12.5% in the first quarter. Bluestein R H & Co. now owns 225,000 shares of the technology company’s stock worth $500,000 after buying an additional 25,000 shares during the last quarter. 2.59% of the stock is currently owned by institutional investors and hedge funds.

Ballard Power Systems Company Profile

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.

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