Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.25.

Several research firms have recently weighed in on BLDP. Cowen and Company set a $3.00 target price on Ballard Power Systems and gave the company a “hold” rating in a research report on Monday, August 14th. BidaskClub downgraded Ballard Power Systems from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Roth Capital set a $3.00 target price on Ballard Power Systems and gave the company a “hold” rating in a research report on Monday, July 31st. Finally, HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of Ballard Power Systems in a report on Friday, August 4th.

Ballard Power Systems (NASDAQ:BLDP) traded up 1.60% during mid-day trading on Tuesday, hitting $3.17. The stock had a trading volume of 1,764,942 shares. Ballard Power Systems has a 12 month low of $1.61 and a 12 month high of $3.48. The stock’s market cap is $559.01 million. The stock’s 50-day moving average price is $2.87 and its 200-day moving average price is $2.65.

Institutional investors have recently bought and sold shares of the stock. Bluestein R H & Co. boosted its position in 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. Renaissance Technologies LLC boosted its position in 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. KCG Holdings Inc. boosted its position in 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. First Trust Advisors LP boosted its position in 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. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Ballard Power Systems during the second quarter worth about $105,000. Institutional investors own 2.82% of the company’s stock.

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About Ballard Power Systems

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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