Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) saw an uptick in trading volume on Wednesday . 18,376,148 shares traded hands during trading, an increase of 1,755% from the previous session’s volume of 990,600 shares.The stock last traded at $4.72 and had previously closed at $3.71.

A number of analysts have commented on the stock. BidaskClub cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. FBR & Co set a $4.00 target price on shares of Ballard Power Systems and gave the company a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Cowen and Company set a $3.00 target price on shares of Ballard Power Systems and gave the company a “hold” rating in a report on Monday, August 14th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of Ballard Power Systems in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.25.

The stock has a 50 day moving average price of $2.95 and a 200 day moving average price of $2.73. The stock’s market capitalization is $832.34 million.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bluestein R H & Co. lifted its stake in Ballard Power Systems by 12.5% during the 1st quarter. Bluestein R H & Co. now owns 225,000 shares of the technology company’s stock valued at $500,000 after acquiring an additional 25,000 shares during the period. First Trust Advisors LP lifted its stake in Ballard Power Systems by 16.9% during the 2nd quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock valued at $528,000 after acquiring an additional 26,314 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Ballard Power Systems during the 2nd quarter valued at approximately $105,000. Renaissance Technologies LLC lifted its stake in Ballard Power Systems by 483.1% during the 1st quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock valued at $368,000 after acquiring an additional 137,200 shares during the period. Finally, KCG Holdings Inc. lifted its stake in Ballard Power Systems by 220.0% during the 1st quarter. KCG Holdings Inc. now owns 204,521 shares of the technology company’s stock valued at $454,000 after acquiring an additional 140,603 shares during the period. Institutional investors and hedge funds 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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