Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) shares saw strong trading volume on Friday . 5,102,650 shares changed hands during mid-day trading, an increase of 138% from the previous session’s volume of 2,148,440 shares.The stock last traded at $5.10 and had previously closed at $4.77.

A number of analysts have issued reports on the stock. BidaskClub cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Cowen and Company lifted their target price on shares of Ballard Power Systems from $3.00 to $4.50 and gave the company a “market perform” rating in a research note on Friday, September 15th. FBR & Co set a $4.00 target price on shares of Ballard Power Systems and gave the company a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, HC Wainwright reiterated a “buy” rating and issued a $6.00 target price on shares of Ballard Power Systems in a research note on Tuesday, September 26th. 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 company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.55.

The company’s 50-day moving average price is $3.92 and its 200-day moving average price is $3.07. The stock’s market cap is $899.35 million.

A number of large investors have recently added to or reduced their stakes in BLDP. KCG Holdings Inc. boosted its holdings in shares of Ballard Power Systems by 220.0% in the 1st quarter. KCG Holdings Inc. now owns 204,521 shares of the technology company’s stock valued at $454,000 after buying an additional 140,603 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Ballard Power Systems by 16.9% in the 2nd quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock valued at $528,000 after buying an additional 26,314 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Ballard Power Systems by 483.1% in the 1st quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock valued at $368,000 after buying an additional 137,200 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ballard Power Systems in the 2nd quarter valued at approximately $105,000. 2.81% of the stock is owned by hedge funds and other institutional investors.

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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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