Ballard Power Systems (BLDP) Upgraded at BidaskClub
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.
A number of other equities analysts have also recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 target price on shares of Ballard Power Systems in a report on Thursday, December 13th. Zacks Investment Research cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.45.
Shares of NASDAQ:BLDP opened at $3.27 on Thursday. The company has a market cap of $588.54 million, a PE ratio of -25.15 and a beta of 2.19. The company has a quick ratio of 4.87, a current ratio of 5.48 and a debt-to-equity ratio of 0.02. Ballard Power Systems has a twelve month low of $2.25 and a twelve month high of $4.62.
Institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. increased its stake in Ballard Power Systems by 10.2% in the 4th quarter. Alps Advisors Inc. now owns 80,176 shares of the technology company’s stock valued at $192,000 after buying an additional 7,401 shares during the period. Morgan Stanley increased its stake in Ballard Power Systems by 37.4% in the 3rd quarter. Morgan Stanley now owns 780,867 shares of the technology company’s stock valued at $3,356,000 after buying an additional 212,364 shares during the period. HRT Financial LLC acquired a new position in Ballard Power Systems in the 3rd quarter valued at $132,000. CIBC World Markets Inc. acquired a new position in Ballard Power Systems in the 3rd quarter valued at $174,000. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Ballard Power Systems in the 3rd quarter valued at $215,000. 2.77% of the stock is currently owned by institutional investors and hedge funds.
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 worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.
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