Insider Selling: Ballard Power Systems (TSE:BLDP) Insider Sells 2,368,422 Shares of Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 2,368,422 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$5.80, for a total transaction of C$13,736,847.60. Following the sale, the insider directly owned 39,252,826 shares in the company, valued at approximately C$227,666,390.80. This represents a 5.69% decrease in their position.

Ltd. Weichai Power Co. also recently made the following trade(s):

• On Monday, May 11th, Ltd. Weichai Power Co. sold 2,399,353 shares of Ballard Power Systems stock. The stock was sold at an average price of C$5.74, for a total transaction of C$13,772,286.22.
• On Friday, May 8th, Ltd. Weichai Power Co. sold 2,111,111 shares of Ballard Power Systems stock. The stock was sold at an average price of C$5.86, for a total transaction of C$12,371,110.46.

Ballard Power Systems Stock Performance

TSE:BLDP traded down C$0.01 during trading hours on Wednesday, hitting C$5.68. 1,376,330 shares of the company were exchanged, compared to its average volume of 867,917. The company has a debt-to-equity ratio of 3.62, a current ratio of 10.70 and a quick ratio of 13.57. Ballard Power Systems Inc. has a 52-week low of C$1.70 and a 52-week high of C$6.62. The company’s 50 day moving average price is C$3.95 and its 200-day moving average price is C$3.82. The stock has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -21.04, a PEG ratio of -2,030.00 and a beta of 0.64.

Ballard Power Systems (TSE:BLDP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C($0.06) EPS for the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. The business had revenue of C$27.00 million for the quarter. As a group, research analysts forecast that Ballard Power Systems Inc. will post -0.67 earnings per share for the current year.

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.