Ballard Power Systems (BLDP) Downgraded by BidaskClub to “Strong Sell”

BidaskClub downgraded shares of Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) from a sell rating to a strong sell rating in a research report sent to investors on Thursday morning.

BLDP has been the topic of several other research reports. Cowen reiterated a hold rating on shares of Ballard Power Systems in a report on Friday, November 3rd. B. Riley set a $6.00 price objective on Ballard Power Systems and gave the company a buy rating in a report on Tuesday, November 14th. HC Wainwright reiterated a buy rating and set a $6.00 price objective on shares of Ballard Power Systems in a report on Friday, November 3rd. Zacks Investment Research cut Ballard Power Systems from a buy rating to a hold rating in a report on Monday, November 6th. Finally, FBR & Co reiterated a buy rating and set a $6.00 price objective on shares of Ballard Power Systems in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Ballard Power Systems currently has an average rating of Hold and a consensus price target of $5.50.

Shares of Ballard Power Systems (NASDAQ:BLDP) traded down $0.04 on Thursday, reaching $3.96. The company’s stock had a trading volume of 864,006 shares, compared to its average volume of 1,230,000. Ballard Power Systems has a 12-month low of $1.84 and a 12-month high of $5.93. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.70. The company has a market capitalization of $704.61, a PE ratio of -99.00 and a beta of 2.50.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). Ballard Power Systems had a negative return on equity of 4.36% and a negative net margin of 5.57%. The business had revenue of $31.90 million for the quarter, compared to analysts’ expectations of $28.33 million. During the same quarter in the previous year, the business posted ($0.02) EPS. Ballard Power Systems’s revenue for the quarter was up 54.9% on a year-over-year basis. equities analysts expect that Ballard Power Systems will post -0.04 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in BLDP. First Trust Advisors LP lifted its holdings in shares of 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 purchasing an additional 26,314 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Ballard Power Systems in the 2nd quarter valued at approximately $105,000. First Manhattan Co. acquired a new stake in Ballard Power Systems in the 3rd quarter valued at approximately $126,000. Bluestein R H & Co. raised its position in Ballard Power Systems by 11.2% in the 3rd quarter. Bluestein R H & Co. now owns 233,000 shares of the technology company’s stock valued at $1,090,000 after buying an additional 23,500 shares during the last quarter. Finally, PEAK6 Investments L.P. raised its position in Ballard Power Systems by 556.3% in the 3rd quarter. PEAK6 Investments L.P. now owns 216,984 shares of the technology company’s stock valued at $1,015,000 after buying an additional 183,921 shares during the last quarter. Institutional investors and hedge funds own 3.06% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/01/19/ballard-power-systems-bldp-downgraded-by-bidaskclub-to-strong-sell.html.

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.

Analyst Recommendations for Ballard Power Systems (NASDAQ:BLDP)

Receive News & Ratings for Ballard Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply