1 day Ago By Defense World Staff
Ballard Power Systems ( NASDAQ:BLDP – Get Free Report ) (TSE:BLD) ‘s stock had its “market perform” rating restated by Cormark in a research note issued on Monday, Benzinga reports. A number of other brokerages have also recently commented on BLDP. TD Securities cut shares of Ballard Power Systems from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $2.
50 to $1.50 in a research note on Monday, August 12th. National Bankshares dropped their price target on shares of Ballard Power Systems from $4.
00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 13th. Cibc World Mkts cut shares of Ballard Power Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th.
Wells Fargo & Company lowered their target price on shares of Ballard Power Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 13th.
Finally, Jefferies Financial Group cut their price target on Ballard Power Systems from $3.25 to $2.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th.
Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.
11. View Our Latest Stock Report on BLDP Ballard Power Systems Trading Up 2.4 % Ballard Power Systems ( NASDAQ:BLDP – Get Free Report ) (TSE:BLD) last announced its quarterly earnings data on Monday, August 12th.
The technology company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.
02. The firm had revenue of $16.00 million during the quarter, compared to analyst estimates of $19.
36 million. Ballard Power Systems had a negative net margin of 177.95% and a negative return on equity of 16.
20%. Ballard Power Systems’s revenue was up 4.6% on a year-over-year basis.
During the same period last year, the firm posted ($0.10) EPS. Analysts expect that Ballard Power Systems will post -0.
48 earnings per share for the current fiscal year. Institutional Trading of Ballard Power Systems Several institutional investors and hedge funds have recently modified their holdings of BLDP. Van ECK Associates Corp boosted its stake in shares of Ballard Power Systems by 8.
8% during the 2nd quarter. Van ECK Associates Corp now owns 2,321,782 shares of the technology company’s stock worth $5,224,000 after purchasing an additional 186,833 shares during the last quarter. Rafferty Asset Management LLC grew its stake in Ballard Power Systems by 49.
5% in the 4th quarter. Rafferty Asset Management LLC now owns 714,153 shares of the technology company’s stock worth $2,642,000 after acquiring an additional 236,449 shares during the period. TD Asset Management Inc raised its holdings in Ballard Power Systems by 1.
2% in the 2nd quarter. TD Asset Management Inc now owns 707,953 shares of the technology company’s stock valued at $1,599,000 after acquiring an additional 8,154 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Ballard Power Systems by 7.
3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 565,053 shares of the technology company’s stock worth $1,572,000 after purchasing an additional 38,662 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Ballard Power Systems by 25.
0% during the fourth quarter. Allianz Asset Management GmbH now owns 503,000 shares of the technology company’s stock worth $1,873,000 after purchasing an additional 100,700 shares during the last quarter. Hedge funds and other institutional investors own 28.
02% of the company’s stock. Ballard Power Systems Company Profile ( Get Free Report ) Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.
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