Cowen and Company Reaffirms Hold Rating for Ballard Power Systems, Inc. (BLDP)

Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD)‘s stock had its “hold” rating reissued by stock analysts at Cowen and Company in a research report issued to clients and investors on Friday.

A number of other equities analysts have also commented on the company. FBR & Co restated a “buy” rating on shares of Ballard Power Systems in a research note on Wednesday, September 6th. HC Wainwright restated a “buy” rating and set a $6.00 price objective (up previously from $3.00) on shares of Ballard Power Systems in a research note on Friday, September 15th. BidaskClub upgraded Ballard Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. Zacks Investment Research lowered Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Roth Capital set a $3.00 price objective on Ballard Power Systems and gave the stock a “hold” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.40.

Ballard Power Systems (NASDAQ BLDP) traded up $0.57 during trading on Friday, reaching $5.64. The company’s stock had a trading volume of 5,236,268 shares, compared to its average volume of 2,299,535.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Ballard Power Systems had a negative return on equity of 4.37% and a negative net margin of 5.57%. The firm had revenue of $31.90 million for the quarter, compared to analyst estimates of $28.33 million. During the same quarter last year, the company earned ($0.02) EPS. The company’s revenue was up 54.9% on a year-over-year basis. equities analysts forecast that Ballard Power Systems will post -0.05 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Cowen and Company Reaffirms Hold Rating for Ballard Power Systems, Inc. (BLDP)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.com-unik.info/2017/11/03/cowen-and-company-reaffirms-hold-rating-for-ballard-power-systems-inc-bldp.html.

Several institutional investors and hedge funds have recently modified their holdings of the company. First Manhattan Co. bought a new position in shares of Ballard Power Systems in the 3rd quarter valued at $126,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ballard Power Systems in the 2nd quarter valued at $105,000. First Trust Advisors LP increased its stake 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 purchasing an additional 26,314 shares during the last quarter. KCG Holdings Inc. increased its stake 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 purchasing an additional 140,603 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake 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 purchasing an additional 137,200 shares during the last quarter. Institutional investors own 2.80% of the company’s stock.

Ballard Power Systems Company Profile

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.

What are top analysts saying about Ballard Power Systems Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ballard Power Systems Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit