Ballard Power Systems (BLDP) Earning Somewhat Positive News Coverage, Report Finds

Media stories about Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ballard Power Systems earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.1584300761591 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of Ballard Power Systems (NASDAQ:BLDP) opened at $4.27 on Friday. The company has a market cap of $759.93, a PE ratio of -106.75 and a beta of 2.50. Ballard Power Systems has a fifty-two week low of $1.81 and a fifty-two week high of $5.93. The company has a current ratio of 2.70, a quick ratio of 2.17 and a debt-to-equity ratio of 0.05.

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

A number of brokerages recently weighed in on BLDP. HC Wainwright reissued a “buy” rating and issued a $6.00 price target on shares of Ballard Power Systems in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Monday, November 6th. B. Riley reissued a “buy” rating on shares of Ballard Power Systems in a report on Friday, November 3rd. Cowen reissued a “hold” rating on shares of Ballard Power Systems in a report on Friday, November 3rd. Finally, Roth Capital set a $5.00 price target on shares of Ballard Power Systems and gave the stock a “hold” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.50.

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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.

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