155675 (BLD.TO) (TSE:BLD) Downgraded by Hsbc Global Res to “Hold”

Hsbc Global Res cut shares of 155675 (BLD.TO) (TSE:BLD) (NASDAQ:BLDP) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on BLD. Cibc World Mkts downgraded shares of 155675 (BLD.TO) from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Cormark cut shares of 155675 (BLD.TO) from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, TD Securities downgraded shares of 155675 (BLD.TO) from a “hold” rating to a “strong sell” rating in a research report on Monday, August 12th.

155675 (BLD.TO) Price Performance

155675 has a 12 month low of C$49.61 and a 12 month high of C$2.32.

155675 (BLD.TO) (TSE:BLD) (NASDAQ:BLDP) last released its quarterly earnings results on Tuesday, November 5th. The company reported C($0.26) EPS for the quarter, missing analysts’ consensus estimates of C($0.18) by C($0.08). The company had revenue of C$20.13 million during the quarter, compared to analyst estimates of C$33.89 million.

155675 (BLD.TO) 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.