Shares of Ballard Power Systems Inc. (NASDAQ:BLDP – Get Free Report) (TSE:BLD) have earned a consensus rating of “Reduce” from the sixteen analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $2.77.
A number of analysts recently issued reports on the company. Susquehanna dropped their price objective on Ballard Power Systems from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Citigroup lowered their price target on shares of Ballard Power Systems from $3.50 to $2.00 and set a “neutral” rating on the stock in a report on Monday, September 30th. TD Cowen raised shares of Ballard Power Systems to a “strong sell” rating in a research note on Monday, January 13th. Hsbc Global Res lowered shares of Ballard Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of Ballard Power Systems to a “sell” rating in a report on Friday, November 1st.
Get Our Latest Report on Ballard Power Systems
Ballard Power Systems Trading Down 3.8 %
Hedge Funds Weigh In On Ballard Power Systems
Institutional investors and hedge funds have recently made changes to their positions in the business. First Commonwealth Financial Corp PA bought a new stake in Ballard Power Systems in the third quarter worth $27,000. Toronto Dominion Bank lifted its stake in shares of Ballard Power Systems by 300.0% in the 3rd quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company’s stock valued at $50,000 after acquiring an additional 20,949 shares during the last quarter. Scientech Research LLC bought a new stake in shares of Ballard Power Systems in the 2nd quarter valued at about $52,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Ballard Power Systems by 35.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company’s stock valued at $68,000 after acquiring an additional 10,767 shares during the period. Finally, MQS Management LLC bought a new position in Ballard Power Systems during the 2nd quarter worth approximately $79,000. Institutional investors own 28.02% of the company’s stock.
Ballard Power Systems Company Profile
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.
Recommended Stories
- Five stocks we like better than Ballard Power Systems
- Health Care Stocks Explained: Why You Might Want to Invest
- SAP’s Strong Momentum: A Bullish Setup for Investors
- High Dividend REITs: Are They an Ideal Way to Diversify?
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- Most active stocks: Dollar volume vs share volume
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
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.