Ballard Power Systems (BLDP) to Release Quarterly Earnings on Tuesday

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) will be posting its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Ballard Power Systems to post earnings of ($0.13) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its earnings results on Monday, August 12th. The technology company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The company had revenue of $16.00 million for the quarter, compared to the consensus estimate of $19.36 million. Ballard Power Systems had a negative return on equity of 16.20% and a negative net margin of 177.95%. Ballard Power Systems’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) earnings per share. On average, analysts expect Ballard Power Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ballard Power Systems Price Performance

NASDAQ BLDP opened at $1.62 on Monday. The company has a market capitalization of $485.06 million, a PE ratio of -2.57 and a beta of 1.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.05 and a current ratio of 10.90. The business’s fifty day moving average is $1.70 and its 200 day moving average is $2.23. Ballard Power Systems has a fifty-two week low of $1.52 and a fifty-two week high of $4.02.

Analysts Set New Price Targets

Several equities analysts have recently commented on BLDP shares. Wells Fargo & Company lowered their price objective on Ballard Power Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 13th. StockNews.com upgraded Ballard Power Systems to a “sell” rating in a research report on Friday. BMO Capital Markets decreased their target price on Ballard Power Systems from $2.25 to $1.70 and set an “underperform” rating on the stock in a research report on Tuesday, August 13th. Lake Street Capital decreased their target price on Ballard Power Systems from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Cibc World Mkts downgraded Ballard Power Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.89.

About Ballard Power Systems

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.