Ballard Power Systems Inc. (NASDAQ:BLDP)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $2.01 and last traded at $2.01, with a volume of 18,758,294 shares traded. The stock had previously closed at $1.39.

BLDP has been the topic of a number of recent research reports. Zacks Investment Research upgraded Ballard Power Systems from a “sell” rating to a “hold” rating and set a $1.50 target price on the stock in a report on Wednesday, June 29th. Roth Capital reiterated a “buy” rating and issued a $2.00 target price on shares of Ballard Power Systems in a report on Thursday, June 30th. Finally, FBR & Co reiterated a “hold” rating and issued a $1.50 target price on shares of Ballard Power Systems in a report on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1.86.

The company’s 50 day moving average price is $1.38 and its 200-day moving average price is $1.37. The company’s market capitalization is $315.35 million.

Ballard Power Systems (NASDAQ:BLDP) last posted its earnings results on Wednesday, April 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. On average, equities research analysts anticipate that Ballard Power Systems Inc. will post ($0.18) earnings per share for the current fiscal year.

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of fuel cell products. The Company is focused on its power product markets of heavy-duty motive, portable power, material handling and telecom backup power, as well as the delivery of technology solutions, including engineering services, and the license and sale of its intellectual property portfolio and fundamental knowledge for fuel cell applications.

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