Ballard Power Systems Inc. (NASDAQ:BLDP) hit a new 52-week high on Wednesday . The stock traded as high as $2.12 and last traded at $2.01, with a volume of 4,676,592 shares traded. The stock had previously closed at $1.83.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday. Roth Capital reissued a “buy” rating on shares of Ballard Power Systems in a report on Tuesday, July 19th. Finally, FBR & Co reissued a “hold” rating on shares of Ballard Power Systems in a report on Thursday, April 28th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1.86.

The stock’s market cap is $320.06 million. The stock’s 50 day moving average is $1.45 and its 200 day moving average is $1.39.

Ballard Power Systems (NASDAQ:BLDP) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The company earned $17.60 million during the quarter, compared to analyst estimates of $18.32 million. On average, equities analysts expect that Ballard Power Systems Inc. will post ($0.18) EPS 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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