Ballard Power Systems Inc. (NASDAQ:BLDP)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $2.38 and last traded at $2.22, with a volume of 8,914,256 shares. The stock had previously closed at $1.97.

Several research firms recently weighed in on BLDP. FBR & Co reiterated a “hold” rating on shares of Ballard Power Systems in a research report on Thursday, April 28th. Zacks Investment Research downgraded Ballard Power Systems from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. Finally, Roth Capital reiterated a “buy” rating and set a $2.00 target price on shares of Ballard Power Systems in a research report on Thursday, June 30th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Ballard Power Systems has a consensus rating of “Buy” and a consensus target price of $2.26.

The firm’s market cap is $331.15 million. The company’s 50 day moving average price is $1.75 and its 200-day moving average price is $1.47.

Ballard Power Systems (NASDAQ:BLDP) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $17.60 million for the quarter, compared to analyst estimates of $18.32 million. Equities analysts predict that Ballard Power Systems Inc. will post ($0.15) EPS for the current 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.