Ballard Power Systems Inc. (BLDP) Stock Price Down 3.3%
Ballard Power Systems Inc. (NASDAQ:BLDP) shares fell 3.3% during mid-day trading on Monday . The company traded as low as $1.98 and last traded at $2.04, with a volume of 1,898,129 shares changing hands. The stock had previously closed at $2.11.
A number of brokerages have issued reports on BLDP. FBR & Co reaffirmed an “outperform” rating and issued a $3.00 target price on shares of Ballard Power Systems in a report on Friday. Roth Capital reaffirmed a “buy” rating and issued a $2.50 target price on shares of Ballard Power Systems in a report on Sunday, August 14th. Finally, Zacks Investment Research cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $2.16.
The firm’s market capitalization is $318.60 million. The firm has a 50-day moving average price of $1.75 and a 200 day moving average price of $1.47.
Ballard Power Systems (NASDAQ:BLDP) last released its earnings results on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The business earned $17.60 million during the quarter, compared to the consensus estimate of $18.32 million. Equities analysts predict that Ballard Power Systems Inc. will post ($0.15) earnings per share 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.
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