Ballard Power Systems Inc. (BLDP) Trading 3% Higher
Shares of Ballard Power Systems Inc. (NASDAQ:BLDP) traded up 3% during trading on Tuesday . The stock traded as high as $2.14 and last traded at $2.09, with a volume of 749,225 shares trading hands. The stock had previously closed at $2.03.
Several analysts have recently commented on the stock. FBR & Co restated an “outperform” rating and set a $3.00 price objective on shares of Ballard Power Systems in a research report on Friday. Roth Capital restated a “buy” rating and set a $2.50 price objective on shares of Ballard Power Systems in a research report on Sunday, August 14th. Finally, Zacks Investment Research downgraded shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Two 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 company’s stock. The stock presently has an average rating of “Buy” and an average price target of $2.16.
The company’s market cap is $326.45 million. The stock’s 50 day moving average price is $1.77 and its 200 day moving average price is $1.48.
Ballard Power Systems (NASDAQ:BLDP) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The business earned $17.60 million during the quarter, compared to analysts’ expectations of $18.32 million. 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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