Ballard Power Systems Inc. (BLDP) Trading Up 3%
Shares of Ballard Power Systems Inc. (NASDAQ:BLDP) shot up 3% on Tuesday . The company traded as high as $2.14 and last traded at $2.09, with a volume of 749,225 shares traded. The stock had previously closed at $2.03.
A number of brokerages recently weighed in on BLDP. Zacks Investment Research cut shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. FBR & Co reiterated a “hold” rating and set a $1.50 price target on shares of Ballard Power Systems in a research note on Tuesday, July 12th. Finally, Roth Capital reiterated a “buy” rating and set a $2.00 price target on shares of Ballard Power Systems in a research note on Thursday, June 30th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $2.16.
The stock’s market capitalization is $312.32 million. The company has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.49.
Ballard Power Systems (NASDAQ:BLDP) last released its quarterly earnings data 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 analyst estimates of $18.32 million. Analysts expect 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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