Ballard Power Systems Inc. (BLDP) Shares Down 2.4%
Ballard Power Systems Inc. (NASDAQ:BLDP) traded down 2.4% on Tuesday . The company traded as low as $2.04 and last traded at $2.07, with a volume of 776,375 shares changing hands. The stock had previously closed at $2.12.
A number of equities research analysts have weighed in on the company. FBR & Co reaffirmed a “hold” rating and set a $1.50 target price on shares of Ballard Power Systems in a research report on Tuesday, July 12th. Roth Capital reaffirmed a “buy” rating and set a $2.00 target price on shares of Ballard Power Systems in a research report on Thursday, June 30th. Zacks Investment Research raised Ballard Power Systems from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research report on Monday, August 1st. Finally, TheStreet raised Ballard Power Systems from a “sell” rating to a “hold” rating in a research report on Friday, August 26th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Ballard Power Systems currently has a consensus rating of “Buy” and a consensus target price of $2.16.
The company has a 50-day moving average of $1.88 and a 200-day moving average of $1.51. The company’s market capitalization is $324.88 million.
Ballard Power Systems (NASDAQ:BLDP) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The company earned $17.60 million during the quarter, compared to analyst estimates of $18.32 million. On average, equities research analysts anticipate 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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