Ballard Power Systems Inc. (NASDAQ:BLDP) shot up 5.2% during trading on Monday . The stock traded as high as $2.04 and last traded at $2.03, with a volume of 538,945 shares traded. The stock had previously closed at $1.93.

Several research firms recently commented on BLDP. FBR & Co reiterated a “market perform” rating and issued a $1.50 price objective on shares of Ballard Power Systems in a report on Thursday, May 19th. Roth Capital reiterated a “buy” rating on shares of Ballard Power Systems in a report on Tuesday, July 19th. Finally, Zacks Investment Research upgraded Ballard Power Systems from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a report on Monday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ballard Power Systems currently has an average rating of “Buy” and a consensus price target of $2.18.

The stock’s market capitalization is $318.48 million. The stock’s 50 day moving average price is $1.50 and its 200-day moving average price is $1.41.

Ballard Power Systems (NASDAQ:BLDP) last posted 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 firm had revenue of $17.60 million for the quarter, compared to the consensus estimate of $18.32 million. Analysts anticipate that Ballard Power Systems Inc. will post ($0.14) 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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