Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD)’s share price rose 6.1% during trading on Wednesday . The company traded as high as $3.28 and last traded at $3.28. Approximately 1,664,831 shares changed hands during trading, an increase of 75% from the average daily volume of 949,008 shares. The stock had previously closed at $3.09.

BLDP has been the subject of a number of research analyst reports. FBR & Co reaffirmed a “buy” rating on shares of Ballard Power Systems in a research report on Wednesday. Zacks Investment Research raised shares of Ballard Power Systems from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Tuesday, July 4th. BidaskClub raised shares of Ballard Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 14th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of Ballard Power Systems in a research report on Friday, August 4th. Finally, Roth Capital set a $3.00 price objective on shares of Ballard Power Systems and gave the stock a “hold” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.25.

The firm has a 50 day moving average price of $2.91 and a 200-day moving average price of $2.70. The stock’s market capitalization is $608.39 million.

Large investors have recently made changes to their positions in the business. Bluestein R H & Co. grew its stake in Ballard Power Systems by 12.5% in the 1st quarter. Bluestein R H & Co. now owns 225,000 shares of the technology company’s stock valued at $500,000 after purchasing an additional 25,000 shares during the period. KCG Holdings Inc. grew its stake in shares of Ballard Power Systems by 220.0% during the 1st quarter. KCG Holdings Inc. now owns 204,521 shares of the technology company’s stock worth $454,000 after acquiring an additional 140,603 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Ballard Power Systems during the 2nd quarter worth $105,000. First Trust Advisors LP grew its stake in shares of Ballard Power Systems by 16.9% during the 2nd quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock worth $528,000 after acquiring an additional 26,314 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Ballard Power Systems by 483.1% during the 1st quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock worth $368,000 after acquiring an additional 137,200 shares during the period. Hedge funds and other institutional investors own 2.82% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.dailypolitical.com/2017/09/08/ballard-power-systems-inc-bldp-stock-price-up-6-1-2.html.

Ballard Power Systems Company Profile

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.