Equities analysts predict that Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) will announce earnings per share (EPS) of ($0.02) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ballard Power Systems’ earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.03). Ballard Power Systems posted earnings of ($0.01) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 100%. The company is expected to report its next earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Ballard Power Systems will report full-year earnings of ($0.07) per share for the current financial year, with EPS estimates ranging from ($0.09) to ($0.06). For the next fiscal year, analysts forecast that the firm will report earnings of $0.01 per share, with EPS estimates ranging from ($0.03) to $0.05. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its earnings results on Wednesday, August 1st. The technology company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The business had revenue of $26.45 million during the quarter, compared to analyst estimates of $23.33 million. Ballard Power Systems had a negative return on equity of 9.99% and a negative net margin of 11.58%.

A number of equities research analysts have weighed in on the company. HC Wainwright set a $6.00 target price on Ballard Power Systems and gave the company a “buy” rating in a research report on Tuesday, June 12th. BidaskClub lowered Ballard Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. B. Riley set a $5.00 target price on Ballard Power Systems and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research raised Ballard Power Systems from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research report on Wednesday, August 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ballard Power Systems currently has an average rating of “Hold” and a consensus target price of $4.58.

Shares of NASDAQ BLDP opened at $3.77 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.64 and a quick ratio of 1.83. The firm has a market cap of $688.40 million, a price-to-earnings ratio of -125.67 and a beta of 1.69. Ballard Power Systems has a twelve month low of $2.57 and a twelve month high of $5.93.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global X Management Co LLC bought a new position in shares of Ballard Power Systems in the 2nd quarter worth $231,000. Herald Investment Management Ltd raised its position in shares of Ballard Power Systems by 102.5% in the 2nd quarter. Herald Investment Management Ltd now owns 640,000 shares of the technology company’s stock worth $1,817,000 after acquiring an additional 324,000 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Ballard Power Systems by 49.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 92,640 shares of the technology company’s stock worth $264,000 after acquiring an additional 30,694 shares in the last quarter. Royal Bank of Canada raised its position in shares of Ballard Power Systems by 38.8% in the 1st quarter. Royal Bank of Canada now owns 140,805 shares of the technology company’s stock worth $500,000 after acquiring an additional 39,370 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. raised its position in shares of Ballard Power Systems by 16.6% in the 1st quarter. PCJ Investment Counsel Ltd. now owns 140,410 shares of the technology company’s stock worth $500,000 after acquiring an additional 20,000 shares in the last quarter. 3.78% of the stock is owned by hedge funds and other institutional investors.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.

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