Shares of Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $3.50.

Several research analysts recently commented on the stock. BidaskClub upgraded shares of Ballard Power Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. TheStreet upgraded shares of Ballard Power Systems from a “d” rating to a “c-” rating in a research note on Monday, March 25th. Finally, Zacks Investment Research upgraded shares of Ballard Power Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 13th.

A number of institutional investors have recently modified their holdings of BLDP. Morgan Stanley increased its stake in Ballard Power Systems by 42.6% during the 1st quarter. Morgan Stanley now owns 1,013,824 shares of the technology company’s stock valued at $3,052,000 after purchasing an additional 302,994 shares in the last quarter. Lombard Odier Asset Management USA Corp increased its stake in Ballard Power Systems by 288.0% during the 1st quarter. Lombard Odier Asset Management USA Corp now owns 242,500 shares of the technology company’s stock valued at $730,000 after purchasing an additional 180,000 shares in the last quarter. ETF Managers Group LLC acquired a new position in Ballard Power Systems during the 4th quarter valued at approximately $222,000. First Trust Advisors LP increased its stake in Ballard Power Systems by 31.4% during the 4th quarter. First Trust Advisors LP now owns 217,448 shares of the technology company’s stock valued at $520,000 after purchasing an additional 51,926 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in Ballard Power Systems by 57.4% during the 1st quarter. Alps Advisors Inc. now owns 126,222 shares of the technology company’s stock valued at $380,000 after purchasing an additional 46,046 shares in the last quarter. Institutional investors and hedge funds own 2.22% of the company’s stock.

Shares of NASDAQ BLDP remained flat at $$3.86 during trading hours on Thursday. 1,354,133 shares of the company traded hands, compared to its average volume of 901,453. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.67 and a current ratio of 5.35. The company has a market cap of $896.79 million, a price-to-earnings ratio of -29.69 and a beta of 2.16. Ballard Power Systems has a 1 year low of $2.25 and a 1 year high of $4.62.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $16.00 million during the quarter, compared to analyst estimates of $20.63 million. Ballard Power Systems had a negative net margin of 36.58% and a negative return on equity of 14.37%. Ballard Power Systems’s revenue was down 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. Analysts anticipate that Ballard Power Systems will post -0.16 EPS for the current year.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.

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