Equities analysts predict that Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) will report sales of $22.10 million for the current quarter, according to Zacks. Two analysts have provided estimates for Ballard Power Systems’ earnings. The highest sales estimate is $22.20 million and the lowest is $22.00 million. Ballard Power Systems reported sales of $26.45 million during the same quarter last year, which would suggest a negative year over year growth rate of 16.4%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Ballard Power Systems will report full year sales of $95.50 million for the current year, with estimates ranging from $93.90 million to $97.10 million. For the next financial year, analysts expect that the business will report sales of $136.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Ballard Power Systems had a negative net margin of 36.58% and a negative return on equity of 14.37%. The company had revenue of $16.00 million during the quarter, compared to the consensus estimate of $20.63 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The firm’s quarterly revenue was down 20.4% on a year-over-year basis.

A number of brokerages recently issued reports on BLDP. TheStreet cut shares of AMERCO from a “b” rating to a “c+” rating in a research note on Monday, March 25th. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Roth Capital reissued a “sell” rating on shares of Ballard Power Systems in a research note on Monday, July 1st. Finally, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Ballard Power Systems currently has an average rating of “Hold” and an average target price of $3.70.

Shares of NASDAQ BLDP traded up $0.05 during midday trading on Monday, reaching $4.04. The company’s stock had a trading volume of 341,800 shares, compared to its average volume of 780,709. The company has a current ratio of 5.35, a quick ratio of 4.67 and a debt-to-equity ratio of 0.06. Ballard Power Systems has a fifty-two week low of $2.25 and a fifty-two week high of $4.62. The stock’s 50 day moving average price is $3.94. The firm has a market cap of $946.66 million, a P/E ratio of -31.08 and a beta of 1.78.

Several hedge funds and other institutional investors have recently bought and sold shares of BLDP. First Trust Advisors LP grew its stake in shares of Ballard Power Systems by 31.4% during the fourth quarter. First Trust Advisors LP now owns 217,448 shares of the technology company’s stock worth $520,000 after buying an additional 51,926 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Ballard Power Systems by 57.4% during the first quarter. Alps Advisors Inc. now owns 126,222 shares of the technology company’s stock worth $380,000 after buying an additional 46,046 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Ballard Power Systems during the fourth quarter worth $81,000. Two Sigma Securities LLC bought a new stake in shares of Ballard Power Systems during the fourth quarter worth $54,000. Finally, Toronto Dominion Bank grew its stake in shares of Ballard Power Systems by 87.6% during the first quarter. Toronto Dominion Bank now owns 32,737 shares of the technology company’s stock worth $99,000 after buying an additional 15,286 shares during the last quarter. 2.58% of the stock is currently 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 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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