Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) shares shot up 6.3% during mid-day trading on Thursday . The stock traded as high as $24.73 and last traded at $24.72. 195,303 shares changed hands during trading, a decline of 97% from the average session volume of 6,961,579 shares. The stock had previously closed at $23.26.

Several research firms recently issued reports on BLDP. HC Wainwright restated a “hold” rating on shares of Ballard Power Systems in a research report on Friday, March 12th. TD Securities reduced their price target on Ballard Power Systems from $40.00 to $30.00 and set a “speculative buy” rating on the stock in a research report on Friday, March 12th. Zacks Investment Research lowered Ballard Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, March 17th. National Bank Financial cut their price objective on Ballard Power Systems from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, March 12th. Finally, BMO Capital Markets lifted their price objective on Ballard Power Systems from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, March 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ballard Power Systems has a consensus rating of “Buy” and an average target price of $32.17.

The company has a 50 day moving average price of $25.90 and a two-hundred day moving average price of $23.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.10 and a quick ratio of 8.36. The stock has a market cap of $7.34 billion, a PE ratio of -122.85 and a beta of 1.74.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its quarterly earnings data on Tuesday, March 9th. The technology company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). Ballard Power Systems had a negative return on equity of 14.00% and a negative net margin of 40.04%. The firm had revenue of $28.59 million during the quarter, compared to the consensus estimate of $29.55 million. As a group, equities analysts predict that Ballard Power Systems Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Reilly Financial Advisors LLC bought a new stake in shares of Ballard Power Systems in the fourth quarter worth $29,000. Perigon Wealth Management LLC bought a new stake in shares of Ballard Power Systems in the fourth quarter worth $176,000. Morgan Stanley grew its holdings in Ballard Power Systems by 4.3% during the third quarter. Morgan Stanley now owns 1,962,472 shares of the technology company’s stock valued at $29,634,000 after purchasing an additional 80,966 shares during the period. Amundi Pioneer Asset Management Inc. grew its holdings in Ballard Power Systems by 595.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 163,379 shares of the technology company’s stock valued at $3,823,000 after purchasing an additional 139,879 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in Ballard Power Systems during the fourth quarter valued at about $471,000. 18.38% of the stock is owned by institutional investors.

About Ballard Power Systems (NASDAQ:BLDP)

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

Read More: How Buying a Call Option Works

Receive News & Ratings for Ballard Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.