Ballard Power Systems (TSE:BLDP) Insider Sells C$13,736,847.60 in Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 2,368,422 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$5.80, for a total transaction of C$13,736,847.60. Following the completion of the transaction, the insider owned 39,252,826 shares of the company’s stock, valued at C$227,666,390.80. This represents a 5.69% decrease in their position.

Ltd. Weichai Power Co. also recently made the following trade(s):

• On Thursday, May 14th, Ltd. Weichai Power Co. sold 923,000 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.67, for a total transaction of C$5,233,410.00.
• On Monday, May 11th, Ltd. Weichai Power Co. sold 2,399,353 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.74, for a total transaction of C$13,772,286.22.
• On Friday, May 8th, Ltd. Weichai Power Co. sold 2,111,111 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.86, for a total transaction of C$12,371,110.46.

Ballard Power Systems Price Performance

Shares of TSE:BLDP opened at C$6.09 on Friday. The company has a 50-day simple moving average of C$4.07 and a 200-day simple moving average of C$3.84. Ballard Power Systems Inc. has a one year low of C$1.70 and a one year high of C$6.62. The company has a debt-to-equity ratio of 3.62, a quick ratio of 13.57 and a current ratio of 10.70. The stock has a market capitalization of C$1.84 billion, a price-to-earnings ratio of -22.56, a PEG ratio of -2,030.00 and a beta of 0.64.

Ballard Power Systems (TSE:BLDP) last announced its earnings results on Tuesday, May 5th. The company reported C($0.06) EPS for the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. The business had revenue of C$27.00 million during the quarter. On average, analysts predict that Ballard Power Systems Inc. will post -0.67 EPS for the current year.

Ballard Power Systems Company Profile

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.