BidaskClub cut shares of Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) from a sell rating to a strong sell rating in a report issued on Friday.
A number of other analysts have also recently weighed in on BLDP. B. Riley set a $6.00 price target on shares of Ballard Power Systems and gave the stock a buy rating in a research note on Tuesday, November 14th. Zacks Investment Research cut shares of Ballard Power Systems from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Roth Capital set a $5.00 price target on shares of Ballard Power Systems and gave the stock a hold rating in a research note on Thursday, January 4th. ValuEngine cut shares of Ballard Power Systems from a hold rating to a sell rating in a research note on Thursday, March 1st. Finally, Cowen set a $4.00 target price on shares of Ballard Power Systems and gave the stock a hold rating in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $4.88.
Shares of Ballard Power Systems (BLDP) opened at $3.31 on Friday. The firm has a market cap of $584.63, a price-to-earnings ratio of -66.20 and a beta of 2.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.61. Ballard Power Systems has a 52 week low of $1.99 and a 52 week high of $5.93.
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Ballard Power Systems Company Profile
Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.
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