Ballard Power Systems Inc. (TSE:BLDP – Get Rating) shares traded up 14.9% on Thursday . The company traded as high as C$10.78 and last traded at C$10.42. 686,844 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 1,430,480 shares. The stock had previously closed at C$9.07.
Analysts Set New Price Targets
BLDP has been the topic of several research analyst reports. Piper Sandler initiated coverage on Ballard Power Systems in a research note on Wednesday, June 8th. They set a “sell” rating and a C$5.00 target price on the stock. Truist Financial initiated coverage on Ballard Power Systems in a research note on Monday, May 2nd. They set a “hold” rating and a C$13.00 target price on the stock. Eight Capital lowered their target price on Ballard Power Systems from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Wednesday. B. Riley lowered their target price on Ballard Power Systems to C$12.00 and set a “buy” rating on the stock in a research note on Tuesday, May 10th. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a C$9.00 target price on shares of Ballard Power Systems in a research note on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$11.95.
Ballard Power Systems Trading Down 0.4 %
The company has a fifty day moving average price of C$8.85 and a 200-day moving average price of C$11.28. The company has a current ratio of 15.36, a quick ratio of 14.51 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of C$3.07 billion and a price-to-earnings ratio of -17.22.
Ballard Power Systems Company Profile
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power.
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