A number of other research firms have also recently weighed in on BLDP. Zacks Investment Research upgraded Ballard Power Systems from a “sell” rating to a “hold” rating in a report on Monday, May 13th. TheStreet upgraded Ballard Power Systems from a “d” rating to a “c-” rating in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $3.45.
BLDP opened at $3.86 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.35 and a quick ratio of 4.67. Ballard Power Systems has a 1-year low of $2.25 and a 1-year high of $4.62.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BLDP. Morgan Stanley grew its holdings in shares of Ballard Power Systems by 42.6% in the 1st quarter. Morgan Stanley now owns 1,013,824 shares of the technology company’s stock worth $3,052,000 after acquiring an additional 302,994 shares during the period. Lombard Odier Asset Management USA Corp lifted its stake in Ballard Power Systems by 288.0% in the 1st quarter. Lombard Odier Asset Management USA Corp now owns 242,500 shares of the technology company’s stock valued at $730,000 after buying an additional 180,000 shares in the last quarter. First Trust Advisors LP lifted its stake in Ballard Power Systems by 31.4% in the 4th quarter. First Trust Advisors LP now owns 217,448 shares of the technology company’s stock valued at $520,000 after buying an additional 51,926 shares in the last quarter. Alps Advisors Inc. lifted its stake in Ballard Power Systems by 57.4% in the 1st quarter. Alps Advisors Inc. now owns 126,222 shares of the technology company’s stock valued at $380,000 after buying an additional 46,046 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Ballard Power Systems in the 4th quarter valued at approximately $81,000. Institutional investors and hedge funds own 2.59% of the company’s stock.
Ballard Power Systems Company Profile
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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