Ballard Power Systems (BLDP) Set to Announce Quarterly Earnings on Monday

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) will announce its earnings results before the market opens on Monday, August 12th. Analysts expect Ballard Power Systems to post earnings of ($0.13) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Ballard Power Systems Price Performance

Shares of NASDAQ BLDP opened at $1.93 on Friday. The stock has a market cap of $577.83 million, a P/E ratio of -3.11 and a beta of 1.77. The firm’s 50-day simple moving average is $2.41 and its 200 day simple moving average is $2.80. Ballard Power Systems has a fifty-two week low of $1.85 and a fifty-two week high of $4.96. The company has a quick ratio of 10.88, a current ratio of 11.66 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

A number of research firms have commented on BLDP. Truist Financial restated a “hold” rating and set a $3.00 price target (down from $3.50) on shares of Ballard Power Systems in a research report on Wednesday, May 8th. CIBC dropped their target price on Ballard Power Systems from $3.75 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Wells Fargo & Company decreased their price target on Ballard Power Systems from $3.50 to $3.00 and set an “underweight” rating for the company in a research note on Thursday, May 9th. Jefferies Financial Group lowered their price target on Ballard Power Systems from $3.50 to $3.25 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Finally, TD Securities upped their price objective on Ballard Power Systems from $2.50 to $2.75 and gave the company a “hold” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $3.49.

About Ballard Power Systems

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 comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.