Ballard Power Systems (BLDP) Expected to Announce Earnings on Thursday

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) is anticipated to announce its earnings results before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.18) per share and revenue of $28.55 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Ballard Power Systems Trading Down 2.4 %

BLDP opened at $1.24 on Thursday. Ballard Power Systems has a one year low of $1.08 and a one year high of $3.38. The company has a market cap of $371.30 million, a P/E ratio of -1.13 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01. The business’s 50-day simple moving average is $1.50 and its 200-day simple moving average is $1.58.

Analyst Ratings Changes

A number of research analysts have recently commented on BLDP shares. CIBC dropped their price objective on Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating on the stock in a report on Wednesday, December 4th. Hsbc Global Res downgraded Ballard Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. HSBC downgraded Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, TD Cowen upgraded Ballard Power Systems to a “strong sell” rating in a report on Monday, January 13th. Seven research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Ballard Power Systems currently has a consensus rating of “Hold” and a consensus target price of $2.77.

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.