Ballard Power Systems (NASDAQ:BLDP – Free Report) (TSE:BLD) had its price objective cut by Roth Mkm from $1.75 to $1.25 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.
A number of other research analysts also recently issued reports on BLDP. TD Cowen upgraded Ballard Power Systems to a “strong sell” rating in a research note on Monday, January 13th. BMO Capital Markets cut their price objective on Ballard Power Systems from $1.30 to $1.20 and set an “underperform” rating for the company in a research note on Friday. Finally, CIBC cut their price objective on Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating for the company in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $2.31.
Read Our Latest Research Report on Ballard Power Systems
Ballard Power Systems Trading Up 3.1 %
Hedge Funds Weigh In On Ballard Power Systems
Hedge funds have recently bought and sold shares of the business. First Commonwealth Financial Corp PA bought a new position in Ballard Power Systems in the 3rd quarter valued at $27,000. Raymond James Financial Inc. bought a new position in Ballard Power Systems in the 4th quarter valued at $27,000. Toronto Dominion Bank grew its position in Ballard Power Systems by 300.0% in the 3rd quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company’s stock valued at $50,000 after acquiring an additional 20,949 shares during the last quarter. Headlands Technologies LLC bought a new position in Ballard Power Systems in the 4th quarter valued at $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Ballard Power Systems by 35.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company’s stock valued at $68,000 after acquiring an additional 10,767 shares during the last quarter. Institutional investors own 28.02% of the company’s stock.
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.
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