Ballard Power Systems (NASDAQ:BLDP – Free Report) (TSE:BLD) had its target price lowered by National Bankshares from $2.60 to $2.00 in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the technology company’s stock.
Other analysts have also recently issued reports about the company. CIBC lowered their price target on Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating on the stock in a research report on Wednesday, December 4th. Raymond James lowered their target price on shares of Ballard Power Systems from $2.50 to $2.00 and set a “market perform” rating on the stock in a report on Friday. Roth Mkm cut their price target on shares of Ballard Power Systems from $1.75 to $1.25 and set a “neutral” rating for the company in a report on Friday. TD Cowen raised shares of Ballard Power Systems to a “strong sell” rating in a report on Monday, January 13th. Finally, HSBC cut their target price on shares of Ballard Power Systems from $1.90 to $1.40 and set a “hold” rating for the company in a research note on Friday. Six research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.31.
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Ballard Power Systems Stock Up 3.1 %
Institutional Investors Weigh In On Ballard Power Systems
Several large investors have recently modified their holdings of the business. First Commonwealth Financial Corp PA acquired a new position in shares of Ballard Power Systems in the 3rd quarter valued at approximately $27,000. Raymond James Financial Inc. bought a new position in Ballard Power Systems in the fourth quarter valued at approximately $27,000. Toronto Dominion Bank boosted its holdings in shares of Ballard Power Systems by 300.0% in the third quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company’s stock valued at $50,000 after buying an additional 20,949 shares during the period. Headlands Technologies LLC bought a new stake in shares of Ballard Power Systems during the fourth quarter worth $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Ballard Power Systems by 35.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company’s stock worth $68,000 after acquiring an additional 10,767 shares in the last quarter. 28.02% of the stock is currently owned by institutional investors.
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 comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.
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