Ballard Power Systems (TSE:BLDP) Hits New 1-Year Low – Here’s Why

Ballard Power Systems Inc. (TSE:BLDP) shares reached a new 52-week low on Tuesday. The company traded as low as C$2.50 and last traded at C$2.52, with a volume of 609,803 shares trading hands. The stock had previously closed at C$2.72.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial reduced their price objective on Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Ballard Power Systems has an average rating of “Hold” and a consensus price target of C$4.50.

Ballard Power Systems Stock Down 7.4%

The company has a market cap of C$884.75 million, a price-to-earnings ratio of -9.69, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.03. The stock has a 50-day simple moving average of C$3.19 and a 200-day simple moving average of C$4.49. The company has a current ratio of 11.19, a quick ratio of 13.57 and a debt-to-equity ratio of 3.52.

Ballard Power Systems (TSE:BLDP) last issued its quarterly earnings results on Friday, July 31st. The company reported C($0.10) EPS for the quarter. The business had revenue of C$29.27 million for the quarter. Ballard Power Systems had a negative net margin of 72.38% and a negative return on equity of 13.17%. As a group, analysts predict that Ballard Power Systems Inc. will post -0.67 EPS for the current year.

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.