Ballard Power Systems (NASDAQ:BLDP – Get Rating) (TSE:BLD) released its quarterly earnings results on Friday. The technology company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03, Briefing.com reports. Ballard Power Systems had a negative return on equity of 13.51% and a negative net margin of 182.86%. The firm had revenue of $20.50 million for the quarter, compared to analyst estimates of $25.62 million. During the same quarter in the previous year, the company posted ($0.15) EPS. The business’s revenue was down 44.1% on a year-over-year basis.
Ballard Power Systems Trading Down 2.9 %
Shares of NASDAQ:BLDP opened at $4.97 on Friday. The business’s 50 day simple moving average is $5.94 and its two-hundred day simple moving average is $5.98. The company has a current ratio of 14.44, a quick ratio of 13.65 and a debt-to-equity ratio of 0.01. Ballard Power Systems has a 52-week low of $4.43 and a 52-week high of $12.57.
Wall Street Analyst Weigh In
BLDP has been the topic of a number of analyst reports. Wells Fargo & Company lowered Ballard Power Systems from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $6.00 to $5.00 in a research report on Friday, January 6th. Truist Financial cut their target price on Ballard Power Systems from $7.00 to $6.00 in a research report on Wednesday. Scotiabank initiated coverage on Ballard Power Systems in a research report on Thursday, March 9th. They set a “sector perform” rating and a $7.25 target price on the stock. UBS Group initiated coverage on Ballard Power Systems in a research report on Tuesday, December 13th. They set a “neutral” rating on the stock. Finally, BMO Capital Markets initiated coverage on Ballard Power Systems in a research report on Thursday, December 8th. They set a “market perform” rating and a $5.50 target price on the stock. Two research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to MarketBeat.com, Ballard Power Systems presently has an average rating of “Hold” and an average target price of $7.25.
Institutional Inflows and Outflows
About Ballard Power Systems
Ballard Power Systems, Inc engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions.
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