SG Americas Securities LLC Has $270,000 Stake in Ballard Power Systems, Inc. $BLDP

SG Americas Securities LLC grew its position in Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) by 15.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,622 shares of the technology company’s stock after buying an additional 23,252 shares during the quarter. SG Americas Securities LLC’s holdings in Ballard Power Systems were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in Ballard Power Systems by 125.2% in the second quarter. SBI Securities Co. Ltd. now owns 23,553 shares of the technology company’s stock valued at $37,000 after acquiring an additional 13,094 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Ballard Power Systems in the 1st quarter valued at $40,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Ballard Power Systems by 21.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,459 shares of the technology company’s stock valued at $48,000 after purchasing an additional 5,482 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Ballard Power Systems during the 1st quarter worth $69,000. Finally, Amundi lifted its position in shares of Ballard Power Systems by 16.1% during the 1st quarter. Amundi now owns 68,140 shares of the technology company’s stock worth $74,000 after buying an additional 9,454 shares during the last quarter. Institutional investors own 28.02% of the company’s stock.

Ballard Power Systems Price Performance

Shares of NASDAQ:BLDP opened at $2.83 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.32 and a current ratio of 9.31. Ballard Power Systems, Inc. has a 52 week low of $1.00 and a 52 week high of $4.10. The firm has a market cap of $850.79 million, a PE ratio of -2.86 and a beta of 1.84. The firm’s fifty day moving average is $3.24 and its 200-day moving average is $2.29.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its quarterly earnings data on Thursday, November 13th. The technology company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $32.66 million during the quarter, compared to the consensus estimate of $23.76 million. Ballard Power Systems had a negative return on equity of 21.52% and a negative net margin of 409.35%. Sell-side analysts predict that Ballard Power Systems, Inc. will post -0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BLDP shares. HSBC set a $3.40 price target on shares of Ballard Power Systems in a research note on Thursday, October 9th. Wells Fargo & Company raised their target price on shares of Ballard Power Systems from $1.00 to $1.50 and gave the company an “underweight” rating in a research report on Wednesday, August 13th. UBS Group upped their price target on shares of Ballard Power Systems from $1.40 to $3.50 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Roth Capital reiterated a “neutral” rating and issued a $3.00 price target on shares of Ballard Power Systems in a research note on Friday, November 14th. Finally, Zacks Research lowered Ballard Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Eleven equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, Ballard Power Systems has an average rating of “Reduce” and a consensus target price of $2.11.

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.