Ballard Power Systems (NASDAQ:BLDP – Get Free Report) (TSE:BLD) had its target price dropped by equities researchers at Roth Mkm from $1.75 to $1.25 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Roth Mkm’s price target indicates a potential downside of 2.72% from the company’s current price.
Several other analysts also recently weighed in on the company. TD Cowen upgraded Ballard Power Systems to a “strong sell” rating in a research note on Monday, January 13th. CIBC cut their price target 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. Finally, BMO Capital Markets lowered their price target on shares of Ballard Power Systems from $1.30 to $1.20 and set an “underperform” rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.65.
View Our Latest Stock Report on BLDP
Ballard Power Systems Trading Up 0.4 %
Hedge Funds Weigh In On Ballard Power Systems
Large investors have recently bought and sold shares of the business. First Commonwealth Financial Corp PA purchased a new position in shares of Ballard Power Systems during the third quarter worth approximately $27,000. Raymond James Financial Inc. acquired a new stake in shares of Ballard Power Systems in the 4th quarter valued at approximately $27,000. Toronto Dominion Bank boosted its position in shares of Ballard Power Systems by 300.0% during the 3rd quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company’s stock worth $50,000 after purchasing an additional 20,949 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Ballard Power Systems during the 4th quarter worth approximately $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of 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 worth $68,000 after buying an additional 10,767 shares in the last quarter. Hedge funds and other 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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