Ballard Power Systems (NASDAQ:BLDP) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) issued its quarterly earnings data on Tuesday. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01), Briefing.com reports. Ballard Power Systems had a negative return on equity of 14.06% and a negative net margin of 172.63%. The business had revenue of $14.50 million during the quarter, compared to the consensus estimate of $17.55 million. During the same period last year, the firm earned ($0.11) EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis.

Ballard Power Systems Trading Up 0.4 %

NASDAQ BLDP opened at $2.84 on Wednesday. Ballard Power Systems has a 1 year low of $2.42 and a 1 year high of $5.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.25 and a quick ratio of 11.60. The company has a market capitalization of $849.98 million, a PE ratio of -4.81 and a beta of 1.65. The company has a fifty day moving average of $2.89 and a 200 day moving average of $3.24.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup cut their target price on Ballard Power Systems from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Piper Sandler reduced their price objective on shares of Ballard Power Systems from $3.00 to $2.30 and set an “underweight” rating for the company in a research note on Wednesday, March 13th. Raymond James cut their price target on shares of Ballard Power Systems from $4.50 to $4.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. TD Securities decreased their price objective on Ballard Power Systems from $3.00 to $2.50 in a report on Thursday, April 25th. Finally, Jefferies Financial Group reduced their target price on Ballard Power Systems from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.94.

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.