Ballard Power Systems (NASDAQ:BLDP) Price Target Raised to $4.30 at ATB Cormark Capital Markets

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) had its price target raised by ATB Cormark Capital Markets from $3.50 to $4.30 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the technology company’s stock. ATB Cormark Capital Markets’ price target points to a potential downside of 8.80% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ballard Power Systems in a research report on Monday, April 20th. Lake Street Capital raised shares of Ballard Power Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $3.00 to $5.00 in a report on Tuesday. TD Securities upgraded shares of Ballard Power Systems from a “sell” rating to a “hold” rating and set a $2.50 price target on the stock in a research report on Friday, January 9th. BMO Capital Markets upped their price objective on Ballard Power Systems from $1.70 to $2.10 and gave the stock an “underperform” rating in a research note on Wednesday. Finally, TD Cowen raised their target price on Ballard Power Systems from $2.50 to $4.25 and gave the stock a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $3.51.

Ballard Power Systems Stock Performance

Shares of NASDAQ BLDP traded up $0.39 during trading on Wednesday, reaching $4.72. 12,046,605 shares of the company traded hands, compared to its average volume of 3,707,806. The firm has a 50 day simple moving average of $2.61 and a 200-day simple moving average of $2.73. Ballard Power Systems has a 52-week low of $1.18 and a 52-week high of $4.76. The stock has a market capitalization of $1.42 billion, a PE ratio of -15.72 and a beta of 1.94. The company has a quick ratio of 9.14, a current ratio of 9.86 and a debt-to-equity ratio of 0.03.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its earnings results on Tuesday, May 5th. The technology company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $18.98 million during the quarter, compared to the consensus estimate of $19.88 million. Ballard Power Systems had a negative net margin of 91.50% and a negative return on equity of 14.62%. Equities research analysts anticipate that Ballard Power Systems will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On Ballard Power Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Ballard Power Systems by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 692,201 shares of the technology company’s stock worth $1,883,000 after buying an additional 215,954 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Ballard Power Systems in the 1st quarter valued at $548,000. Caitong International Asset Management Co. Ltd increased its holdings in Ballard Power Systems by 422.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 15,024 shares of the technology company’s stock valued at $38,000 after acquiring an additional 12,149 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in Ballard Power Systems in the 1st quarter worth $26,000. Finally, Miller Howard Investments Inc. NY bought a new position in shares of Ballard Power Systems during the 1st quarter valued at about $70,000. Institutional investors own 28.02% of the company’s stock.

Ballard Power Systems News Roundup

Here are the key news stories impacting Ballard Power Systems this week:

• Positive Sentiment: Solaris, a major European bus maker and long-standing partner, formally selected Ballard to supply its FCmove®‑SC fuel cell engine for Solaris’s next‑generation hydrogen bus platform — a material commercial win that supports Ballard’s revenue pipeline and market credibility. Read More.
• Positive Sentiment: Lake Street Capital upgraded BLDP to “buy” and raised its target to $5.00, signaling increasing buy‑side conviction and providing support for near‑term upside. Read More.
• Positive Sentiment: Technicals turned constructive as BLDP experienced a “golden cross” (50‑day SMA crossing above the 200‑day SMA), a common technical trigger that attracts momentum traders and can amplify short‑term buying interest. Read More.
• Neutral Sentiment: Q1 results were mixed: Ballard beat EPS expectations (loss of $0.04 vs. estimate of $0.06) but missed revenue forecasts ($18.98M vs. ~$19.88M). The EPS beat reduces near‑term downside risk, but the revenue shortfall and still negative margins temper the bullish case. Read More.
• Negative Sentiment: Underlying profitability remains weak (large negative net margin and negative ROE), and the revenue miss highlights that top‑line growth is not yet consistent — factors that could limit multiple expansion until clearer commercial momentum is visible. Read More.
• Negative Sentiment: TD Cowen raised its price target to $4.25 but kept a “hold” rating; that PT implies downside relative to the intraday level and signals some analyst caution despite the upgrade. Mixed analyst signals can contribute to volatility. Read More.

Ballard Power Systems Company Profile

Ballard Power Systems (NASDAQ:BLDP) is a Canadian technology company specializing in the development and manufacture of proton exchange membrane (PEM) fuel cell products. Headquartered in Vancouver, British Columbia, Ballard designs and sells fuel cell stacks and modules that enable zero-emission power generation for a variety of applications, including heavy-duty motive systems, backup power, material handling equipment, and portable power solutions.

Since its founding in 1979, Ballard has built a strong intellectual property portfolio and a track record of innovation in PEM fuel cell technology.