Ballard Power Systems (TSE:BLDP) Insider Sells C$12,371,110.46 in Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 2,111,111 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the sale, the insider owned 44,020,601 shares in the company, valued at C$257,960,721.86. This represents a 4.58% decrease in their position.

Ltd. Weichai Power Co. also recently made the following trade(s):

• On Tuesday, May 12th, Ltd. Weichai Power Co. sold 2,368,422 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.80, for a total value of C$13,736,847.60.
• On Monday, May 11th, Ltd. Weichai Power Co. sold 2,399,353 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.74, for a total value of C$13,772,286.22.

Ballard Power Systems Stock Performance

Shares of BLDP stock opened at C$5.68 on Thursday. The firm has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -21.04, a PEG ratio of -2,030.00 and a beta of 0.64. The company has a current ratio of 10.70, a quick ratio of 13.57 and a debt-to-equity ratio of 3.62. The business’s 50-day moving average price is C$3.95 and its 200-day moving average price is C$3.82. Ballard Power Systems Inc. has a 12 month low of C$1.70 and a 12 month high of C$6.62.

Ballard Power Systems (TSE:BLDP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C($0.06) earnings per share (EPS) for the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. The business had revenue of C$27.00 million during the quarter. Equities research analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current year.

Ballard Power Systems Company Profile

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.