Ballard Power Systems (TSE:BLDP) Stock Falls 3.8% – What’s Next?

Ballard Power Systems Inc. (TSE:BLDP)’s stock price was down 3.8% during trading on Thursday. The stock traded as low as C$2.73 and last traded at C$2.75. 994,006 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 1,056,744 shares. The stock had previously closed at C$2.86.

Analysts Set New Price Targets

Separately, National Bank Financial cut their target price on shares of Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating on the stock in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Ballard Power Systems presently has a consensus rating of “Hold” and an average target price of C$4.50.

Ballard Power Systems Price Performance

The business has a 50-day moving average of C$3.23 and a two-hundred day moving average of C$4.50. The company has a current ratio of 11.19, a quick ratio of 13.57 and a debt-to-equity ratio of 3.52. The firm has a market cap of C$965.50 million, a P/E ratio of -10.58, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.03.

Ballard Power Systems (TSE:BLDP) last posted its earnings results on Friday, July 31st. The company reported C($0.10) EPS for the quarter. Ballard Power Systems had a negative net margin of 72.38% and a negative return on equity of 13.17%. The firm had revenue of C$29.27 million during the quarter. On average, sell-side analysts anticipate that Ballard Power Systems Inc. will post -0.67 earnings per share for the current fiscal year.

About Ballard Power Systems

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.