In yesterday’s Wall Street session, Ballard Power Systems Inc. (NASDAQ:BLDP) shares traded at $3.07, up 6.60% from the previous session.
BLDP stock price is now 6.16% away from the 50-day moving average and -12.15% away from the 200-day moving average. The market capitalization of the company currently stands at $919.13M.
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With the price target maintained at $4.50, HSBC Securities recently Upgraded its rating from Hold to Buy for Ballard Power Systems Inc. (NASDAQ: BLDP). On September 25, 2023, HSBC Securities recently initiated its ‘Hold’ rating on the stock quoting a target price of $4.50, while ‘Citigroup’ rates the stock as ‘Neutral’
A total of 19.10% of the company’s stock is owned by insiders.
During the past 12 months, Ballard Power Systems Inc. has had a low of $2.42 and a high of $5.68. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 11.66, and a quick ratio of 10.88.
The net profit margin was -178.87% and return on equity was -14.56% for BLDP. The company reported revenue of $14.45 million for the quarter, compared to $13.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.13 percent.
Ballard Power Systems Inc.(BLDP) Company Profile
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. It also engages in the delivery of services, including technology solutions, after sales services, and training; and provision of engineering services, product and systems integration services, and related technology transfer for a variety of PEM fuel cell applications. It operates in the United States, Germany, Canada, China, Poland, the United Kingdom, the Netherlands, France, Denmark, Belgium, India, Taiwan, Spain, Norway, Australia, Japan, and internationally. The company has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
