HC Wainwright Reaffirms "Buy" Rating for Ballard Power Systems, Inc. (NASDAQ:BLDP)

The brokerage now has a "buy" rating on the technology company's stock. Its book value per share for the most recent quarter is $0.69 while its price to book ratio for the same period is 7.04, as for as the company's cash per share for the most recent quarter is $0.35, however its price to cash per share ratio for the same period is 14.08. Finally, BidaskClub cut Ballard Power Systems from a "hold" rating to a "sell" rating in a report on Monday, August 14th. November 3 investment analysts at HC Wainwright held the stock rating at "Buy" targeting a price of $6.00. Zacks Investment Research lowered Ballard Power Systems from a "buy" rating to a "hold" rating in a research report on Monday, July 17th. Finally, Roth Capital set a $5.00 price objective on Ballard Power Systems and gave the company a "hold" rating in a research report on Wednesday, November 1st. (NASDAQ:PRQR), 3 have Buy rating, 0 Sell and 2 Hold.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Ballard Power Sys (NASDAQ:BLDP) high price target of $6 and with a conservative view have low price target of $5.

Shares of Ballard Power Sys (NASDAQ:BLDP) soared 1.39% or 0.07 to reach at $5.11 during previous trading session. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

Whereas they predicted High and Low Earnings Estimate as $0 and $-0.01 respectively. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.70. The value of the investment in (BLDP) went from $82,000 to $303,000 increasing 269.5% since the last quarter. Ballard Power Systems had a negative net margin of 5.57% and a negative return on equity of 4.36%. The company had revenue of $31.90 million for the quarter, compared to analyst estimates of $28.33 million. During the same quarter last year, the company earned ($0.02) earnings per share. equities analysts predict that Ballard Power Systems will post -0.05 EPS for the current fiscal year.

Ballard Power Systems Inc. (NASDAQ:BLDP)'s stock has performed at 194.55%. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of U.S. & worldwide trademark and copyright legislation. The correct version of this piece of content can be read at https://www.truebluetribune.com/2017/11/15/ballard-power-systems-inc-bldp-receives-buy-rating-from-hc-wainwright.html. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. First Trust Advisors LP grew its holdings in Ballard Power Systems by 16.9% in the second quarter. With 1.37M avg volume, 3 days are for Ballard Power Systems Incorporated (NASDAQ:BLDP)'s short sellers to cover BLDP's short positions. Renaissance Technologies LLC raised its position in shares of Ballard Power Systems by 483.1% in the first quarter. After a recent check, Ballard Power Systems Inc. KCG Holdings Inc. now owns 204,521 shares of the technology company's stock valued at $454,000 after buying an additional 140,603 shares in the last quarter. The trading of the day started with the price of the stock at $2.55.

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.