Ballard Power Systems (NASDAQ:BLDP – Free Report) (TSE:BLD) had its price objective cut by National Bankshares from $2.60 to $2.00 in a report issued on Friday,BayStreet.CA reports. They currently have a sector perform rating on the technology company’s stock.
Several other analysts also recently weighed in on the stock. BMO Capital Markets lowered their price target on shares of Ballard Power Systems from $1.30 to $1.20 and set an “underperform” rating for the company in a research note on Friday. Raymond James decreased their price objective on shares of Ballard Power Systems from $2.50 to $2.00 and set a “market perform” rating on the stock in a research report on Friday. CIBC decreased their price objective on shares of Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating on the stock in a research report on Wednesday, December 4th. Roth Mkm decreased their price objective on shares of Ballard Power Systems from $1.75 to $1.25 and set a “neutral” rating on the stock in a research report on Friday. Finally, HSBC decreased their price objective on shares of Ballard Power Systems from $1.90 to $1.40 and set a “hold” rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.31.
Check Out Our Latest Research Report on BLDP
Ballard Power Systems Stock Performance
Hedge Funds Weigh In On Ballard Power Systems
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Commonwealth Financial Corp PA purchased a new position in shares of Ballard Power Systems during the third quarter valued at about $27,000. Raymond James Financial Inc. purchased a new position in shares of Ballard Power Systems during the fourth quarter valued at about $27,000. Toronto Dominion Bank increased its position in shares of Ballard Power Systems by 300.0% during the third quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company’s stock valued at $50,000 after buying an additional 20,949 shares during the period. Headlands Technologies LLC bought a new stake in Ballard Power Systems during the fourth quarter worth about $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Ballard Power Systems by 35.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company’s stock worth $68,000 after acquiring an additional 10,767 shares in the last quarter. Hedge funds and other institutional investors own 28.02% of the company’s stock.
Ballard Power Systems 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.
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