Ballard Power Systems Inc. (TSE:BLDP – Get Free Report)’s stock price rose 2.2% during trading on Thursday . The company traded as high as C$3.28 and last traded at C$3.25. Approximately 542,736 shares traded hands during trading, a decline of 51% from the average daily volume of 1,099,385 shares. The stock had previously closed at C$3.18.
Analyst Ratings Changes
Separately, National Bank Financial decreased their price objective on Ballard Power Systems from C$4.75 to C$4.50 and set a “sector perform” rating for the company in a report on Thursday, August 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ballard Power Systems currently has a consensus rating of “Hold” and a consensus target price of C$4.50.
Check Out Our Latest Stock Analysis on BLDP
Ballard Power Systems Trading Up 2.2%
Ballard Power Systems (TSE:BLDP – Get Free Report) last released its earnings results on Friday, July 31st. The company reported C($0.10) EPS for the quarter. The company had revenue of C$29.27 million during the quarter. Ballard Power Systems had a negative return on equity of 13.17% and a negative net margin of 72.38%. On average, research analysts expect that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.
Insider Activity at Ballard Power Systems
In other news, insider Ltd. Weichai Power Co. sold 151,350 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of C$4.99, for a total transaction of C$755,236.50. Following the sale, the insider directly owned 30,951,476 shares of the company’s stock, valued at C$154,447,865.24. The trade was a 0.49% decrease in their ownership of the stock. Insiders own 15.53% of the company’s stock.
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.
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