Leonteq Securities AG Acquires Shares of 120,936 Ballard Power Systems, Inc. $BLDP

Leonteq Securities AG acquired a new stake in Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 120,936 shares of the technology company’s stock, valued at approximately $319,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLDP. CANADA LIFE ASSURANCE Co increased its position in Ballard Power Systems by 117.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,720,883 shares of the technology company’s stock valued at $4,327,000 after acquiring an additional 1,467,547 shares in the last quarter. BNP Paribas Financial Markets increased its position in Ballard Power Systems by 324.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,311,617 shares of the technology company’s stock valued at $3,568,000 after acquiring an additional 1,002,903 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Ballard Power Systems by 20.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,916,541 shares of the technology company’s stock valued at $5,408,000 after acquiring an additional 829,012 shares in the last quarter. Van ECK Associates Corp increased its position in Ballard Power Systems by 43.8% in the 3rd quarter. Van ECK Associates Corp now owns 2,345,177 shares of the technology company’s stock valued at $6,379,000 after acquiring an additional 714,647 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Ballard Power Systems by 11.7% in the 3rd quarter. Two Sigma Investments LP now owns 6,282,641 shares of the technology company’s stock valued at $17,089,000 after acquiring an additional 657,107 shares in the last quarter. Institutional investors and hedge funds own 28.02% of the company’s stock.

Ballard Power Systems Stock Up 2.0%

Ballard Power Systems stock opened at $5.54 on Friday. The company’s 50 day simple moving average is $3.24 and its 200 day simple moving average is $2.83. Ballard Power Systems, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $5.90. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -20.52 and a beta of 1.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.70 and a quick ratio of 9.90.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. Ballard Power Systems had a negative net margin of 78.60% and a negative return on equity of 13.48%. The business had revenue of $18.98 million for the quarter, compared to analyst estimates of $19.88 million. As a group, sell-side analysts anticipate that Ballard Power Systems, Inc. will post -0.19 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Ballard Power Systems from $1.70 to $2.10 and gave the company an “underperform” rating in a research report on Wednesday, May 6th. ATB Cormark Capital Markets raised their target price on shares of Ballard Power Systems from $3.50 to $4.30 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Susquehanna raised their target price on shares of Ballard Power Systems from $2.60 to $4.25 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ballard Power Systems in a research note on Monday, April 20th. Finally, Lake Street Capital raised shares of Ballard Power Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $3.00 to $5.00 in a research note on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $3.59.

Ballard Power Systems Profile

Ballard Power Systems (NASDAQ:BLDP) is a Canadian technology company specializing in the development and manufacture of proton exchange membrane (PEM) fuel cell products. Headquartered in Vancouver, British Columbia, Ballard designs and sells fuel cell stacks and modules that enable zero-emission power generation for a variety of applications, including heavy-duty motive systems, backup power, material handling equipment, and portable power solutions.

Since its founding in 1979, Ballard has built a strong intellectual property portfolio and a track record of innovation in PEM fuel cell technology.