Ballard Power Systems (TSE:BLDP) Insider Sells 2,111,111 Shares

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 2,111,111 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the completion of the sale, the insider directly owned 44,020,601 shares in the company, valued at approximately C$257,960,721.86. The trade was a 4.58% decrease in their position.

Ballard Power Systems Trading Up 0.5%

TSE BLDP traded up C$0.03 on Monday, reaching C$5.70. The stock had a trading volume of 1,099,442 shares, compared to its average volume of 851,666. The firm has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -21.11, a P/E/G ratio of -2,030.00 and a beta of 0.64. The company has a quick ratio of 13.57, a current ratio of 10.70 and a debt-to-equity ratio of 3.62. Ballard Power Systems Inc. has a 12-month low of C$1.70 and a 12-month high of C$6.62. The stock has a fifty day moving average price of C$3.73 and a two-hundred day moving average price of C$3.79.

Ballard Power Systems (TSE:BLDP) last announced its earnings results on Tuesday, May 5th. The company reported C($0.06) earnings per share (EPS) for the quarter. The firm had revenue of C$27.00 million during the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. As a group, sell-side analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.

About Ballard Power Systems

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.