Ballard Power Systems (TSE:BLDP) Insider Ltd. Weichai Power Co. Sells 923,000 Shares of Stock

Ballard Power Systems Inc. (TSE:BLDP) insider Ltd. Weichai Power Co. sold 923,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$5.67, for a total value of C$5,233,410.00. Following the completion of the sale, the insider directly owned 34,999,826 shares of the company’s stock, valued at approximately C$198,449,013.42. This trade represents a 2.57% decrease in their ownership of the stock.

Ltd. Weichai Power Co. also recently made the following trade(s):

• On Tuesday, May 12th, Ltd. Weichai Power Co. sold 2,368,422 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.80, for a total value of C$13,736,847.60.
• On Monday, May 11th, Ltd. Weichai Power Co. sold 2,399,353 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.74, for a total value of C$13,772,286.22.
• On Friday, May 8th, Ltd. Weichai Power Co. sold 2,111,111 shares of Ballard Power Systems stock. The shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46.

Ballard Power Systems Stock Up 7.4%

Shares of TSE BLDP opened at C$6.09 on Friday. The stock has a market cap of C$1.84 billion, a PE ratio of -22.56, a price-to-earnings-growth 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 52-week low of C$1.70 and a 52-week high of C$6.62. The business has a 50-day moving average price of C$4.07 and a 200 day moving average price of C$3.84.

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%. Equities research analysts forecast that Ballard Power Systems Inc. will post -0.67 earnings per share for the current 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.