Investment Analysts’ Recent Ratings Changes for Ballard Power Systems (BLDP)

Ballard Power Systems (NASDAQ: BLDP) has recently received a number of price target changes and ratings updates:

  • 3/7/2017 – Ballard Power Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.25 price target on the stock. According to Zacks, “Ballard Power Systems focuses on developing and bringing to market PEM fuel cell systems for transportation, stationary, and portable applications. Ballard now offers key subsystems and components that are based on technology developed in support of Ballard fuel cell products. Their focus is on further enhancing product performance, reducing costs, designing market-viable products, developing additional volume-manufacturing capabilities, and continuing to build customer and supplier relationships. “
  • 3/6/2017 – Ballard Power Systems was given a new $3.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 3/3/2017 – Ballard Power Systems had its “outperform” rating reaffirmed by analysts at FBR & Co. They now have a $3.00 price target on the stock.
  • 2/28/2017 – Ballard Power Systems was given a new $3.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 2/14/2017 – Ballard Power Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ballard Power Systems focuses on developing and bringing to market PEM fuel cell systems for transportation, stationary, and portable applications. Ballard now offers key subsystems and components that are based on technology developed in support of Ballard fuel cell products. Their focus is on further enhancing product performance, reducing costs, designing market-viable products, developing additional volume-manufacturing capabilities, and continuing to build customer and supplier relationships. “
  • 1/25/2017 – Ballard Power Systems had its “buy” rating reaffirmed by analysts at FBR & Co.

Shares of Ballard Power Systems Inc. (NASDAQ:BLDP) traded up 2.27% on Monday, hitting $2.25. 1,697,530 shares of the stock traded hands. Ballard Power Systems Inc. has a 52-week low of $1.23 and a 52-week high of $2.53. The firm’s market cap is $393.19 million. The firm has a 50 day moving average price of $2.01 and a 200 day moving average price of $1.99.

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of fuel cell products. The Company is focused on its power product markets of heavy-duty motive, portable power, material handling and telecom backup power, as well as the delivery of technology solutions, including engineering services, and the license and sale of its intellectual property portfolio and fundamental knowledge for fuel cell applications.

5 Day Chart for NASDAQ:BLDP

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