Swiss National Bank purchased a new stake in Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 270,400 shares of the technology company’s stock, valued at approximately $1,197,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Ballard Power Systems by 26.2% in the 4th quarter. Bank of Montreal Can now owns 61,968 shares of the technology company’s stock valued at $273,000 after purchasing an additional 12,857 shares during the period. Bluestein R H & Co. boosted its stake in Ballard Power Systems by 11.2% in the 3rd quarter. Bluestein R H & Co. now owns 233,000 shares of the technology company’s stock valued at $1,090,000 after purchasing an additional 23,500 shares during the period. Jane Street Group LLC bought a new stake in Ballard Power Systems in the 3rd quarter valued at $141,000. Finally, PEAK6 Investments L.P. boosted its stake in Ballard Power Systems by 556.3% in the 3rd quarter. PEAK6 Investments L.P. now owns 216,984 shares of the technology company’s stock valued at $1,015,000 after purchasing an additional 183,921 shares during the period. Institutional investors and hedge funds own 4.21% of the company’s stock.
BLDP has been the subject of several recent research reports. BidaskClub downgraded Ballard Power Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, March 9th. ValuEngine cut Ballard Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Zacks Investment Research cut Ballard Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Roth Capital set a $5.00 price objective on Ballard Power Systems and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, B. Riley set a $6.00 price objective on Ballard Power Systems and gave the company a “buy” rating in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.88.
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About Ballard Power Systems
Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.
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