Brokerage Firm Rating Update on Ballard Power Systems (BLDP)

Ballard Power Systems (BLDP) : 5 analysts are covering Ballard Power Systems (BLDP) and their average rating on the stock is 1.4, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Ballard Power Systems (BLDP) : The consensus price target for Ballard Power Systems (BLDP) is $2.5 for the short term with a standard deviation of $0.5. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $3, however, the pessimist price target for the company is $2.


For the current week, the company shares have a recommendation consensus of Buy. Also, FBR Capital upgrades its rating on Ballard Power Systems (NASDAQ:BLDP). Analysts at the FBR Capital have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on July 28, 2016.

Ballard Power Systems (NASDAQ:BLDP): stock was range-bound between the intraday low of $2.05 and the intraday high of $2.15 after having opened at $2.05 on Wednesdays session. The stock finally closed in the red at $2.05, a loss of -1.88%. The stock remained in the red for the whole trading day. The total traded volume was 628,276 shares. The stock failed to cross $2.15 in Wednesdays trading. The stocks closing price on Thursday was $2.13.

Ballard Power Systems Inc. is engaged in development and commercialization of proton exchange membrane (PEM) fuel cell. The Companys principal business is the design, development, manufacture, sale and service of fuel cell products for a variety of applications, focusing on the telecom backup power, material handling, bus and distributed generation markets. It also offers engineering services for various fuel cell applications. It offers tools and technologies for development, optimization, integration and validation of fuel cell components, stacks and systems. It has a portfolio of commercial solutions, including fuel cell stacks, modules and systems. The Companys fuel cell stacks include FCgen-1020ACS, FCgen-1300 and FCvelocity-9SSL. Its fuel cell modules include FCvelocity-HD6. Its complete fuel cell systems include ElectraGen-ME, ElectraGen-H2 and ClearGen.

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