Ballard Power Systems Inc. (NASDAQ:BLDP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Ballard Power Systems Inc. (NASDAQ:BLDPGet Rating) (TSE:BLD) by 21.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,066 shares of the technology company’s stock after selling 25,381 shares during the quarter. SG Americas Securities LLC’s holdings in Ballard Power Systems were worth $576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Ballard Power Systems by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 8,147,247 shares of the technology company’s stock worth $94,833,000 after acquiring an additional 126,638 shares in the last quarter. Millennium Management LLC raised its stake in Ballard Power Systems by 580.6% during the 2nd quarter. Millennium Management LLC now owns 3,352,040 shares of the technology company’s stock worth $21,140,000 after acquiring an additional 2,859,528 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Ballard Power Systems by 2.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 3,341,872 shares of the technology company’s stock worth $21,062,000 after acquiring an additional 92,210 shares in the last quarter. Legal & General Group Plc raised its stake in Ballard Power Systems by 40.3% during the 2nd quarter. Legal & General Group Plc now owns 3,157,100 shares of the technology company’s stock worth $25,067,000 after acquiring an additional 906,705 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Ballard Power Systems during the 1st quarter worth $25,988,000. 31.97% of the stock is currently owned by institutional investors and hedge funds.

Ballard Power Systems Stock Performance

Shares of BLDP opened at $5.77 on Monday. The company has a current ratio of 14.44, a quick ratio of 13.65 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.72 billion, a P/E ratio of -9.31 and a beta of 1.72. The company has a 50-day moving average of $5.60 and a two-hundred day moving average of $6.47. Ballard Power Systems Inc. has a 12-month low of $4.43 and a 12-month high of $12.57.

Ballard Power Systems (NASDAQ:BLDPGet Rating) (TSE:BLD) last posted its quarterly earnings data on Monday, November 7th. The technology company reported ($0.14) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.14). The business had revenue of $21.50 million during the quarter, compared to analyst estimates of $23.94 million. Ballard Power Systems had a negative net margin of 182.86% and a negative return on equity of 13.51%. The company’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) earnings per share. As a group, research analysts predict that Ballard Power Systems Inc. will post -0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on BLDP shares. UBS Group initiated coverage on shares of Ballard Power Systems in a research note on Tuesday, December 13th. They set a “neutral” rating on the stock. Truist Financial lowered their price objective on shares of Ballard Power Systems from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Tuesday, October 18th. Jefferies Financial Group initiated coverage on shares of Ballard Power Systems in a research report on Wednesday, October 19th. They set a “hold” rating and a $6.00 price objective on the stock. Susquehanna lowered their price objective on shares of Ballard Power Systems from $6.50 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 8th. Finally, Susquehanna Bancshares lowered their target price on shares of Ballard Power Systems from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.74.

Ballard Power Systems Company Profile

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Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power.

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Institutional Ownership by Quarter for Ballard Power Systems (NASDAQ:BLDP)

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