BNP Paribas Financial Markets Sells 63,085 Shares of Ballard Power Systems Inc. (NASDAQ:BLDP)

BNP Paribas Financial Markets reduced its stake in shares of Ballard Power Systems Inc. (NASDAQ:BLDPFree Report) (TSE:BLD) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,421 shares of the technology company’s stock after selling 63,085 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Ballard Power Systems worth $767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDP. Headlands Technologies LLC purchased a new position in shares of Ballard Power Systems in the fourth quarter valued at about $31,000. FNY Investment Advisers LLC raised its position in Ballard Power Systems by 5,000.0% during the 4th quarter. FNY Investment Advisers LLC now owns 10,200 shares of the technology company’s stock valued at $37,000 after purchasing an additional 10,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Ballard Power Systems by 37.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,831 shares of the technology company’s stock worth $51,000 after buying an additional 3,753 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Ballard Power Systems in the 3rd quarter worth approximately $63,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Ballard Power Systems by 116.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,861 shares of the technology company’s stock valued at $133,000 after buying an additional 19,284 shares during the period. 28.02% of the stock is owned by institutional investors.

Ballard Power Systems Price Performance

BLDP stock opened at $3.15 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.88 and a current ratio of 11.66. The company’s fifty day moving average price is $2.91 and its 200-day moving average price is $3.20. Ballard Power Systems Inc. has a one year low of $2.42 and a one year high of $5.68. The company has a market capitalization of $943.08 million, a PE ratio of -5.08 and a beta of 1.65.

Ballard Power Systems (NASDAQ:BLDPGet Free Report) (TSE:BLD) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Ballard Power Systems had a negative net margin of 177.82% and a negative return on equity of 15.37%. The firm had revenue of $14.50 million for the quarter, compared to the consensus estimate of $17.55 million. During the same period in the previous year, the company posted ($0.11) earnings per share. Ballard Power Systems’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts anticipate that Ballard Power Systems Inc. will post -0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BLDP. Wells Fargo & Company reduced their price target on shares of Ballard Power Systems from $3.50 to $3.00 and set an “underweight” rating on the stock in a research report on Thursday, May 9th. Citigroup decreased their target price on Ballard Power Systems from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. HSBC dropped their price target on Ballard Power Systems from $4.10 to $3.80 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Raymond James decreased their price objective on Ballard Power Systems from $4.50 to $4.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Finally, Truist Financial restated a “hold” rating and set a $3.00 target price (down previously from $3.50) on shares of Ballard Power Systems in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Ballard Power Systems presently has a consensus rating of “Hold” and a consensus target price of $3.74.

Check Out Our Latest Stock Analysis on BLDP

Ballard Power Systems Profile

(Free Report)

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 comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.

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

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