Healthcare of Ontario Pension Plan Trust Fund Acquires 27,787 Shares of Ballard Power Systems Inc. (NASDAQ:BLDP)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,589 shares of the technology company’s stock after purchasing an additional 27,787 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.12% of Ballard Power Systems worth $620,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Penserra Capital Management LLC lifted its position in shares of Ballard Power Systems by 52.6% in the third quarter. Penserra Capital Management LLC now owns 959,941 shares of the technology company’s stock worth $1,727,000 after buying an additional 330,815 shares in the last quarter. DRW Securities LLC raised its stake in Ballard Power Systems by 2,097.1% during the third quarter. DRW Securities LLC now owns 333,322 shares of the technology company’s stock valued at $600,000 after purchasing an additional 318,151 shares in the last quarter. Decade Renewable Partners LP bought a new position in Ballard Power Systems during the second quarter valued at $450,000. BNP Paribas Financial Markets grew its stake in shares of Ballard Power Systems by 79.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 436,689 shares of the technology company’s stock worth $786,000 after buying an additional 193,658 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Ballard Power Systems by 8.8% during the 2nd quarter. Van ECK Associates Corp now owns 2,321,782 shares of the technology company’s stock valued at $5,224,000 after buying an additional 186,833 shares in the last quarter. 28.02% of the stock is owned by hedge funds and other institutional investors.

Ballard Power Systems Trading Up 2.7 %

Shares of NASDAQ BLDP opened at $1.53 on Tuesday. Ballard Power Systems Inc. has a twelve month low of $1.23 and a twelve month high of $4.02. The firm has a market cap of $458.11 million, a PE ratio of -1.39 and a beta of 1.78. The business has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $2.03. The company has a quick ratio of 8.19, a current ratio of 9.01 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BLDP shares. Raymond James decreased their price objective on Ballard Power Systems from $4.00 to $3.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 14th. BMO Capital Markets lowered their price target on Ballard Power Systems from $2.25 to $1.70 and set an “underperform” rating for the company in a research report on Tuesday, August 13th. StockNews.com upgraded shares of Ballard Power Systems to a “sell” rating in a research report on Friday, November 1st. CIBC lowered their target price on shares of Ballard Power Systems from $1.60 to $1.40 and set an “underperformer” rating for the company in a report on Wednesday, November 6th. Finally, Hsbc Global Res downgraded shares of Ballard Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Ballard Power Systems has an average rating of “Hold” and an average target price of $2.78.

Ballard Power Systems Company Profile

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.