Ballard Power Systems (NASDAQ:BLDP) Releases Earnings Results, Beats Estimates By $0.04 EPS

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) issued its quarterly earnings data on Thursday. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04, Zacks reports. Ballard Power Systems had a negative return on equity of 19.96% and a negative net margin of 357.78%.

Ballard Power Systems Trading Up 2.0 %

Shares of BLDP stock traded up $0.03 on Thursday, reaching $1.26. 5,124,362 shares of the stock were exchanged, compared to its average volume of 10,253,554. The company has a quick ratio of 8.19, a current ratio of 9.01 and a debt-to-equity ratio of 0.03. The stock has a market cap of $375.79 million, a P/E ratio of -1.14 and a beta of 1.75. The firm has a 50 day moving average of $1.45 and a two-hundred day moving average of $1.56. Ballard Power Systems has a 1-year low of $1.08 and a 1-year high of $3.38.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BLDP. CIBC dropped their price target on Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating for the company in a research report on Wednesday, December 4th. TD Cowen upgraded Ballard Power Systems to a “strong sell” rating in a research report on Monday, January 13th. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.77.

About Ballard Power Systems

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.