Ballard Power Systems (BLDP) to Release Quarterly Earnings on Thursday

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) will likely be announcing its earnings results before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.18) per share and revenue of $28.55 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Ballard Power Systems Price Performance

BLDP opened at $1.20 on Wednesday. The firm has a market cap of $359.33 million, a price-to-earnings ratio of -1.09 and a beta of 1.75. Ballard Power Systems has a fifty-two week low of $1.08 and a fifty-two week high of $3.38. The company’s 50-day moving average price is $1.46 and its 200 day moving average price is $1.56. The company has a quick ratio of 8.19, a current ratio of 9.01 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BLDP shares. CIBC dropped their price objective on shares of Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating on the stock in a research note on Wednesday, December 4th. TD Cowen upgraded shares of Ballard Power Systems to a “strong sell” rating in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.