Ballard Power Systems Inc. (NASDAQ:BLDP) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of Ballard Power Systems Inc. (NASDAQ:BLDPGet Rating) (TSE:BLD) by 67.6% during the 4th quarter, HoldingsChannel reports. The fund owned 6,374 shares of the technology company’s stock after purchasing an additional 2,570 shares during the period. Daiwa Securities Group Inc.’s holdings in Ballard Power Systems were worth $80,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BLDP. Core Wealth Advisors Inc. purchased a new position in shares of Ballard Power Systems in the 3rd quarter valued at about $28,000. Edmond DE Rothschild Holding S.A. boosted its position in Ballard Power Systems by 90.5% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 8,662 shares of the technology company’s stock worth $121,000 after purchasing an additional 4,116 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in Ballard Power Systems by 12.6% during the third quarter. Ensign Peak Advisors Inc now owns 10,700 shares of the technology company’s stock worth $152,000 after purchasing an additional 1,200 shares in the last quarter. Polar Capital Holdings Plc purchased a new position in Ballard Power Systems during the third quarter worth approximately $159,000. Finally, HighTower Advisors LLC boosted its position in Ballard Power Systems by 15.3% during the third quarter. HighTower Advisors LLC now owns 13,013 shares of the technology company’s stock worth $182,000 after purchasing an additional 1,722 shares in the last quarter. Hedge funds and other institutional investors own 34.70% of the company’s stock.

A number of equities analysts have weighed in on BLDP shares. TD Securities reduced their price objective on shares of Ballard Power Systems from $20.00 to $17.00 and set a “speculative buy” rating for the company in a research report on Tuesday, March 15th. Truist Financial reduced their price objective on shares of Ballard Power Systems from $18.00 to $13.00 and set a “hold” rating for the company in a research report on Monday, January 24th. KeyCorp started coverage on shares of Ballard Power Systems in a research report on Wednesday, January 5th. They set a “sector weight” rating for the company. Citigroup cut their price objective on Ballard Power Systems from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, March 16th. Finally, National Bankshares cut their price objective on Ballard Power Systems from $20.00 to $14.00 and set an “outperform” rating for the company in a research note on Tuesday, March 15th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Ballard Power Systems presently has an average rating of “Hold” and a consensus target price of $16.00.

BLDP opened at $8.84 on Friday. Ballard Power Systems Inc. has a 1-year low of $8.31 and a 1-year high of $23.13. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -23.26 and a beta of 1.55. The company’s 50 day simple moving average is $10.78 and its two-hundred day simple moving average is $12.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 14.78 and a quick ratio of 14.16.

Ballard Power Systems (NASDAQ:BLDPGet Rating) (TSE:BLD) last issued its earnings results on Friday, March 11th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). Ballard Power Systems had a negative return on equity of 8.33% and a negative net margin of 109.29%. The company had revenue of $36.71 million during the quarter, compared to analyst estimates of $28.84 million. On average, equities analysts anticipate that Ballard Power Systems Inc. will post -0.46 earnings per share for the current fiscal year.

Ballard Power Systems Company Profile (Get Rating)

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products primarily in Canada. The company offers heavy duty modules, marine systems, fuel cell stacks, backup power systems, and material handling products. It also provides technology solutions, including engineering and technology transfer, as well as the licenses and sells intellectual property portfolio and fundamental knowledge for various proton exchange membrane fuel cell applications.

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

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