Ballard Power Systems (BLDP) Receives Price Target

Ballard Power Systems (BLDP) : 5 investment research analysts covering Ballard Power Systems (BLDP) have an average price target of $2.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $3 and the lowest target is $2 for the short term. Analysts expect the variance to be within $0.5 of the average price.

Ballard Power Systems (BLDP) : Zacks Investment Research ranks Ballard Power Systems (BLDP) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.4, which indicates as a Strong Buy.


Also, FBR Capital upgrades their rating on the shares of Ballard Power Systems (NASDAQ:BLDP). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on July 28, 2016.

Ballard Power Systems (NASDAQ:BLDP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.16 and $2.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.10, notching a gain of 0.96% for the day. The total traded volume was 674,827 . The stock had closed at $2.08 on the previous day.

Ballard Power Systems Inc. is engaged in development and commercialization of proton exchange membrane (PEM) fuel cell. The Companys principal business is the design, development, manufacture, sale and service of fuel cell products for a variety of applications, focusing on the telecom backup power, material handling, bus and distributed generation markets. It also offers engineering services for various fuel cell applications. It offers tools and technologies for development, optimization, integration and validation of fuel cell components, stacks and systems. It has a portfolio of commercial solutions, including fuel cell stacks, modules and systems. The Companys fuel cell stacks include FCgen-1020ACS, FCgen-1300 and FCvelocity-9SSL. Its fuel cell modules include FCvelocity-HD6. Its complete fuel cell systems include ElectraGen-ME, ElectraGen-H2 and ClearGen.

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