Brokerage Firm Rating on Ballard Power Systems (BLDP)

Ballard Power Systems (BLDP) : 5 analysts are covering Ballard Power Systems (BLDP) and their average rating on the stock is 1.4, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Ballard Power Systems (BLDP) : The highest short term price target forecast on Ballard Power Systems (BLDP) is $3 and the lowest target price is $2. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $2.42 with a standard deviation of $0.62.


For the current week, the company shares have a recommendation consensus of Buy. 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 $1.76 and $1.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.82, notching a gain of 2.82% for the day. The total traded volume was 768,157 . The stock had closed at $1.77 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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