FBR Capital Upgrades Ballard Power Systems (USA) to Outperform

Brokerage firm FBR Capital Upgrades its rating on Ballard Power Systems (USA)(NASDAQ:BLDP). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by FBR Capital was issued on Jul 28, 2016.

Ballard Power Systems (USA) (BLDP) remained unchanged at the close of Thursday session. Even as the volume increased to 3,22,721 ,the shares failed to make any impression and ended at 0 points or 0.00% at $2. The trading session commenced at $2 and the stock hit a high of $2.04 and touched $1.98 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $2.15 and the 52-week low is $1.07. The company has a market cap of $314 M and has approximately 15,69,45,270 outstanding shares.

Ballard Power Systems (USA)(BLDP) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $17.60M. Analysts had an estimated revenue of $18.32M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.04.

Ballard Power Systems Inc. is engaged in development and commercialization of proton exchange membrane (PEM) fuel cell. The Company’s 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 Company’s 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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