Ballard Power Systems (USA) (BLDP) : Sageworth Trust Co added new position in Ballard Power Systems (USA) during the most recent quarter end. The investment management firm now holds 20,000 shares of Ballard Power Systems (USA) which is valued at $46,400 , the company said in a statement filed on Oct 17, 2016 with the SEC.Ballard Power Systems (USA) makes up approximately 0.01% of Sageworth Trust Co’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in BLDP by selling 3,500 shares or 99.72% in the most recent quarter. The Hedge Fund company now holds 10 shares of BLDP which is valued at $24. Simplex Trading sold out all of its stake in BLDP during the most recent quarter. The investment firm sold 4,626 shares of BLDP which is valued $11,010.
Ballard Power Systems (USA) opened for trading at $2.2 and hit $2.41 on the upside on Friday, eventually ending the session at $2.32, with a gain of 5.45% or 0.12 points. The heightened volatility saw the trading volume jump to 17,68,055 shares. Company has a market cap of $364 M.
On the company’s financial health, Ballard Power Systems (USA) reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 27, 2015. Analyst had a consensus of $-0.04. The company had revenue of $16.00 million for the quarter, compared to analysts expectations of $16.10 million. The company’s revenue was down -22.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Ballard Power Systems (USA). Company shares were Upgraded by FBR Capital on Jul 28, 2016 to ” Outperform”, Firm has raised the Price Target to $ 3 from a previous price target of $1.50 .
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.