TD Securities analyst Aaron Macneil is maintaining a Hold rating on Ballard Power Systems (BLDP) but has adjusted the price target from $3.75 to $3.
The company’s shares started the day at $5.51, and the average price target for Ballard Power Systems stands at C$4.40. The consensus rating for BLDP is a Moderate Sell, with 0 buy ratings, 1 hold rating, and 1 sell rating.
Analysts are forecasting a potential 5.22% increase for BLDP over the next 12 months, with BMO Capital setting the latest price target at $3.00 on March 12, 2024.
Ballard Power Systems Inc. (BLDP) Sees Significant Price Drop on March 12, 2024: What Investors Need to Know
Ballard Power Systems Inc. (BLDP) had a rough day on March 12, 2024, as the stock experienced a significant drop in its price. Trading near the bottom of its 52-week range and below its 200-day simple moving average, BLDP opened at $2.98, $0.02 lower than its previous close.
Throughout the trading day, BLDP shares continued to decline, with a price decrease of $0.15 since the market last closed. This represents a 5.17% drop in the stock’s value, signaling a bearish trend for investors.
Investors should closely monitor the price momentum of BLDP in the coming days to assess whether the stock will be able to recover from its recent losses. It is important to consider the overall market conditions and company-specific factors that may impact BLDP’s performance in order to make informed investment decisions.
Ballard Power Systems Inc. Reports 22.18% Increase in Total Revenue – Future Growth Potential in Clean Energy Solutions
Ballard Power Systems Inc. (BLDP) reported total revenue of $102.37 million for the past year, representing a 22.18% increase compared to the previous year. However, the total revenue for the last quarter was $46.14 million, holding flat since the previous quarter. BLDP reported a net loss of $177.72 million for the past year, an improvement of 2.43% compared to the previous year. The net loss for the last quarter was $17.74 million, showing no change since the previous quarter. The earnings per share (EPS) for the past year was reported at -$0.59, representing a 2.23% increase compared to the previous year. The EPS for the last quarter was -$0.17, showing no change since the previous quarter. Despite mixed results, BLDP’s stock performance on March 12, 2024, remained relatively stable. Investors and analysts will be monitoring the company’s future financial reports to see if BLDP can maintain its growth trajectory and improve profitability. With the increasing focus on clean energy solutions, Ballard Power Systems Inc. could potentially benefit from the growing demand for fuel cell technology in various industries.
