Ballard Power Systems (NASDAQ:BLDP) Posts Earnings Results, Beats Estimates By $0.02 EPS

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) posted its quarterly earnings data on Monday. The technology company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02, Briefing.com reports. The company had revenue of $16.00 million for the quarter, compared to analyst estimates of $19.36 million. Ballard Power Systems had a negative net margin of 177.82% and a negative return on equity of 15.37%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) EPS.

Ballard Power Systems Stock Up 1.1 %

Shares of Ballard Power Systems stock opened at $1.86 on Tuesday. Ballard Power Systems has a 52-week low of $1.79 and a 52-week high of $4.70. The firm’s 50 day moving average price is $2.39 and its 200-day moving average price is $2.78. The company has a quick ratio of 10.88, a current ratio of 11.66 and a debt-to-equity ratio of 0.03. The company has a market cap of $556.90 million, a P/E ratio of -2.97 and a beta of 1.77.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Securities downgraded shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a report on Monday. Truist Financial reiterated a “hold” rating and issued a $3.00 target price (down previously from $3.50) on shares of Ballard Power Systems in a research note on Wednesday, May 8th. HSBC dropped their price target on shares of Ballard Power Systems from $4.10 to $3.80 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Wells Fargo & Company reduced their price objective on shares of Ballard Power Systems from $3.50 to $3.00 and set an “underweight” rating for the company in a research note on Thursday, May 9th. Finally, National Bankshares cut their price target on Ballard Power Systems from $4.50 to $4.00 and set a “sector perform” rating for the company in a report on Wednesday, May 8th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Ballard Power Systems has a consensus rating of “Hold” and a consensus price target of $3.13.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.