The FY2016 EPS Estimates for Ballard Power Systems Inc. Increased by Roth Capital (BLDP)

The FY2016 EPS Estimates for Ballard Power Systems Inc. Increased by Roth Capital (BLDP)

Ballard Power Systems Inc. (NASDAQ:BLDP) – Equities research analysts at Roth Capital raised their FY2016 earnings estimates for shares of Ballard Power Systems in a report issued on Thursday. Roth Capital analyst C. Irwin now anticipates that the firm will post earnings per share of ($0.16) for the year, up from their prior estimate of ($0.17). Roth Capital currently has a “Buy” rating and a $3.00 price target on the stock. Roth Capital also issued estimates for Ballard Power Systems’ Q4 2016 earnings at ($0.03) EPS, Q1 2017 earnings at ($0.03) EPS and Q2 2017 earnings at ($0.03) EPS.

Several other brokerages have also issued reports on BLDP. Zacks Investment Research lowered Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th. FBR & Co restated an “outperform” rating and issued a $3.00 target price on shares of Ballard Power Systems in a research note on Tuesday, September 27th. Finally, TheStreet upgraded Ballard Power Systems from a “sell” rating to a “hold” rating in a research note on Friday, August 26th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $2.47.

Ballard Power Systems (NASDAQ:BLDP) opened at 2.05 on Monday. Ballard Power Systems has a 52-week low of $1.11 and a 52-week high of $2.53. The company’s market capitalization is $321.74 million. The firm has a 50-day moving average price of $2.16 and a 200 day moving average price of $1.74.

An institutional investor recently raised its position in Ballard Power Systems stock. Bank of Montreal Can raised its stake in Ballard Power Systems Inc. (NASDAQ:BLDP) by 80.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,074 shares of the company’s stock after buying an additional 24,597 shares during the period. Bank of Montreal Can’s holdings in Ballard Power Systems were worth $121,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 4.02% of the company’s stock.

Ballard Power Systems Company Profile

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