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Ballard Power Systems (BLDP) Gets a Hold Rating from H.C. Wainwright

In a report released today, Amit Dayal from H.C. Wainwright maintained a Hold rating on Ballard Power Systems (BLDPResearch Report). The company’s shares closed last Monday at $6.92, close to its 52-week low of $6.85.

According to TipRanks.com, Dayal is a top 25 analyst with an average return of 49.2% and a 41.6% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Capstone Green Energy.

Ballard Power Systems has an analyst consensus of Hold, with a price target consensus of $11.25, a 49.6% upside from current levels. In a report issued on May 2, Truist Financial also initiated coverage with a Hold rating on the stock with a $13.00 price target.

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Ballard Power Systems’ market cap is currently $2.05B and has a P/E ratio of -17.94.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLDP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ballard Power Systems Inc is a clean energy growth company. The company is engaged in proton exchange membrane fuel cell development and commercialization. The company’s main business is the design, development, manufacture, sale, and service of fuel cell products for a variety of applications, focusing on motive power (material handling and buses) and stationary power (back-up power, supplemental power, and distributed generation). A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Geographically, it has a presence in China, Europe, North America and other of which Europe generates maximum revenue.

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