What is Roth Capital’s Estimate for BLDP FY2024 Earnings?

Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) – Investment analysts at Roth Capital increased their FY2024 earnings estimates for Ballard Power Systems in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst C. Irwin now expects that the technology company will post earnings of ($0.47) per share for the year, up from their prior forecast of ($0.50). The consensus estimate for Ballard Power Systems’ current full-year earnings is ($0.48) per share. Roth Capital also issued estimates for Ballard Power Systems’ Q4 2024 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.08) EPS and FY2025 earnings at ($0.35) EPS.

Several other research firms also recently issued reports on BLDP. BMO Capital Markets reduced their price target on Ballard Power Systems from $2.25 to $1.70 and set an “underperform” rating for the company in a research note on Tuesday, August 13th. HSBC cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup lowered their price target on shares of Ballard Power Systems from $3.50 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, September 30th. StockNews.com raised shares of Ballard Power Systems to a “sell” rating in a report on Friday, November 1st. Finally, National Bankshares decreased their target price on shares of Ballard Power Systems from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 13th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.78.

Ballard Power Systems Price Performance

Ballard Power Systems stock opened at $1.35 on Friday. The company has a market capitalization of $404.22 million, a price-to-earnings ratio of -1.23 and a beta of 1.78. The company has a current ratio of 9.01, a quick ratio of 10.05 and a debt-to-equity ratio of 0.03. Ballard Power Systems has a 12 month low of $1.27 and a 12 month high of $4.02. The stock’s 50 day moving average is $1.67 and its 200-day moving average is $2.20.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings results on Monday, August 12th. The technology company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The business 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 357.78% and a negative return on equity of 19.96%. Ballard Power Systems’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) EPS.

Institutional Investors Weigh In On Ballard Power Systems

A number of large investors have recently modified their holdings of BLDP. Endowment Wealth Management Inc. acquired a new position in shares of Ballard Power Systems during the 1st quarter worth $28,000. Tidal Investments LLC acquired a new position in Ballard Power Systems during the first quarter worth about $39,000. Scientech Research LLC bought a new position in shares of Ballard Power Systems in the second quarter worth about $52,000. Daiwa Securities Group Inc. grew its holdings in shares of Ballard Power Systems by 149.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,047 shares of the technology company’s stock valued at $54,000 after purchasing an additional 14,415 shares during the last quarter. Finally, Westwood Holdings Group Inc. acquired a new position in Ballard Power Systems during the 1st quarter worth approximately $59,000. Institutional investors and hedge funds own 28.02% of the company’s stock.

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.