Vanguard Personalized Indexing Management LLC Boosts Stake in Ballard Power Systems, Inc. $BLDP

Vanguard Personalized Indexing Management LLC boosted its stake in Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) by 21.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,459 shares of the technology company’s stock after acquiring an additional 5,482 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Ballard Power Systems were worth $48,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Ballard Power Systems by 20.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,916,541 shares of the technology company’s stock worth $5,408,000 after purchasing an additional 829,012 shares during the period. Jane Street Group LLC lifted its holdings in Ballard Power Systems by 56.2% in the first quarter. Jane Street Group LLC now owns 1,485,948 shares of the technology company’s stock worth $1,635,000 after acquiring an additional 534,834 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ballard Power Systems by 7.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,081,746 shares of the technology company’s stock worth $4,499,000 after acquiring an additional 285,317 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Ballard Power Systems in the first quarter valued at approximately $40,000. Finally, Amundi increased its stake in shares of Ballard Power Systems by 16.1% during the first quarter. Amundi now owns 68,140 shares of the technology company’s stock valued at $74,000 after acquiring an additional 9,454 shares during the period. Hedge funds and other institutional investors own 28.02% of the company’s stock.

Ballard Power Systems Stock Down 0.9%

Shares of BLDP stock opened at $3.41 on Tuesday. The firm’s fifty day moving average price is $2.71 and its two-hundred day moving average price is $1.96. Ballard Power Systems, Inc. has a 1 year low of $1.00 and a 1 year high of $4.10. The firm has a market capitalization of $1.02 billion, a P/E ratio of -3.44 and a beta of 1.80. The company has a current ratio of 9.31, a quick ratio of 8.32 and a debt-to-equity ratio of 0.03.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its earnings results on Monday, August 11th. The technology company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. The business had revenue of $17.98 million during the quarter, compared to the consensus estimate of $17.94 million. Ballard Power Systems had a negative net margin of 409.35% and a negative return on equity of 21.52%. On average, equities analysts predict that Ballard Power Systems, Inc. will post -0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BLDP shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ballard Power Systems in a research report on Wednesday, October 8th. HSBC set a $3.40 price target on shares of Ballard Power Systems in a report on Thursday, October 9th. UBS Group boosted their price target on shares of Ballard Power Systems from $1.40 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Wells Fargo & Company boosted their price target on shares of Ballard Power Systems from $1.00 to $1.50 and gave the company an “underweight” rating in a report on Wednesday, August 13th. Finally, Zacks Research upgraded shares of Ballard Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $2.00.

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.