Ballard Power Systems (BLDP) Gets a Hold Rating from Roth Capital

By Jason Carr

Roth Capital analyst Craig Irwin reiterated a Hold rating on Ballard Power Systems (BLDPResearch Report) on November 14 and set a price target of $3. The company’s shares opened today at $2.81, close to its 52-week low of $2.57.

According to TipRanks.com, Irwin is a 3-star analyst with an average return of 0.9% and a 46.1% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Revolution Lighting Technologies, Acuity Brands, and Energy Focus.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ballard Power Systems with a $3.80 average price target, representing a 35.2% upside. In a report issued on November 2, B.Riley FBR also downgraded the stock to Hold with a $3 price target.

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The company has a one-year high of $5.34 and a one-year low of $2.57. Currently, Ballard Power Systems has an average volume of 1.15M.

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Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power. The company was founded on November 12, 2008 and is headquartered in Burnaby, Canada.