H.C. Wainwright Keeps Their Buy Rating on Ballard Power Systems (BLDP)

By Ryan Adsit

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Ballard Power Systems (BLDPResearch Report), with a price target of $4.50. The company’s shares closed yesterday at $3.39.

According to TipRanks.com, Dayal has 0 stars on 0-5 star ranking scale with an average return of -2.2% and a 48.2% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Westport Fuel Systems Inc, and AgroFresh Solutions Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ballard Power Systems with a $3.75 average price target.

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The company has a one-year high of $4.62 and a one-year low of $2.25. Currently, Ballard Power Systems has an average volume of 655.8K.

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Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions.