H.C. Wainwright Remains a Buy on Ballard Power Systems

By Austin Angelo

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Ballard Power Systems (NASDAQ: BLDP) today and set a price target of $6. The company’s shares closed yesterday at $3.17.

According to TipRanks.com, Dayal is a 1-star analyst with an average return of -1.0% and a 38.3% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pacific Ethanol, and Plug Power.

Ballard Power Systems has an analyst consensus of Moderate Buy, with a price target consensus of $4.69.

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The company has a one-year high of $5.94 and a one-year low of $2.55. Currently, Ballard Power Systems has an average volume of 1.39M.

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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.