Roth Capital Reiterates a Hold Rating on Ballard Power Systems

By Carrie Williams

Roth Capital analyst Craig Irwin reiterated a Hold rating on Ballard Power Systems (NASDAQ: BLDP) today and set a price target of $3.25. The company’s shares opened today at $3.19.

According to TipRanks.com, Irwin is a 1-star analyst with an average return of -0.4% and a 45.7% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Revolution Lighting Technologies, Capstone Turbine Corp, and Orion Energy Systems.

Currently, the analyst consensus on Ballard Power Systems is Moderate Buy and the average price target is $4.69, representing a 47.0% upside.

In a report released yesterday, Cowen & Co. also reiterated a Hold rating on the stock with a $4 price target.

The company has a one-year high of $5.94 and a one-year low of $1.97. Currently, Ballard Power Systems has an average volume of 2.09M.

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Ballard Power Systems, Inc. engages in design, development, manufacture, sale and service of fuel cell products. It provides clean energy fuel cell products enabling optimized power systems for applications. The company was founded on November 12, 2008 and is headquartered in Burnaby, Canada.