CIBC analyst Krista Friesen maintained a Hold rating on Ballard Power Systems (BLDP – Research Report) today and set a price target of $3.50. The company’s shares opened today at $2.79.
According to TipRanks, Friesen is a 2-star analyst with an average return of -0.4% and a 40.00% success rate.
In addition to CIBC, Ballard Power Systems also received a Hold from KeyBanc’s Sangita Jain in a report issued today. However, on the same day, Piper Sandler maintained a Sell rating on Ballard Power Systems (NASDAQ: BLDP).
The company has a one-year high of $5.68 and a one-year low of $2.42. Currently, Ballard Power Systems has an average volume of 2.98M.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLDP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ballard Power Systems (BLDP) Company Description:
Ballard Power Systems Inc is a clean energy growth company. The company is engaged in proton exchange membrane fuel cell development and commercialization. The company’s main business is the design, development, manufacture, sale, and service of fuel cell products for a variety of applications, focusing on motive power (material handling and buses) and stationary power (back-up power, supplemental power, and distributed generation). A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Geographically, it has a presence in China, Europe, North America and other of which Europe generates maximum revenue.
