Ballard Power Systems Inc. [NASDAQ: BLDP] slipped around -3.72 points on Friday, while shares priced at $30.83 at the close of the session, down -10.78%. The company report on January 12, 2021 that Ballard Announces Order for Modules to Power Scotland’s First Fuel Cell-Powered Train.
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) announced a purchase order from Arcola Energy (“Arcola”; www.arcolaenergy.com), a U.K.-based leader in hydrogen and fuel cell integration specializing in zero-emission solutions for heavy-duty vehicles and transport applications, for Ballard FCmoveTM-HD fuel cell modules to power a passenger train planned for demonstration during COP26, to be hosted by Glasgow City in November 2021. This project will contribute to Scotland’s goal for net zero emissions by 2035.
Scottish Enterprise, Transport Scotland and the Hydrogen Accelerator, based at the University of St. Andrews, have appointed Arcola and a consortium of industry leaders in hydrogen fuel cell integration, rail engineering and functional safety to deliver Scotland’s first hydrogen-powered train. The consortium will convert a Class 314 car passenger train, made available by ScotRail, into a deployment-ready and certified platform for hydrogen-powered train development. The Bo’ness and Kinneil Railway will provide engineering facilities and support for testing and public demonstrations.
Ballard Power Systems Inc. stock is now 31.73% up from its year-to-date (YTD) trading value. BLDP Stock saw the intraday high of $32.75 and lowest of $30.20 per share. The company’s 52-week high price is 38.00, which means current price is +39.42% above from all time high which was touched on 01/13/21.
Compared to the average trading volume of 5.46M shares, BLDP reached a trading volume of 9538320 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Ballard Power Systems Inc. [BLDP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLDP shares is $24.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLDP stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Securities have made an estimate for Ballard Power Systems Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 14, 2021. The new note on the price target was released on January 14, 2021, representing the official price target for Ballard Power Systems Inc. stock. Previously, the target price had yet another raise to $40, while Raymond James analysts kept a Strong Buy rating on BLDP stock.
The Average True Range (ATR) for Ballard Power Systems Inc. is set at 2.33, with the Price to Sales ratio for BLDP stock in the period of the last 12 months amounting to 72.22. The Price to Book ratio for the last quarter was 15.34, with the Price to Cash per share for the same quarter was set at 1.32.
How has BLDP stock performed recently?
Ballard Power Systems Inc. [BLDP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.88. With this latest performance, BLDP shares gained by 58.97% in over the last four-week period, additionally plugging by 57.96% over the last 6 months – not to mention a rise of 178.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLDP stock in for the last two-week period is set at 63.20, with the RSI for the last a single of trading hit 60.45, and the three-weeks RSI is set at 63.89 for Ballard Power Systems Inc. [BLDP]. The present Moving Average for the last 50 days of trading for this stock 21.37, while it was recorded at 33.05 for the last single week of trading, and 15.92 for the last 200 days.
Ballard Power Systems Inc. [BLDP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Ballard Power Systems Inc. [BLDP] shares currently have an operating margin of -26.38 and a Gross Margin at +20.49. Ballard Power Systems Inc.’s Net Margin is presently recorded at -36.73.
Return on Total Capital for BLDP is now -10.01, given the latest momentum, and Return on Invested Capital for the company is -14.01. Return on Equity for this stock declined to -14.59, with Return on Assets sitting at -11.34. When it comes to the capital structure of this company, Ballard Power Systems Inc. [BLDP] has a Total Debt to Total Equity ratio set at 7.89. Additionally, BLDP Total Debt to Total Capital is recorded at 7.31, with Total Debt to Total Assets ending up at 5.80. Long-Term Debt to Equity for the company is recorded at 6.92, with the Long-Term Debt to Total Capital now at 6.41.
Reflecting on the efficiency of the workforce at the company, Ballard Power Systems Inc. [BLDP] managed to generate an average of -$84,943 per employee. Receivables Turnover for the company is 2.42 with a Total Asset Turnover recorded at a value of 0.31.Ballard Power Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.40 and a Current Ratio set at 9.10.
Earnings analysis for Ballard Power Systems Inc. [BLDP]
With the latest financial reports released by the company, Ballard Power Systems Inc. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BLDP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ballard Power Systems Inc. go to 0.03%.
Insider trade positions for Ballard Power Systems Inc. [BLDP]
There are presently around $1,585 million, or 16.40% of BLDP stock, in the hands of institutional investors. The top three institutional holders of BLDP stocks are: FIL LTD with ownership of 9,881,755, which is approximately New of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 5,547,453 shares of the stock with an approximate value of $171.0 million in BLDP stocks shares; and MIROVA, currently with $79.74 million in BLDP stock with ownership of nearly New of the company’s market capitalization.
Positions in Ballard Power Systems Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 104 institutional holders increased their position in Ballard Power Systems Inc. [NASDAQ:BLDP] by around 34,073,657 shares. Additionally, 55 investors decreased positions by around 3,065,092 shares, while 34 investors held positions by with 14,288,062 shares. The mentioned changes placed institutional holdings at 51,426,811 shares, according to the latest SEC report filing. BLDP stock had 49 new institutional investments in for a total of 20,794,988 shares, while 24 institutional investors sold positions of 1,749,339 shares during the same period.