Ballard Power Systems Inc. [NASDAQ: BLDP] stock went on a downward path that fall over -13.28% on Wednesday, amounting to a one-week price decrease of less than -4.32%. The company report on February 11, 2021 that Ballard Signs Joint Development Agreement with Chart Industries For Heavy-Duty Mobility Onboard Hydrogen Solutions.
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) announced that it has signed a non-binding Memorandum of Understanding (MOU) with Chart Industries, Inc. (“Chart”; www.chartindustries.com; NYSE: GTLS) – a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries – for the joint development of integrated system solutions that include a fuel cell engine with onboard liquid hydrogen (“LH2”) storage and vaporization for the transportation industry, with a focus on heavy-duty applications including buses, trucks, rail and marine vessels.
Both Ballard and Chart have provided hydrogen solutions and equipment to industry for multiple decades (nearly 100 years in total), including a very rapid increase in sales activity in 2020 and year-to-date 2021. This collaboration of two industry veterans is targeted to enable accelerated adoption of hydrogen in heavy-duty transport applications requiring long range, rapid refueling and lowest total cost of ownership of the vehicle.
Over the last 12 months, BLDP stock rose by 220.13%. The one-year Ballard Power Systems Inc. stock forecast points to a potential downside of -8.4. The average equity rating for BLDP stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $9.90 billion, with 246.06 million shares outstanding and 225.39 million shares in the current float. Compared to the average trading volume of 6.33M shares, BLDP stock reached a trading volume of 17921268 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $32.72 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 2.30. 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.
CIBC have made an estimate for Ballard Power Systems Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 01, 2021. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on January 27, 2021, representing the official price target for Ballard Power Systems Inc. stock. Previously, the target price had yet another raise to $42, while Citigroup analysts kept a Buy rating on BLDP stock.
The Average True Range (ATR) for Ballard Power Systems Inc. is set at 2.80, with the Price to Sales ratio for BLDP stock in the period of the last 12 months amounting to 84.48. The Price to Book ratio for the last quarter was 17.65, with the Price to Cash per share for the same quarter was set at 1.30.
BLDP Stock Performance Analysis:
Ballard Power Systems Inc. [BLDP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.32. With this latest performance, BLDP shares gained by 22.48% in over the last four-week period, additionally plugging by 156.66% over the last 6 months – not to mention a rise of 220.13% 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 54.06, with the RSI for the last a single of trading hit 48.08, and the three-weeks RSI is set at 57.13 for Ballard Power Systems Inc. [BLDP]. The present Moving Average for the last 50 days of trading for this stock 27.84, while it was recorded at 38.84 for the last single week of trading, and 18.23 for the last 200 days.
Insight into Ballard Power Systems Inc. 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.
BLDP Stock EPS
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%.
Ballard Power Systems Inc. [BLDP] Insider Position Details
There are presently around $2,577 million, or 16.40% of BLDP stock, in the hands of institutional investors. The top three institutional holders of BLDP stocks are: FMR LLC with ownership of 15,218,285, which is approximately 80096136.842% 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 $226.89 million in BLDP stocks shares; and MIROVA, currently with $105.81 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 127 institutional holders increased their position in Ballard Power Systems Inc. [NASDAQ:BLDP] by around 42,718,277 shares. Additionally, 52 investors decreased positions by around 10,732,803 shares, while 36 investors held positions by with 9,546,679 shares. The mentioned changes placed institutional holdings at 62,997,759 shares, according to the latest SEC report filing. BLDP stock had 64 new institutional investments in for a total of 12,543,298 shares, while 23 institutional investors sold positions of 1,296,681 shares during the same period.