Ballard Power Systems Inc. [BLDP] Revenue clocked in at $103.90 million, down -14.23% YTD: What’s Next?

Ballard Power Systems Inc. [NASDAQ: BLDP] traded at a high on 04/21/21, posting a 3.88 gain after which it closed the day’ session at $20.07. The company report on April 20, 2021 that Ballard Announces Membership in Hydra Consortium for Delivery of Fuel Cell-Powered Heavy-Duty Mobility in Mining.

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Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) announced that it is a member of the Hydra Consortium – together with Mining3, a leading research organization in the global mining industry and ENGIE, a global player in low-carbon energy and services. The Hydra Consortium will enable heavy-duty mining mobile equipment to run on renewable hydrogen, displacing diesel and decarbonizing the mining sector. Ballard will provide zero-emission fuel cell systems that run on hydrogen, to power mining equipment.

The Hydra Consortium is now actively working to validate the business case for a hydrogen fuel cell-based powertrain in heavy-duty mobility within the mining sector. To achieve the target of displacing diesel, several workstreams will be executed, including the design, manufacturing and testing of a 200-kilowatt fuel cell plus battery powertrain prototype operating under mining conditions (altitude, dust, temperature, etc.). The fuel cell will use renewable hydrogen as fuel to generate electricity and power a mining vehicle, with the battery allowing for regenerative braking and also providing peak power.

The results of the trading session contributed to over 7297990 shares changing hands. Over the past one week, the price volatility of Ballard Power Systems Inc. stands at 8.41% while the volatility over the past one month is 6.78%.

The market cap for BLDP stock reached $5.45 billion, with 268.85 million shares outstanding and 225.22 million shares in the current float. Compared to the average trading volume of 6.19M shares, BLDP reached a trading volume of 7297990 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 $32.68 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.

Wells Fargo have made an estimate for Ballard Power Systems Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on April 20, 2021. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on April 16, 2021, representing the official price target for Ballard Power Systems Inc. stock.

The Average True Range (ATR) for Ballard Power Systems Inc. is set at 1.54, with the Price to Sales ratio for BLDP stock in the period of the last 12 months amounting to 52.44. The Price to Book ratio for the last quarter was 5.99, with the Price to Cash per share for the same quarter was set at 2.82.

How has BLDP stock performed recently?

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 -9.31. With this latest performance, BLDP shares dropped by -21.14% in over the last four-week period, additionally plugging by 16.08% over the last 6 months – not to mention a rise of 105.64% 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 37.33, with the RSI for the last a single of trading hit 35.43, and the three-weeks RSI is set at 39.38 for Ballard Power Systems Inc. [BLDP]. The present Moving Average for the last 50 days of trading for this stock 25.95, while it was recorded at 20.34 for the last single week of trading, and 21.46 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 -38.46 and a Gross Margin at +18.98. Ballard Power Systems Inc.’s Net Margin is presently recorded at -47.62.

Return on Total Capital for BLDP is now -7.05, given the latest momentum, and Return on Invested Capital for the company is -8.76. Return on Equity for this stock declined to -9.01, with Return on Assets sitting at -7.88. 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 1.98. Additionally, BLDP Total Debt to Total Capital is recorded at 1.95, with Total Debt to Total Assets ending up at 1.83. Long-Term Debt to Equity for the company is recorded at 1.69, with the Long-Term Debt to Total Capital now at 1.65.

Reflecting on the efficiency of the workforce at the company, Ballard Power Systems Inc. [BLDP] managed to generate an average of -$84,526 per employee. Receivables Turnover for the company is 2.04 with a Total Asset Turnover recorded at a value of 0.17.Ballard Power Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 15.90 and a Current Ratio set at 16.40.

Earnings analysis for Ballard Power Systems Inc. [BLDP]

With the latest financial reports released by the company, Ballard Power Systems Inc. posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -50.00%. 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 $1,478 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 6,261,331 shares of the stock with an approximate value of $120.97 million in BLDP stocks shares; and MARSHALL WACE, LLP, currently with $69.63 million in BLDP stock with ownership of nearly 101.508% of the company’s market capitalization.

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Positions in Ballard Power Systems Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 152 institutional holders increased their position in Ballard Power Systems Inc. [NASDAQ:BLDP] by around 38,494,576 shares. Additionally, 55 investors decreased positions by around 13,418,604 shares, while 38 investors held positions by with 24,595,952 shares. The mentioned changes placed institutional holdings at 76,509,132 shares, according to the latest SEC report filing. BLDP stock had 72 new institutional investments in for a total of 8,966,982 shares, while 23 institutional investors sold positions of 2,724,477 shares during the same period.

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