Brokerages Expect Ballard Power Systems Inc (BLDP) Will Announce Quarterly Sales of $20.90 Million

Analysts expect that Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) will post sales of $20.90 million for the current quarter, Zacks reports. Two analysts have made estimates for Ballard Power Systems’ earnings, with the highest sales estimate coming in at $21.00 million and the lowest estimate coming in at $20.80 million. Ballard Power Systems posted sales of $20.10 million during the same quarter last year, which suggests a positive year over year growth rate of 4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 7th.

On average, analysts expect that Ballard Power Systems will report full-year sales of $97.60 million for the current financial year, with estimates ranging from $95.50 million to $99.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $136.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). Ballard Power Systems had a negative net margin of 28.30% and a negative return on equity of 15.06%. The business had revenue of $28.50 million during the quarter, compared to the consensus estimate of $23.50 million.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Ballard Power Systems from a “sell” rating to a “buy” rating and set a $3.25 price objective on the stock in a research note on Monday, January 7th. BidaskClub lowered shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Ballard Power Systems in a research note on Thursday, December 13th. Finally, TheStreet raised shares of Ballard Power Systems from a “d” rating to a “c-” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Ballard Power Systems presently has a consensus rating of “Hold” and an average price target of $3.45.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of Ballard Power Systems by 57.3% during the fourth quarter. Jane Street Group LLC now owns 16,149 shares of the technology company’s stock valued at $39,000 after purchasing an additional 5,882 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Ballard Power Systems by 10.2% during the fourth quarter. Alps Advisors Inc. now owns 80,176 shares of the technology company’s stock valued at $192,000 after purchasing an additional 7,401 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Ballard Power Systems by 64.0% during the fourth quarter. Cetera Advisors LLC now owns 21,138 shares of the technology company’s stock valued at $47,000 after purchasing an additional 8,248 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Ballard Power Systems during the fourth quarter valued at about $54,000. Finally, HRT Financial LLC bought a new position in shares of Ballard Power Systems during the third quarter valued at about $132,000. 2.76% of the stock is currently owned by institutional investors.

Shares of Ballard Power Systems stock traded up $0.02 during trading hours on Friday, reaching $3.01. The company’s stock had a trading volume of 265,300 shares, compared to its average volume of 624,764. Ballard Power Systems has a one year low of $2.25 and a one year high of $4.62. The firm has a market capitalization of $541.74 million, a price-to-earnings ratio of -23.15 and a beta of 2.19. The company has a current ratio of 5.48, a quick ratio of 4.87 and a debt-to-equity ratio of 0.02.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.

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