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Ballard Power Systems Inc. (BLDP) – Don’t Believe the Hype: Check The Facts

389 institutions hold shares in Ballard Power Systems Inc. (BLDP), with 10.98M shares held by insiders accounting for 3.70% while institutional investors hold 35.73% of the company’s shares. The shares outstanding are 268.85M, and float is at 225.22M with Short Float at 7.89%. Institutions hold 34.41% of the Float.

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The top institutional shareholder in the company is FMR, LLC with over 15.22 million shares valued at $356.11 million. The investor’s holdings represent 5.12% of the BLDP Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 6.26 million shares valued at $146.52 million to account for 2.11% of the shares outstanding. The other top investors are Marshall Wace LLP which holds 3.6 million shares representing 1.21% and valued at over $84.34 million, while BNP Paribas Asset Management Holding S.A. holds 1.12% of the shares totaling 3.31 million with a market value of $77.54 million.

Ballard Power Systems Inc. (NASDAQ: BLDP) is -0.60% lower on its value in year-to-date trading and has touched a low of $8.55 and a high of $42.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BLDP stock was last observed hovering at around $24.44 in the last trading session, with the day’s loss setting it -1.18% off its average median price target of $34.00 for the next 12 months. It is also 44.62% off the consensus price target high of $42.00 offered by 16 analysts, but current levels are 1.02% higher than the price target low of $23.50 for the same period.

Currently trading at $23.26, the stock is -4.16% and -20.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.48 million and changing -4.83% at the moment leaves the stock 10.25% off its SMA200. BLDP registered 174.94% gain for a year compared to 6-month gain of 32.61%. The firm has a 50-day simple moving average (SMA 50) of $26.07 and a 200-day simple moving average (SMA200) of $23.43.

The stock witnessed a 9.98% loss in the last 1 month and extending the period to 3 months gives it a 0.78%, and is 2.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.19% over the week and 7.60% over the month.

Ballard Power Systems Inc. (BLDP) has around 785 employees, a market worth around $6.63B and $103.90M in sales. Profit margin for the company is -49.50%. Distance from 52-week low is 172.05% and -44.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.30%).

Ballard Power Systems Inc. (BLDP) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Ballard Power Systems Inc. (BLDP) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 3 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Ballard Power Systems Inc. is expected to release its quarterly report on 08/04/2021 and quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $26.12M over the same period.The EPS is expected to shrink by -31.30% this year, but quarterly earnings will post 18.80% year-over-year. Quarterly sales are estimated to grow 8.80% in year-over-year returns.

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Ballard Power Systems Inc. (BLDP): Who are the competitors?

The company’s main competitors (and peers) include Plug Power Inc. (PLUG) that is trading 766.12% up over the past 12 months and Canadian Solar Inc. (CSIQ) that is 179.29% higher over the same period. Short interest in the company’s stock has fallen -53.99% from the last report on Mar 14, 2021 to stand at a total of 17.77 million short shares sold with a short interest ratio of 2.2.

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