In today’s recent session, 1.2 million shares of the Ballard Power Systems Inc (NASDAQ:BLDP) have been traded, and its beta is 1.81. Most recently the company’s share price was $1.29, and it changed around -$0.01 or -0.81% from the last close, which brings the market valuation of the company to $386.41M. BLDP at last check was trading at a discount to its 52-week high of $3.38, offering almost -162.02% off that amount. The share price’s 52-week low was $1.08, which indicates that the recent value has risen by an impressive 16.28% since then. We note from Ballard Power Systems Inc’s average daily trading volume that its 10-day average is 7.29 million shares, with the 3-month average coming to 9.78 million.
Ballard Power Systems Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.25. If we narrow it down even further, the data shows that 2 out of 17 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 12 recommended BLDP as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Ballard Power Systems Inc is expected to report earnings per share of -0.11 for the current quarter.
Ballard Power Systems Inc (NASDAQ:BLDP) trade information
Instantly BLDP has been showing red trend so far today with a performance of -0.81% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.3800 on recent trading dayincreased the stock’s daily price by 6.52%. The company’s shares are currently down -22.32% year-to-date, but still down -3.77% over the last five days. On the other hand, Ballard Power Systems Inc (NASDAQ:BLDP) is -3.77% down in the 30-day period. We can see from the shorts that 17.02 million shares have been sold at a short interest cover period of 1.74 day(s).
The consensus price target as assigned by Wall Street analysts is $1.25, which translates to bulls needing to decrease their stock price by -3.2% from its current value. Analyst projections state that BLDP is forecast to be at a low of $1 and a high of $2.
Ballard Power Systems Inc (BLDP) estimates and forecasts
The year-over-year growth rate is expected to be 39.48%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 16.82M in revenue for the current quarter. 11 analysts expect Ballard Power Systems Inc to make 19.97M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 14.45M and 16M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.38%. Forecasts for the next quarter put sales growth at 24.83%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -45.23%. Ballard Power Systems Inc earnings are expected to increase by 64.19% in 2025, but the outlook is positive 36.08% per year for the next five years.
Ballard Power Systems Inc (NASDAQ:BLDP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.52% of Ballard Power Systems Inc shares, and 28.52% of them are in the hands of institutional investors. The stock currently has a share float of 33.76%. Ballard Power Systems Inc stock is held by 241.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.1912% of the shares, which is about 9.54 million shares worth $21.47 million.
LEGAL & GENERAL GROUP PLC, with 2.6146% or 7.83 million shares worth $17.68 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Invesco WilderHill Clean Energy ETF and Global X Autonomous & Electric Vehicles ETF were the top two Mutual Funds as of Feb 28, 2025. The former held 2.74 shares worth $3.51 million, making up 0.92% of all outstanding shares. On the other hand, Global X Autonomous & Electric Vehicles ETF held roughly 2.33 shares worth around $2.98 million, which represents about 0.78% of the total shares outstanding.
