PEAK6 Investments L.P. Raises Holdings in Ballard Power Systems, Inc. (BLDP)

PEAK6 Investments L.P. increased its holdings in Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) by 556.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,984 shares of the technology company’s stock after acquiring an additional 183,921 shares during the quarter. PEAK6 Investments L.P. owned about 0.12% of Ballard Power Systems worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BLDP. Dynamic Technology Lab Private Ltd bought a new position in shares of Ballard Power Systems in the 2nd quarter worth about $105,000. First Manhattan Co. bought a new position in shares of Ballard Power Systems in the 3rd quarter worth about $126,000. Renaissance Technologies LLC increased its stake in shares of Ballard Power Systems by 483.1% in the 1st quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock worth $368,000 after acquiring an additional 137,200 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Ballard Power Systems by 16.9% in the 2nd quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock worth $528,000 after acquiring an additional 26,314 shares in the last quarter. Finally, Bluestein R H & Co. increased its stake in shares of Ballard Power Systems by 11.2% in the 3rd quarter. Bluestein R H & Co. now owns 233,000 shares of the technology company’s stock worth $1,090,000 after acquiring an additional 23,500 shares in the last quarter. Institutional investors own 3.07% of the company’s stock.

Several brokerages recently issued reports on BLDP. Cowen reiterated a “hold” rating on shares of Ballard Power Systems in a research note on Friday, November 3rd. B. Riley set a $6.00 price target on shares of Ballard Power Systems and gave the stock a “buy” rating in a research note on Tuesday, November 14th. HC Wainwright reiterated a “buy” rating and issued a $6.00 price target on shares of Ballard Power Systems in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, FBR & Co reiterated a “buy” rating and issued a $6.00 price target on shares of Ballard Power Systems in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.50.

Shares of Ballard Power Systems, Inc. (NASDAQ BLDP) opened at $4.69 on Thursday. The company has a quick ratio of 2.17, a current ratio of 2.70 and a debt-to-equity ratio of 0.05. Ballard Power Systems, Inc. has a 12 month low of $1.61 and a 12 month high of $5.93.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $31.90 million during the quarter, compared to analyst estimates of $28.33 million. Ballard Power Systems had a negative net margin of 5.57% and a negative return on equity of 4.36%. Ballard Power Systems’s revenue was up 54.9% compared to the same quarter last year. During the same period last year, the business earned ($0.02) EPS. equities research analysts forecast that Ballard Power Systems, Inc. will post -0.04 earnings per share for the current fiscal year.

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Ballard Power Systems Company Profile

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

Institutional Ownership by Quarter for Ballard Power Systems (NASDAQ:BLDP)

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