Ballard Power Systems (TSE:BLDP) Insider Sells C$13,772,286.22 in Stock

Ballard Power Systems Inc. (TSE:BLDP – Get Free Report) insider Ltd. Weichai Power Co. sold 2,399,353 shares of Ballard Power Systems stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$5.74, for a total value of C$13,772,286.22. Following the completion of the sale, the insider owned 41,621,248 shares in the company, valued at approximately C$238,905,963.52. The trade was a 5.45% decrease in their ownership of the stock.

Ltd. Weichai Power Co. also recently made the following trade(s):

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• On Tuesday, May 12th, Ltd. Weichai Power Co. sold 2,368,422 shares of Ballard Power Systems stock. The stock was sold at an average price of C$5.80, for a total value of C$13,736,847.60.
• On Friday, May 8th, Ltd. Weichai Power Co. sold 2,111,111 shares of Ballard Power Systems stock. The stock was sold at an average price of C$5.86, for a total value of C$12,371,110.46.

Ballard Power Systems Trading Down 0.2%

Shares of Ballard Power Systems stock opened at C$5.67 on Friday. The stock has a market cap of C$1.71 billion, a P/E ratio of -21.00, a P/E/G ratio of -2,030.00 and a beta of 0.64. The stock’s 50 day simple moving average is C$4.01 and its 200-day simple moving average is C$3.83. Ballard Power Systems Inc. has a 1-year low of C$1.70 and a 1-year high of C$6.62. The company has a debt-to-equity ratio of 3.62, a current ratio of 10.70 and a quick ratio of 13.57.

Ballard Power Systems (TSE:BLDP – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$27.00 million for the quarter. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. Analysts predict that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.

About Ballard Power Systems

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Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.

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