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Ballard Power Systems Inc. (BLDP) Releases Quarterly Earnings Results, Meets Expectations

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04 June, 2017

The company's market cap is $471.77 million. The Firm operates through mixed-signal analog intensive products segment. It has a 44.51 P/E ratio. The Company's assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota. (USA) (NASDAQ:BLDP) news were published by: Fool.ca which released: "Momentum Is Building for Ballard Power Systems Inc." on April 08, 2016, also Seekingalpha.com with their article: "Ballard Power Systems' (BLDP) CEO Randy MacEwen on Q4 2016 Results - Earnings ..." published on March 02, 2017, Seekingalpha.com published: "Ballard Power's Quest For Profitability" on April 24, 2017. (BLDP) lost -0.73% to reach $2.73 in the previous trading session. About 722,782 shares traded. Renaissance Technologies LLC owned 0.09% of Ballard Power Systems worth $368,000 at the end of the most recent quarter. (USA) (NASDAQ:BLDP) has risen 104.41% since May 30, 2016 and is uptrending. It was reported on May, 30 by Barchart.com.

Since January 1, 0001, it had 0 buys, and 9 insider sales for $7.80 million activity. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". The stock has a 50-day moving average of $2.83 and a 200-day moving average of $2.20. SLAB was included in 4 notes of analysts from September 29, 2016. 625,564 shares of the company's stock were exchanged.

Bridgecreek Investment Management Llc holds 1.51% of its portfolio in Terra Nitrogen Company, L.P. for 51,975 shares. Avalon Global Asset Management Llc owns 58,900 shares or 3.14% of their United States portfolio. Moreover, Van Berkom & Associates Inc. has 2.06% invested in the company for 788,561 shares. Analysts set a 12-month price target of $7 a share. Grandeur Peak Global Advisors Llc, a Us-based fund reported 135,940 shares.

Analysts await Silicon Laboratories (NASDAQ:SLAB) to report earnings on July, 26. SLAB's profit will be $21.18M for 37.18 P/E if the $0.50 EPS becomes a reality. Its down 27.03% from 2.81 million shares previously. The company has market cap of $481.53 million. KCG Holdings Inc. raised its position in shares of Ballard Power Systems by 220.0% in the first quarter. It now has negative earnings.

Analysts expect Ballard Power Systems Inc.

Ballard Power Systems (NASDAQ:BLDP) last released its quarterly earnings data on Monday, May 1st. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. FBR & Co restated an "outperform" rating and set a $3.50 target price (up from $3.00) on shares of Ballard Power Systems in a research report on Monday, May 1st.

Maximum and minimum EPS estimate for the current quarter is projected at $-0.01 and $-0.03, respectively, according to 4 analysts.

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