What is Roth Capital’s Forecast for BLDP FY2024 Earnings?

Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) – Equities research analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for Ballard Power Systems in a report issued on Wednesday, November 6th. Roth Capital analyst C. Irwin now forecasts that the technology company will earn ($0.47) per share for the year, up from their previous forecast of ($0.50). The consensus estimate for Ballard Power Systems’ current full-year earnings is ($0.48) per share. Roth Capital also issued estimates for Ballard Power Systems’ Q4 2024 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.08) EPS and FY2025 earnings at ($0.35) EPS.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Monday, August 12th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. Ballard Power Systems had a negative net margin of 357.78% and a negative return on equity of 19.96%. The company had revenue of $16.00 million during the quarter, compared to the consensus estimate of $19.36 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. Ballard Power Systems’s revenue for the quarter was up 4.6% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. Citigroup reduced their target price on shares of Ballard Power Systems from $3.50 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, September 30th. Raymond James decreased their price objective on shares of Ballard Power Systems from $4.00 to $3.00 and set a “market perform” rating for the company in a research report on Wednesday, August 14th. StockNews.com upgraded Ballard Power Systems to a “sell” rating in a research note on Friday, November 1st. Hsbc Global Res cut Ballard Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Cibc World Mkts downgraded Ballard Power Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2.87.

Ballard Power Systems Trading Down 0.7 %

Shares of NASDAQ BLDP opened at $1.34 on Friday. The company has a quick ratio of 10.05, a current ratio of 9.01 and a debt-to-equity ratio of 0.03. Ballard Power Systems has a 1-year low of $1.32 and a 1-year high of $4.02. The business has a 50-day moving average of $1.68 and a 200-day moving average of $2.21.

Institutional Investors Weigh In On Ballard Power Systems

Large investors have recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of Ballard Power Systems by 8.8% during the second quarter. Van ECK Associates Corp now owns 2,321,782 shares of the technology company’s stock valued at $5,224,000 after purchasing an additional 186,833 shares in the last quarter. TD Asset Management Inc raised its position in shares of Ballard Power Systems by 1.2% during the 2nd quarter. TD Asset Management Inc now owns 707,953 shares of the technology company’s stock worth $1,599,000 after buying an additional 8,154 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Ballard Power Systems by 7.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 565,053 shares of the technology company’s stock worth $1,572,000 after acquiring an additional 38,662 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ballard Power Systems by 12.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 291,019 shares of the technology company’s stock valued at $535,000 after acquiring an additional 32,909 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Ballard Power Systems by 4.1% during the first quarter. BNP Paribas Financial Markets now owns 215,970 shares of the technology company’s stock valued at $600,000 after acquiring an additional 8,549 shares during the period. Institutional investors and hedge funds own 28.02% of the company’s stock.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.