Ballard Power Systems' (BLDP) Buy Rating Reaffirmed at FBR & Co

On September 26 HC Wainwright kept the company rating at "Buy" projecting a price of $6.00. FBR & Co now has a $6.00 target price on the technology company's stock. Based on a recent trade, the shares are hovering around $13.03 which, according to analysts, yield significant upside potential to the $15.76 consensus target price.

A number of other equities analysts have also recently issued reports on BLDP. BidaskClub upgraded Ballard Power Systems from a "hold" rating to a "buy" rating in a report on Friday, July 14th. FBR & Co reiterated a "buy" rating and set a $6.00 price objective (up from $3.50) on shares of Ballard Power Systems in a research report on Monday, September 18th. Roth Capital maintained Ballard Power Systems Inc. November 3 investment analysts at Cowen and Company kept a "Hold" rating on the company. Ballard Power Systems presently has a consensus rating of Hold and a consensus price target of $5.50.

Shares of Ballard Power Systems (NASDAQ:BLDP) traded down $0.25 during midday trading on Friday, hitting $4.86. With short interest at 3,790,238 and short average daily volume at 2,525,991, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.02% on October 13. For the current year the company's revenue estimates are $112.58 Million compared to low analyst estimates of $110.4 Million and high estimates of $115 Million according to 5 number of analysts. Ballard Power Sys now has a P/E ratio of N/A and the market value is 886.26M. The value of the investment in (BLDP) increased from $82,000 to $303,000 increasing 269.5% for the reporting period. The technology company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.01). Return on Equity (ROE) stands at -5.2% and Return on Investment (ROI) of -14.8 percent. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Breaking that down further, it has performed -17.06% for the week, -5.26% for the month, 71.73% over the last quarter, 78.68% for the past half-year and 144.22% for this previous year. The firm's revenue for the quarter was up 54.9% compared to the same quarter last year. research analysts expect that Ballard Power Systems will post -0.05 EPS for the current fiscal year. KCG Holdings Inc. boosted its holdings in Ballard Power Systems by 220.0% during the 1st quarter. (USA) (NASDAQ:BLDP) is a huge mover today!

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Cuts Position in Omnicom Group Inc. (NYSE:OMC)
Acrospire Investment Management LLC bought a new stake in shares of Omnicom Group during the 2nd quarter valued at $149,000. Following the completion of the sale, the treasurer now owns 38,075 shares of the company's stock, valued at $3,029,627.75.

Institutional investors and hedge funds have recently bought and sold shares of the stock.

Currently Ballard Power Sys (NASDAQ:BLDP)'s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 16.4%.

Ballard Power Systems engaged in the design, development, manufacture, sale and service of proton exchange membrane 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. Bluestein R H & Co. raised its holdings in Ballard Power Systems by 11.2% during the third quarter.

Traders are feeling more bearish on the company lately if you pay attention to the change in short interest.

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