UBS Remains a Hold on Ballard Power Systems (BLDP)

UBS analyst Manav Gupta maintained a Hold rating on Ballard Power Systems today and set a price target of $3.50. The company’s shares closed yesterday at $3.33.

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Gupta covers the Energy sector, focusing on stocks such as HF Sinclair Corporation, Phillips 66, and Hess Midstream Partners. According to TipRanks, Gupta has an average return of 6.2% and a 57.63% success rate on recommended stocks.

In addition to UBS, Ballard Power Systems also received a Hold from Citi’s Vikram Bagri in a report issued on October 20. However, on October 15, BMO Capital maintained a Sell rating on Ballard Power Systems (NASDAQ: BLDP).

BLDP market cap is currently $1.09B and has a P/E ratio of -3.36.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLDP in relation to earlier this year.