Susquehanna Reaffirms Their Hold Rating on Ballard Power Systems (BLDP)

Susquehanna analyst Biju Perincheril maintained a Hold rating on Ballard Power Systems today and set a price target of $3.30.

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According to TipRanks, Perincheril is a 5-star analyst with an average return of 11.4% and a 47.59% success rate. Perincheril covers the Energy sector, focusing on stocks such as Permian Resources, APA, and Magnolia Oil & Gas.

In addition to Susquehanna, Ballard Power Systems also received a Hold from KeyBanc’s Sangita Jain in a report issued on November 14. However, on the same day, TD Cowen maintained a Sell rating on Ballard Power Systems (NASDAQ: BLDP).

Based on Ballard Power Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$17.84 million and a GAAP net loss of C$24.28 million. In comparison, last year the company earned a revenue of C$16 million and had a GAAP net loss of C$31.46 million

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.