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Analysts Offer Insights on Industrial Goods Companies: Ballard Power Systems (BLDP) and T1 Energy (TE)

Tipranks - Thu May 21, 6:52AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Ballard Power Systems (BLDP) and T1 Energy (TE).

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Ballard Power Systems (BLDP)

Susquehanna analyst Charles Minervino maintained a Hold rating on Ballard Power Systems today and set a price target of $4.25. The company’s shares closed last Tuesday at $4.18.

According to TipRanks.com, Minervino is a 5-star analyst with an average return of 19.3% and a 65.5% success rate. Minervino covers the NA sector, focusing on stocks such as Oil States International, Baker Hughes Company, and Occidental Petroleum. ;'>

Ballard Power Systems has an analyst consensus of Hold, with a price target consensus of $3.65, which is a -14.1% downside from current levels. In a report issued on May 6, KeyBanc also maintained a Hold rating on the stock.

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T1 Energy (TE)

Roth MKM analyst Philip Shen reiterated a Buy rating on T1 Energy today and set a price target of $10.00. The company’s shares closed last Tuesday at $6.88.

According to TipRanks.com, Shen is a 5-star analyst with an average return of 11.9% and a 45.7% success rate. Shen covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Array Technologies. ;'>

T1 Energy has an analyst consensus of Strong Buy, with a price target consensus of $8.38, a 26.9% upside from current levels. In a report issued on May 12, Needham also reiterated a Buy rating on the stock with a $8.00 price target.

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