Ballard Power Systems Inc. (BLDP:TSX) Truist Downgrades to Hold

Ballard Power Systems Inc. (BLDP:NSD) CIBC Maintains "Neutral" rating and Target

Analyst Ratings Changes

Ballard Power Systems Inc. is a Canadian company that specializes in the design, manufacture, and sale of fuel cell products. The company’s fuel cell technology is used in various applications, including transportation, backup power systems, and material handling equipment. In the above two analyst reports, we can see divergent views on the company’s stock.

STA Research (Rank#136) maintains a “Buy” rating on Ballard Power’s stock with a target price of CAD 9. This suggests that the analyst believes the stock is undervalued and presents a buying opportunity for investors. The analyst has not revised their target price from their previous report, indicating that they remain confident in the company’s future prospects.

Truist Financial (Rank#40) has downgraded their rating from “Buy” to “Hold” and lowered their target price from CAD 10 to CAD 6. This suggests that the analyst has concerns about the company’s future performance and growth prospects. A “Hold” rating suggests that the analyst expects the stock to perform in line with the overall market.

BLDP Stock Analysis & Forecast

According to the consensus of 11 analysts, the average target price for Ballard Power Systems Inc. stock over the next 12 months is CAD 9.25. This indicates that the analysts believe that the stock has potential for growth over the next year. Furthermore, the average analyst rating for Ballard Power Systems Inc. is “Buy,” which is a positive signal for investors.

Stock Target Advisor’s  own analysis of the company’s stock is classified as “Slightly Bearish.” This is based on the evaluation of 3 positive signals and 5 negative signals related to the company’s financials, technical indicators, and trend analysis. This suggests that there may be some downside potential in the stock, although investors should also be aware of the positive signals and opportunities associated with investing in any stock.

Ballard Power Systems Inc.’s stock price was CAD 7.32. This represents a change of -6.27% over the past week, -11.27% over the past month, and -43.47% over the last year. These figures indicate that the stock has recently experienced negative momentum, and it has not performed well over the past month and year.

The outlook for Ballard Power Systems Inc. is mixed. While the average target price and analyst rating are positive, the stock’s recent performance and Stock Target Advisor’s own analysis suggest that there may be some risks associated with investing in the stock.

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