H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Ballard Power Systems (NASDAQ:BLDP) on Friday, setting a price target of $16, which is approximately 5.54% above the present share price of $15.16.
Dayal expects Ballard Power Systems to post earnings per share (EPS) of -$0.06 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Ballard Power Systems, with an average price target of $20.2.
The analysts price targets range from a high of $28 to a low of $14.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $24.03 million and a net profit of -$10.36 million. The company's market cap is $3.64 billion.
According to TipRanks.com, H.C. Wainwright analyst Amit Dayal is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.4% and a 43.59% success rate.
Ballard Power Systems Inc is a clean energy growth company. The company is engaged in proton exchange membrane fuel cell development and commercialization. The company's main business is the design, development, manufacture, sale, and service of fuel cell products for a variety of applications, focusing on motive power (material handling and buses) and stationary power (back-up power, supplemental power, and distributed generation). A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Geographically, it has a presence in China, Europe, North America and other of which Europe generates maximum revenue.