Alberta Investment Management Corp Takes $310,000 Position in Ballard Power Systems Inc. (NASDAQ:BLDP)

Alberta Investment Management Corp bought a new stake in Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 186,500 shares of the technology company’s stock, valued at approximately $310,000. Alberta Investment Management Corp owned 0.06% of Ballard Power Systems at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BLDP. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Ballard Power Systems by 12.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 291,019 shares of the technology company’s stock valued at $535,000 after purchasing an additional 32,909 shares during the period. Banque Cantonale Vaudoise increased its holdings in shares of Ballard Power Systems by 7.7% in the third quarter. Banque Cantonale Vaudoise now owns 190,433 shares of the technology company’s stock valued at $343,000 after purchasing an additional 13,639 shares during the period. Penserra Capital Management LLC increased its holdings in shares of Ballard Power Systems by 52.6% in the third quarter. Penserra Capital Management LLC now owns 959,941 shares of the technology company’s stock valued at $1,727,000 after purchasing an additional 330,815 shares during the period. DRW Securities LLC increased its holdings in shares of Ballard Power Systems by 2,097.1% in the third quarter. DRW Securities LLC now owns 333,322 shares of the technology company’s stock valued at $600,000 after purchasing an additional 318,151 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Ballard Power Systems by 79.7% during the third quarter. BNP Paribas Financial Markets now owns 436,689 shares of the technology company’s stock worth $786,000 after acquiring an additional 193,658 shares during the period. Institutional investors and hedge funds own 28.02% of the company’s stock.

Ballard Power Systems Stock Down 4.1 %

BLDP opened at $1.40 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01. The company has a market cap of $419.21 million, a price-to-earnings ratio of -1.27 and a beta of 1.69. Ballard Power Systems Inc. has a one year low of $1.23 and a one year high of $3.38. The business’s fifty day moving average is $1.55 and its two-hundred day moving average is $1.62.

Analysts Set New Price Targets

BLDP has been the topic of a number of recent analyst reports. TD Cowen raised Ballard Power Systems to a “strong sell” rating in a report on Monday, January 13th. StockNews.com raised Ballard Power Systems to a “sell” rating in a report on Friday, November 1st. CIBC dropped their price objective on Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating on the stock in a report on Wednesday, December 4th. HSBC lowered Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Hsbc Global Res lowered Ballard Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.77.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.