Ballard Power Systems Inc. (NASDAQ:BLDP) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) by 35.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,466,084 shares of the technology company’s stock after purchasing an additional 644,861 shares during the quarter. Van ECK Associates Corp owned approximately 0.82% of Ballard Power Systems worth $4,094,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of Ballard Power Systems by 137.6% during the third quarter. Jane Street Group LLC now owns 1,115,742 shares of the technology company’s stock valued at $2,008,000 after buying an additional 646,219 shares during the period. Penserra Capital Management LLC grew its position in Ballard Power Systems by 52.6% during the third quarter. Penserra Capital Management LLC now owns 959,941 shares of the technology company’s stock valued at $1,727,000 after acquiring an additional 330,815 shares during the period. BNP Paribas Financial Markets increased its position in Ballard Power Systems by 79.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 436,689 shares of the technology company’s stock worth $786,000 after purchasing an additional 193,658 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ballard Power Systems by 51.0% in the third quarter. Geode Capital Management LLC now owns 432,805 shares of the technology company’s stock worth $779,000 after acquiring an additional 146,104 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Ballard Power Systems by 8.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 344,589 shares of the technology company’s stock valued at $620,000 after purchasing an additional 27,787 shares during the period. 28.02% of the stock is currently owned by hedge funds and other institutional investors.

Ballard Power Systems Stock Performance

Shares of BLDP opened at $1.47 on Thursday. Ballard Power Systems Inc. has a 52 week low of $1.23 and a 52 week high of $3.38. 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 capitalization of $440.18 million, a PE ratio of -1.34 and a beta of 1.69. The company’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.62.

Analyst Ratings Changes

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