Ballard Power Systems Inc. (NASDAQ:BLDP) traded at $15.56 at last check on Monday, June 29, making an upward move of 12.68% on its previous day’s price.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BLDP stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 6 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Ballard Power Systems Inc. (BLDP) stock as a Hold, while 2 rate it as a Buy. 1 analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Ballard (BLDP) stock to its peers. We find that today’s price change of +12.68% and +243.83% over the past 12 months for BLDP betters that of Te Connectivity Ltd (TEL), which has seen its stock price rise 1.98% in the latest trading session and is -17.32% over the last one year. Another of its peers Universal Display (OLED) has dropped -0.29% today, but is -21.71% down over the past year, while Bwx Technologies Inc (BWXT) is also up 12.68% yet its price remains in the green at 243.83% over the same period. Te has a P/E ratio of 38.06 compared to Ballard’s 0 and Universal’s 48.11. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.81% and 1.11%, respectively, in early deals.