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A report released today by Cowen about Ballard Power Systems Inc. (NYSE:BLDP) raises the target price to $4.50

In a report released on 9/15/2017 Cowen increased the stock price target of Ballard Power Systems Inc. (NYSE:BLDP) from $3.00 to $4.50 indicating a possible upside of 0.02%.

Previously on Friday September 15, 2017, H.C. Wainwright reported on Ballard Power Systems Inc. (NYSE:BLDP) increased the target price from $3.00 to $6.00. At the time, this indicated a possible upside of 0.35%.

Yesterday Ballard Power Systems Inc. (NYSE:BLDP) traded 3.26% higher at $4.43. The company’s 50-day moving average is $3.09 and its 200-day moving average is $2.78. The last closing price is up 59.60% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 7,524,300 shares of the stock traded hands, up from an average trading volume of 1,566,050

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Ballard Power Systems Inc. (NYSE:BLDP)

Ballard Power Systems Inc. has a 52 week low of $1.61 and a 52 week high of $5.06 The company’s market cap is currently $0.

General Information About Ballard Power Systems Inc. (NYSE:BLDP)

Ballard Power Systems Inc. is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications. As of December 31, 2016, the Company provided products in four product classes, such as Fuel cell stacks, Fuel cell modules, Fuel cell systems and Power management systems. The Company provides FCgen and FCveloCity fuel cell stacks to original equipment manufacturer (OEM) customers and system integrators that use the stacks to produce fuel cell systems for power solutions.

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