A Reversal for Ballard Power Systems Incorporated (NASDAQ:BLDP) Is Not Near. The Stock Has Rise in Shorts

January 13, 2018 - By Ellis Scott

 A Reversal for Ballard Power Systems Incorporated (NASDAQ:BLDP) Is Not Near. The Stock Has Rise in Shorts

The stock of Ballard Power Systems Incorporated (NASDAQ:BLDP) registered an increase of 36.67% in short interest. BLDP’s total short interest was 6.36M shares in January as published by FINRA. Its up 36.67% from 4.65M shares, reported previously. With 2.27M shares average volume, it will take short sellers 3 days to cover their BLDP’s short positions. The short interest to Ballard Power Systems Incorporated’s float is 4.07%.

The stock decreased 1.87% or $0.08 during the last trading session, reaching $4.19. About 852,597 shares traded. Ballard Power Systems Inc. (NASDAQ:BLDP) has risen 104.41% since January 13, 2017 and is uptrending. It has outperformed by 87.71% the S&P500.

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cells worldwide. The company has market cap of $734.18 million. The Company’s power products include stationary systems, such as FCgen-H2PM, a hydrogen-fueled power system for telecommunications network, secure communications, and critical data communications, as well as hub, transmission, or repeater sites applications; and motive modules, including FCveloCity, a PEM fuel cell stack, which provides solutions for forklifts, buses, and light rails. It currently has negative earnings. The companyÂ’s power products also comprise FCgen air-cooled and FCvelocity liquid-cooled fuel cell stacks to power fuel cell systems for a range of applications, as well as portable power products comprising fuel cell power solutions for portable, remote, and mobile applications.

Ballard Power Systems Inc. (NASDAQ:BLDP) Ratings Coverage

Among 4 analysts covering Ballard Power Systems (NASDAQ:BLDP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Ballard Power Systems had 13 analyst reports since August 20, 2015 according to SRatingsIntel. Cowen & Co maintained Ballard Power Systems Inc. (NASDAQ:BLDP) rating on Monday, August 14. Cowen & Co has “Hold” rating and $300 target. The rating was maintained by Roth Capital with “Hold” on Thursday, January 4. The rating was maintained by Cowen & Co with “Hold” on Friday, September 15. Cowen & Co maintained the shares of BLDP in report on Thursday, July 13 with “Hold” rating. As per Friday, August 4, the company rating was maintained by H.C. Wainwright. The rating was initiated by Rodman & Renshaw on Thursday, August 20 with “Buy”. The firm has “Buy” rating given on Thursday, June 22 by FBR Capital. As per Wednesday, November 1, the company rating was maintained by Roth Capital. The firm earned “Hold” rating on Monday, October 16 by Cowen & Co. Roth Capital maintained Ballard Power Systems Inc. (NASDAQ:BLDP) on Monday, July 31 with “Hold” rating.

More notable recent Ballard Power Systems Inc. (NASDAQ:BLDP) news were published by: Seekingalpha.com which released: “Ballard Power System’s Rapidly Growing Heavy Duty Sector” on November 08, 2017, also Fool.com with their article: “Why Ballard Power Systems Inc’s Shares Popped 21% Today” published on September 13, 2017, Seekingalpha.com published: “Ballard Power’s Quest For Profitability” on April 24, 2017. More interesting news about Ballard Power Systems Inc. (NASDAQ:BLDP) were released by: Seekingalpha.com and their article: “Ballard advances wearable power system contract with US Army” published on September 25, 2017 as well as Fool.com‘s news article titled: “Why Ballard Power Systems Inc’s Shares Jumped in August” with publication date: September 07, 2017.

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