The Latest Breaking News from BLDP

Amid macroeconomic headwinds, the industrial sector is expected to remain under considerable pressure in the near term. Therefore, fundamentally weak industrial stocks EVgo (EVGO), Ballard Power (BLDP), and Blink Charging (BLNK), which are currently under $10, might be best avoided right now. Let’s discuss this in detail.

The Inflation Reduction Act was signed into law recently and is the most meaningful climate bill in the United States. It has allocated substantial funding to combat climate change and transition to sustainable energy and should bode well for fuel cell stocks. So, is it the right time to invest…

Ballard Power Systems Inc (NASDAQ:BLDP) price target lowered to $11 (an upside of 4%) from $13 by Citi analyst P.J. Juvekar following the company's Q4 results. The analyst maintained his Neutral rating on BLDP's shares. Susquehanna analyst Biju Perincheril maintained his Neutral rating on Ballard Power shares with a price target of $11. Perincheril notes the company…

Over the past 3 months, 5 analysts have published their opinion on Ballard Power Systems (NASDAQ:BLDP) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

The hydrogen industry is expected to remain under pressure amid the Fed's hawkish tilt and stalled Congressional negotiations on President Biden’s proposed Build Back Better bill. So, we think fundamentally weak hydrogen companies Plug Power (PLUG), Ballard Power (BLDP), and FuelCell (FCEL) are best avoided now. Read on.

Ballard Power Systems, Inc (NASDAQ: BLDP) and Plug Power, Inc (NASDAQ: PLUG) have declined massively over the past year with Ballard trading down about 76% off its Feb.

Investors looking to invest in disruptive technologies, such as hydrogen fuel cells, can buy stocks of Plug Power (PLUG) and Ballard Power (BLDP). Both of these companies delivered stellar gains in the last five years, but are also trading significantly below all-time highs right now.

BMO Capital analyst Jonathan Lamers downgraded Ballard Power Systems Inc (NASDAQ:BLDP) to Market Perform from Outperform and lowered the price target to $10 (an upside of 6%), from $23. Lamers's analysis indicates the company's revenue growth will underperform fuel cell sector leaders through 2022. He expects the market to value the stock more consistently with the…

Ballard Power Systems Inc (NASDAQ:BLDP) received an order for eight additional 200 kW fuel cell modules to support the expansion of the Canadian Pacific Railway Ltd's (NYSE:CP) Hydrogen Locomotive Program from one to three locomotives. Inclusive of Ballard's announcement in March 2021, the company will provide a total of 14 fuel cell modules to support the program.…