BLDP stock: buy or sell?

BLDP stock price: $7.70 -6.33% At close on March 27th, 2020

Updated on:
March 27th, 2020

2

Ballard Power Systems shares plummed -6.33% to $7.70 yesterday. On Tuesday BLDP boosted a super good 5.55%.

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cells worldwide.

Should I buy BLDP stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Ballard Power Systems stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean BLDP will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Ballard Power Systems stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't find any rating for BLDP stock for the last month.

BLDP stock analysis

Daily outlook

Shares of Ballard Power Systems ended yesterday at $7.70 and plummed a bloodcurdling -6.33%.

Ballard Power Systems shares plummed -6.33% to $7.70 yesterday. Since price and SMA100d lines crossed down on March 12th, BLDP fell $-1.27 per share (-14.16%).

BLDP stock chart (daily)

Weekly outlook

After sliding a godawful -5.09% in a week last week, Ballard Power Systems closed this week at $7.70 and declined a rough -2.04%. Early March BLDP climbed a super good 8.44% in just one week. Counting this, it's been 3 sliding weeks in a row, loosing $-2.02 (-22.70%).

Observing the weekly chart, BLDP marked an uptrend of rising tops and rising bottoms. Since its last top by mid February at $14.20, price slid and bounced up back from $6.95. Breaking down under $6.95 would cancel the current uptrend and it might test lower supports. Note that $14.20 might act as a resistance line. By mid May 2019, SMA20w and SMA40w crossed up triggering a rise of 124.49%. Since late April 2019 when BLDP stock price broke up the SMA40w line, it gained $4.48 (139.13%).

BLDP stock chart (weekly)

BLDP stock price history

BLDP IPO was on November 8th, 1995 at $3.75 per share1. Since then, BLDP stock grew a 105.30%, with an average of 4.40% per year. If you had invested $1,000 in BLDP stock in 1995, it would worth $1,053.00 today.

1: Adjusted price after possible price splits or reverse-splits.

BLDP stock historical price chart

BLDP stock reached 52-week highs on February/19 at $14.20, and all-time highs 2000-03-02 with a price of 144.94.

BLDP stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' BLDP stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price target for Ballard Power Systems stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Ballard Power Systems reported its latest financial data, posting an extraordinary gain for the Earnings per Share (EPS). Analyst were expecting $-0.02 per share, but Ballard Power Systems posted $-0.04.
BLDP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.01n/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-02-28n/a-0.01n/a
2018-Q12018-05-01-0.02-0.03n/a
2018-Q22018-08-01-0.04-0.02n/a
2018-Q32018-10-31-0.02-0.03n/a
2018-Q42019-03-06-0.02-0.04n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw a chilling correction of -20.37% to $96.59 million dollars. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) plummed a -21.65% to -28.29%.

BLDP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$63 M-$-20.60 M-32.6%-
2014$69 M8.89%$-27.87 M-40.6%35.28%
2015$56 M-17.84%$-5.82 M-10.3%-79.13%
2016$85 M51.02%$-21.69 M-25.4%272.95%
2017$121 M42.24%$-8.05 M-6.6%-62.89%
2018$97 M-20.37%$-27.32 M-28.3%239.50%

Quarterly financial results

Ballard Power Systems posted $28.48 million in revenues for 2018-Q4, a 32.00% up compared to previous quarter. Reported quarter earnings marked $-11.48 M with a profit margin of -40.30%. Profit margin collapsed a -12.38% compared to previous quarter when profit margin was -27.92%. When comparing turnover to same quarter last year, Ballard Power Systems sales marked a hair-raising loss and plunged a -29.26%.
BLDP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$30 M-$-3.88 M-12.9%-
2017-Q2$36 M18.95%$-1.61 M-4.5%-58.51%
2017-Q3$32 M-10.67%$-1.03 M-3.2%-36.21%
2017-Q4$40 M26.38%$-2.89 M-7.2%181.01%
2018-Q1$20 M-50.09%$-5.50 M-27.4%90.58%
2018-Q2$26 M31.63%$-4.32 M-16.3%-21.40%
2018-Q3$22 M-18.42%$-6.02 M-27.9%39.35%
2018-Q4$28 M32.00%$-11.48 M-40.3%90.50%

Ballard Power Systems ownership

When you are planning to buy shares of a stock, it's always worth to check its ownership structure.

Ballard Power Systems shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 29.63% of all shares.

In case of Ballard Power Systems stock, 6.97% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for BLDP stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Ballard Power Systems:

BLDP
Market cap$1.8 B
Total shares233.5 M
Float shares182.1 M
  - Institutional holdings (%)7.0%
  - Insider holdings (%)29.6%
Shares in short selling0.0%

BLDP summary

Friday, March 27th, 2020
Open$8.00
Close$7.70
Day range$7.66 - $8.07
Previous close$8.22
Session gain-6.33%
Average true range$0.90
50d mov avg$9.96
100d mov avg$8.49
200d mov avg$6.56
Daily patternlt03a
Weekly pattern lb03a

Ballard Power Systems performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Ballard Power Systems against in the following table:
Stock3m6m12m
BLDPBallard Power Sys...10.95%52.17%155.81%

Ballard Power Systems competitors

Unfortunately, we could not find any public company that could be defined as Ballard Power Systems competitor. This doesn't mean Ballard Power Systems does not have any competitor in the market, it's just we could not detected it.