BLDP stock: buy or sell?

BLDP stock price: $4.32 -2.70% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

2

Ballard Power Systems eased a godawful -2.70% and closed at $4.32. On Aug/14 BLDP collapsed a frightening -9.60%.

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. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Ballard Power Systems stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Ballard Power Systems stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we found 1 rating published for BLDP stock in the last 30 days.

Is BLDP a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-1Roth CapitalNeutralSell

BLDP stock analysis

Daily outlook

Shares of Ballard Power Systems eased a godawful -2.70% and closed at $4.32.

Ballard Power Systems eased a godawful -2.70% and closed at $4.32. Since May when SMA100d and SMA200d crossed up, BLDP price gained $0.38 per share (9.64%). Since price and SMA200d lines crossed up on April, BLDP climbed $1.10 (34.16%).

BLDP stock chart (daily)

Weekly outlook

After sliding a dreadful -6.06% in a week last week, Ballard Power Systems closed this week at $4.32 and grew a slightly good 0.70%. Late July BLDP climbed a dazzling 8.00% in just one week.

Ballard Power Systems stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since mid May when SMA20w and SMA40w crossed up, BLDP price gained $0.89 per share (25.95%). Late April BLDP price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

BLDP stock chart (weekly)

BLDP stock price history

BLDP stock went public on November 8th, 1995 with a price of $3.751. Since then, BLDP stock surged a 15.20%, with a yearly average of 0.70%. If you had invested $1,000 in BLDP stock in 1995, it would worth $152.00 today.

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

BLDP stock historical price chart

BLDP stock reached 52-week highs on August 9th at $4.69, and all-time highs 2000-03-02 with a price of 144.94.

BLDP stock price target is $3.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. 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 30 days we only found 1 price target for Ballard Power Systems stock:
BLDP stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-1Roth CapitalDowngradesn/a$3.00-
(in average)$0.00$3.000.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

On March, Ballard Power Systems reported its latest financial data, posting an outstanding 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

In 2018, Ballard Power Systems annual turnover collapsed a chilling -20.37% to $96.59 million USD from $121.29 marked in 2017. Aligned with this, its income margin (compared to sales) collapsed to -28.29%, that is $-27.32 million.

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 plunged 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 slide and plummed 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 company, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Ballard Power Systems, 29.91% of all outstanding shares are owned by its staff.

In case of Ballard Power Systems stock, 4.11% 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:

BLDPCPSTCSIQESNCHYGS
Market cap$1.0 B$45.3 M$1.3 B$0.6 M$231.3 M
Total shares232.6 M73.1 M59.3 M56.6 M15.4 M
Float shares180.1 M72.3 M41.5 M45.5 M12.6 M
  - Institutional holdings (%)4.1%11.6%41.4%6.1%0.0%
  - Insider holdings (%)29.9%1.9%23.6%33.9%0.0%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

BLDP summary

Friday, August 23rd, 2019
Open$4.38
Close$4.32
Day range$4.27 - $4.43
Previous close$4.44
Session gain-2.70%
Average true range$0.20
50d mov avg$4.13
100d mov avg$3.87
200d mov avg$3.48
Daily patternlt02a
Weekly pattern lt06a

Ballard Power Systems performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared Ballard Power Systems against Capstone Turbine, Canadian Solar, EnSync, Hydrogenics and Plug Power in the following table:
Stock3m6m12m
BLDPBallard Power Sys...6.14%19.01%44.48%
CPSTCapstone Turbine-27.06%-29.55%-44.64%
CSIQCanadian Solar29.06%-6.50%64.07%
ESNCEnSync0.00%-94.74%-97.14%
HYGSHydrogenics56.53%87.48%156.07%
PLUGPlug Power-12.80%21.11%9.00%

Ballard Power Systems competitors

One check before trading any stock is to review a list of its competitors, in this case for Ballard Power Systems. We picked 5 companies as Ballard Power Systems competitors as they are in the same industry or have similar market objectives.