Ballard Power Systems Inc (BLDP) Stock: Do Analysts Think You Should Accumulate?

InvestorsObserver is giving Ballard Power Systems Inc (BLDP) an Analyst Rating Rank of 16, meaning BLDP is ranked higher by analysts than 16% of stocks. The average price target for BLDP is $25.186 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating BLDP a Buy today. Find out what this means to you and get the rest of the rankings on BLDP!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Ballard Power Systems Inc Stock Today?

Ballard Power Systems Inc (BLDP) stock is trading at $15.58 as of 1:32 PM on Friday, Oct 22, a loss of -$0.72, or -4.42% from the previous closing price of $16.30. The stock has traded between $15.51 and $16.31 so far today. Volume today is light. So far 1,881,862 shares have traded compared to average volume of 3,277,382 shares. Click Here to get the full Stock Report for Ballard Power Systems Inc stock.