Key Points
- Weichai Power sold 2,111,111 Ballard Power Systems shares on May 8 at an average price of C$5.86, generating about C$12.37 million. The insider’s stake fell by 4.58% to 44,020,601 shares.
- Ballard Power Systems stock was up 0.5% and opened at C$5.70, giving the company a market value of about C$1.72 billion. The shares have traded between C$1.70 and C$6.62 over the past year.
- The company’s latest quarterly results showed a loss of C($0.06) per share on revenue of C$27.0 million. Analysts currently expect Ballard to post -0.67 EPS for the full fiscal year.
Ballard Power Systems Inc. (TSE:BLDP - Get Free Report) insider Ltd. Weichai Power Co. sold 2,111,111 shares of the firm's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the sale, the insider owned 44,020,601 shares of the company's stock, valued at C$257,960,721.86. This represents a 4.58% decrease in their ownership of the stock.
Ballard Power Systems Stock Up 0.5%
Shares of Ballard Power Systems stock opened at C$5.70 on Tuesday. The company has a market capitalization of C$1.72 billion, a PE ratio of -21.11, a P/E/G ratio of -2,030.00 and a beta of 0.64. Ballard Power Systems Inc. has a 1-year low of C$1.70 and a 1-year high of C$6.62. The business has a 50-day moving average of C$3.84 and a 200-day moving average of C$3.80. The company has a debt-to-equity ratio of 3.62, a current ratio of 10.70 and a quick ratio of 13.57.
Ballard Power Systems (TSE:BLDP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$27.00 million during the quarter. Ballard Power Systems had a negative return on equity of 13.50% and a negative net margin of 78.28%. As a group, equities analysts forecast that Ballard Power Systems Inc. will post -0.67 EPS for the current fiscal year.
About Ballard Power Systems
(
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Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.
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