Cowen Reinstates Ballard Power Systems (BLDP) at Market Perform

Cowen reinstates coverage on Ballard Power Systems (NASDAQ: BLDP) with a Market Perform rating and a price target of $1.40.

Analyst Jeffrey Osborne commented, "Management came across as confident that multiple verticals are seeing inflection points of growth and cost reduction efforts position the company well for profitability longer term. We look for more predictable sales execution and defined path to profitability to get more constructive on the stock."

For an analyst ratings summary and ratings history on Ballard Power Systems click here. For more ratings news on Ballard Power Systems click here.

Shares of Ballard Power Systems closed at $1.23 yesterday.

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