UPDATE: Susquehanna Starts Ballard Power Systems (BLDP) at Neutral

(Updated - January 26, 2022 6:58 AM EST)

Susquehanna analyst Biju Perincheril initiates coverage on Ballard Power Systems (NASDAQ: BLDP) with a Neutral rating and a price target of $10.00.

The analyst comments "We are initiating coverage on Ballard Power Systems with a Neutral rating and $10 price target. Ballard is developing proton exchange membrane (PEM) fuel cell (FC) products mostly for heavy-duty motive applications such as buses, trucks, rail, and marine. The company is also taking steps to expand its FC product offerings to the stationary power sector."

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 $9.50 yesterday.

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