Ballard Power (BLDP) Reports In-Line Q2 EPS; Announces Strategic Collaboration and Equity Investment Deal With Broad-Ocean

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Go back to Ballard Power (BLDP) Reports In-Line Q2 EPS; Announces Strategic Collaboration and Equity Investment Deal With Broad-Ocean

FBR Capital Upgrades Ballard Power Systems (BLDP) to Outperform

July 28, 2016 6:52 AM EDT

FBR Capital upgraded Ballard Power Systems (NASDAQ: BLDP) from Market Perform to Outperform with a price target of $3.00 (from $1.50), saying Chinese partnership should change the company's profile.

Analyst Carter Driscoll commented, "We are upgrading Ballard to an Outperform (from Market Perform) following a series of orders, deals, and investments that... More