Ballard Power (BLDP) Misses Q4 EPS by 3c ; Provides Outlook
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Go back to Ballard Power (BLDP) Misses Q4 EPS by 3c ; Provides Outlook
March 13, 2024 8:39 AM EDT
Raymond James analyst Michael Glen lowered the price target on Ballard Power Systems (NASDAQ: BLDP) to $4.00 (from $4.50) while maintaining a Market Perform rating.
The analyst comments "Ballard reported 4Q23 that tracked below our expectations, with an offset from the Stationary vertical the offered strength on elevated shipments to customers in Europe. On our model revisions, given cost-reductions programs and scale benefits from higher sales materializing, we have opted to increase gross margins expectations for 2024 with indication of a gross-margin breakeven point in late 2024. Below gross margin, our... More
March 13, 2024 6:42 AM EDT
Piper Sandler analyst Kashy Harrison lowered the price target on Ballard Power Systems (NASDAQ: BLDP) to $2.30 (from $3.00) while maintaining a Underweight rating.
The analyst comments "BLDP delivered a mixed financial quarter. Revenues beat PSC/Street by 23/33%, respectively; however, the EBITDA loss was... More
March 12, 2024 10:11 AM EDT
Roth/MKM analyst Craig Irwin lowered the price target on Ballard Power Systems (NASDAQ: BLDP) to $3.00 (from $3.50) while maintaining a Neutral rating.
The analyst comments "Ballard posted 4Q23 rev upside lifting adj-GPM's to near breakeven excluding $10.2m in inventory charges. Strength came... More
