Fintel reports that BlackRock has filed a 13G form with the SEC disclosing ownership of 17.48MM shares of Ballard Power Systems, Inc. (BLDP). This represents 5.9% of the company.
In their previous filing dated November 9, 2022 they reported 14.28MM shares and 4.80% of the company, an increase in shares of 22.44% and an increase in total ownership of 1.10% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 87.31% Upside
As of February 2, 2023, the average one-year price target for Ballard Power Systems is $13.00. The forecasts range from a low of $8.31 to a high of $18.12. The average price target represents an increase of 87.31% from its latest reported closing price of $6.94.
The projected annual revenue for Ballard Power Systems is $111MM. The projected annual EPS is $-0.50.
Fund Sentiment
There are 290 funds or institutions reporting positions in Ballard Power Systems. This is a decrease of 46 owner(s) or 13.69%.
Average portfolio weight of all funds dedicated to US:BLDP is 0.2252%, an increase of 5.1089%. Total shares owned by institutions decreased in the last three months by 1.77% to 89,878K shares.
What are large shareholders doing?
Public Investment Fund holds 9,709,900 shares representing 3.25% ownership of the company. No change in the last quarter.
Robeco Schweiz holds 5,319,700 shares representing 1.78% ownership of the company. In it's prior filing, the firm reported owning 5,336,000 shares, representing a decrease of 0.31%.
ICLN - iShares Global Clean Energy ETF holds 4,351,792 shares representing 1.46% ownership of the company. In it's prior filing, the firm reported owning 5,708,751 shares, representing a decrease of 31.18%. The firm decreased its portfolio allocation in BLDP by 36.90% over the last quarter.
Allianz Asset Management holds 3,374,506 shares representing 1.13% ownership of the company. In it's prior filing, the firm reported owning 3,341,872 shares, representing an increase of 0.97%. The firm increased its portfolio allocation in BLDP by 2.49% over the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 3,330,317 shares representing 1.12% ownership of the company. In it's prior filing, the firm reported owning 3,311,622 shares, representing an increase of 0.56%. The firm decreased its portfolio allocation in BLDP by 21.24% over the last quarter.
Ballard Power Systems Background Information
(This description is provided by the company.)
Ballard Power Systems' 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, passenger cars and forklift trucks.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
