Fintel reports that on May 5, 2026, Lake Street upgraded their outlook for Ballard Power Systems (NasdaqGM:BLDP) from Hold to Buy.
Analyst Price Forecast Suggests 307.45% Upside
As of August 2, 2023, the average one-year price target for Ballard Power Systems is $17.71/share. The forecasts range from a low of $17.54 to a high of $18.23. The average price target represents an increase of 307.45% from its latest reported closing price of $4.35 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ballard Power Systems is 237MM, an increase of 138.78%. The projected annual non-GAAP EPS is -0.58.
What is the Fund Sentiment?
There are 152 funds or institutions reporting positions in Ballard Power Systems. This is an decrease of 4 owner(s) or 2.56% in the last quarter. Average portfolio weight of all funds dedicated to BLDP is 0.01%, an increase of 88.38%. Total shares owned by institutions increased in the last three months by 23.13% to 90,948K shares. 
The put/call ratio of BLDP is 0.14, indicating a bullish outlook.
What are Other Shareholders Doing?
Two Sigma Investments holds 6,769K shares representing 2.25% ownership of the company. In its prior filing, the firm reported owning 6,283K shares , representing an increase of 7.19%. The firm decreased its portfolio allocation in BLDP by 4.67% over the last quarter.
Legal & General Group holds 6,430K shares representing 2.13% ownership of the company. In its prior filing, the firm reported owning 13,460K shares , representing a decrease of 109.32%. The firm decreased its portfolio allocation in BLDP by 76.10% over the last quarter.
Two Sigma Advisers holds 6,242K shares representing 2.07% ownership of the company. In its prior filing, the firm reported owning 6,037K shares , representing an increase of 3.28%. The firm decreased its portfolio allocation in BLDP by 6.20% over the last quarter.
UBS Group holds 5,847K shares representing 1.94% ownership of the company. In its prior filing, the firm reported owning 2,825K shares , representing an increase of 51.68%. The firm increased its portfolio allocation in BLDP by 89.86% over the last quarter.
Invesco holds 4,969K shares representing 1.65% ownership of the company. In its prior filing, the firm reported owning 3,343K shares , representing an increase of 32.71%. The firm increased its portfolio allocation in BLDP by 44.38% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
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.
