TD Cowen analyst Jeffrey Osborne lowered the firm’s price target on Ballard Power (BLDP) to $1 from $1.50 and keeps a Sell rating on the shares. The firm said Ballard closed out 2024 with strong bookings in both bus and rail with conitnued weakness in trucking.
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Read More on BLDP:
- Ballard Power price target lowered to $1.20 from $1.30 at BMO Capital
- Ballard Power price target lowered to $1.25 from $1.75 at Roth MKM
- Ballard Power Systems Faces Challenges Despite Record Orders: Analyst Recommends Sell
- Ballard Power Faces Challenges, Achieves Milestones in 2024
- Ballard Power’s Earnings Call: Record Orders Amid Challenges
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