Raymond James lowered the firm’s price target on Ballard Power (BLDP) to $2 from $2.50 and keeps a Market Perform rating on the shares. The company reported Q4 that tracked slightly above expectations, with the stationary and marine vertical outperforming, offset by lackluster sales in truck and emerging markets, the analyst tells investors in a research note. The firm updated its model post the report.
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Read More on BLDP:
- Ballard Power price target lowered to $1 from $1.50 at TD Cowen
- 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
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