Roth Capital analyst Craig Irwin raised the firm’s price target on Ballard Power (BLDP) to $1.80 from $1.25 and keeps a Neutral rating on the shares following the Q2 report. The firm views the quarter as “transitional” and says Ballard is restructuring to profitability in a difficult demand environment. Under new leadership the company aims to be cash flow positive by the end of 2027, the analyst tells investors in a research note.
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