Roth Capital raised the firm’s price target on Ballard Power (BLDP) to $3 from $1.80 and keeps a Neutral rating on the shares. Ballard reported Q3 revenue and gross margins well above estimates, but backlog declined on delayed orders, the analyst tells investors in a research note. The firm is incrementally positive on management’s strategic actions, but awaits improved growth visibility.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLDP:
- Ballard Power price target raised to $3 from $1.80 at Roth Capital
- Ballard Power price target raised to $2.50 from $1 at TD Cowen
- Ballard Power Systems Sees Revenue Surge in Q3 2025
- Ballard Power Systems’ Earnings Call Highlights Growth and Strategic Shifts
- Cautious Outlook on Ballard Power Systems: Sell Rating Due to Strategic and Financial Concerns