We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 6.635+3.2%3:15 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: kidl1/14/2022 8:35:49 AM
   of 5827
Globe says Ballard Power Systems kept "outperform"

Ballard Power Systems Inc (C:BLDP)
Shares Issued 297,687,956
Last Close 1/12/2022 $14.06
Wednesday January 12 2022 - In the News

The Globe and Mail reports in its Wednesday, Jan. 12, edition that National Bank Financial analyst Rupert Merer thinks the shift toward green energy is "unstoppable" and sees "room for upside" in 2022, expecting an improved performance with stocks sitting at 52-week lows. The Globe's David Leeder writes in the Eye On Equities column that accordingly, Mr. Merer continues to rate Ballard Power Systems "outperform." However, he trimmed his share target to $20 (U.S.) from $26 (U.S.). Analysts on average target the shares at $22.24 (U.S.). Mr. Merer says in a note: "With a cash balance of approximately $1.2-billion, Ballard has a strong balance sheet that can be used to advance product development or M&A transactions in 2022. With the growth in the EV markets, we believe that Ballard should also see further partnership development and follow-on orders. We will look for progress towards its 70-per-cent cost reduction target by 2024E, in support of a larger roll-out of hydrogen vehicle platforms in that year. Ballard is active in development with partners MAHLE and Linamar, among others, which could provide some development catalysts in 2022E."

© 2022 Canjex Publishing Ltd.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext