What are Ballard Power Systems' stock price targets?

14 equities research analysts have issued 1 year price objectives for Ballard Power Systems' shares. Their BLDP share price targets range from $3.50 to $6.00. On average, they expect the company's stock price to reach $4.33 in the next year. This suggests a possible upside of 18.5% from the stock's current price.

What happened to Ballard Power Systems?

Ballard says it lost US$62.5-million or 21 cents per share for the quarter ended Sept. 30, compared with a loss of US$42.9-million or 14 cents per share a year earlier Ballard Power Systems is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization.

Why is Bombardier stock not on the TSX?

After the company saw shares fall below $1, it was no longer included on the TSX. Combining its shares allowed for the company to stay on the index without losing any of its value. This was especially concerning, as fears of a recession or at least a bear market remain. As we can see, Bombardier stock isn’t the only one falling lately.

Is it a good time to buy Ballard Power stock?

And not only will those returns be strong; they’ll also be stable, with long-term contracts tied to Ballard Power stock among other clean energy companies. So, this is a fantastic time to buy and hold this long-term stock.