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    BLDP   CA0585861085

BALLARD POWER SYSTEMS INC.

(BLDP)
  Report
Delayed Toronto Stock Exchange  -  04:31 2022-11-30 pm EST
8.210 CAD   +7.32%
11/17Ballard receives order for 25 fuel cell engines from European company
AQ
11/17Ballard Power Announcing Order from Solaris For 25 Hydrogen Fuel Cell Engines to Power Buses in Poland
MT
11/17Ballard announces order from Solaris for 25 hydrogen fuel cell engines to power buses in Poland
PR
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TSX gives back some of this week's rally; energy caps losses

10/05/2022 | 04:32pm EST

(Adds investor quotes and details throughout, updates prices)

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TSX ends down 135.90 points, or 0.7%, at 19,235.09

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Utilities fall 1.9%; Ballard Power ends down 5.5%

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Tech loses 1.4%

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Energy advances 1.9%; oil settles 1.4% higher

TORONTO, Oct 5 (Reuters) - Canada's main stock index fell on Wednesday, but held on to much of its gains over the previous two days as major oil producers slashed production and investors awaited data at the end of the week that could offer clues on the outlook for interest rates.

The Toronto Stock Exchange's S&P/TSX composite index ended down 135.90 points, or 0.7%, at 19,235.09, after climbing 5% over the course of Monday and Tuesday.

Wall Street also dipped as Federal Reserve officials stuck to their hawkish message that interest rates will stay higher for longer to tackle inflation.

Concern that aggressive central bank tightening could tip some major economies into recession has hammered stocks this year.

"There is a lot of pessimism in this market. The bar for good things to happen I think is very, very low," said Mike Archibald, a portfolio manager at AGF Investments.

"If we can get some decent news either on the earnings front or on the data front I think there is a really good chance that we continue to rally here."

The Canadian and U.S. employment reports for September are due for release on Friday.

U.S. crude prices settled 1.4% higher at $87.76 a barrel as OPEC+ agreed to its deepest cuts to production since the 2020 COVID pandemic.

"Clearly OPEC is signaling that they have a commitment to cutting production to keep prices elevated ... and the stocks are continuing to act much, much better than the commodity," Archibald said.

The Toronto market's energy sector climbed 1.9%. That helped offset some broader losses for the index, including a 1.9% decline for the utilities group.

It was dragged down by a 5.5% slide in Ballard Power after Citigroup cut the price target on its U.S.-listed shares.

Technlogy lost 1.4% and heavily-weighted financials ended 0.8% lower. (Reporting by Fergal Smith; Additional reporting by Shashwat Chauhan in Bengaluru; Editing by Arun Koyyur and Alistair Bell)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BALLARD POWER SYSTEMS INC. 7.32% 8.21 Delayed Quote.-51.86%
BRENT OIL 2.14% 86.72 Delayed Quote.6.82%
CITIGROUP INC. 1.77% 48.41 Delayed Quote.-21.23%
WTI 2.22% 80.469 Delayed Quote.1.55%
All news about BALLARD POWER SYSTEMS INC.
11/17Ballard receives order for 25 fuel cell engines from European company
AQ
11/17Ballard Power Announcing Order from Solaris For 25 Hydrogen Fuel Cell Engines to Power ..
MT
11/17Ballard announces order from Solaris for 25 hydrogen fuel cell engines to power buses i..
PR
11/17Ballard Power Brief: Announcing Order from Solaris for 25 hydrogen f..
MT
11/17Ballard Announces Order from Solaris for 25 Hydrogen Fuel Cell Engines to Power Buses i..
CI
11/10Nasdaq-listed Fusion Fuel and Ballard Power Systems Commission Green Hydrogen Plant
MT
11/10Ballard Power and Fusion Fuel Commission H2évora Green Hydrogen Plant
CI
11/10Fusion Fuel and Ballard Power Commission H2Évora Green Hydrogen Plant
AQ
11/10Fusion Fuel Green plc and Ballard Power Systems Inc. Commission H2évora Green Hydrogen ..
CI
11/08TD Securities Downgrades Ballard Power Systems to Hold From Speculative Buy, Adjusts Pr..
MT
More news
Analyst Recommendations on BALLARD POWER SYSTEMS INC.
More recommendations
Financials (USD)
Sales 2022 92,7 M - -
Net income 2022 -178 M - -
Net cash 2022 900 M - -
P/E ratio 2022 -9,52x
Yield 2022 -
Capitalization 1 675 M 1 686 M -
EV / Sales 2022 8,35x
EV / Sales 2023 8,05x
Nbr of Employees 785
Free-Float 84,4%
Chart BALLARD POWER SYSTEMS INC.
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Technical analysis trends BALLARD POWER SYSTEMS INC.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 5,61 $
Average target price 5,84 $
Spread / Average Target 4,08%
EPS Revisions
Managers and Directors
R. Randall MacEwen President, CEO & Non-Independent Director
Paul Dobson Chief Financial Officer & Senior Vice President
James Norman Roche Non-Executive Chairman
Kevin Michael Colbow Chief Technology Officer & Senior Vice President
Mircea Gradu Chief Engineering Officer & Senior Vice President
Sector and Competitors
1st jan.Capi. (M$)
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FUELCELL ENERGY, INC.-37.31%1 298
CERES POWER HOLDINGS PLC-63.49%836
SFC ENERGY AG-14.22%408