BLDP Stock Summary and Trading Ideas (Ballard Power Systems - Common Shares | NASDAQ:BLDP)

Ballard Power Systems Inc is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the US, Europe, and China.

Ballard Power Systems - Common Shares trades on the NASDAQ stock market under the symbol BLDP.

As of April 23, 2024, BLDP stock price climbed to $2.66 with 544,862 million shares trading.

BLDP has a beta of 2.01, meaning it tends to be more sensitive to market movements. BLDP has a correlation of 0.25 to the broad based SPY ETF.

BLDP has a market cap of $795.44 million. This is considered a Small Cap stock.

Last quarter Ballard Power Systems - Common Shares reported $47 million in Revenue and -$.16 earnings per share. This beat revenue expectation by $13 million and missed earnings estimates by -$.03.

In the last 3 years, BLDP stock traded as high as $23.13 and as low as $2.53.

The top ETF exchange traded funds that BLDP belongs to (by Net Assets): PBW, DRIV, CNRG, QCLN, HYDR.

BLDP has underperformed the market in the last year with a price return of -42.2% while the SPY ETF gained +24.0%. BLDP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.6% and -15.3%, respectively, while the SPY returned +4.6% and -2.8%, respectively.

BLDP support price is $2.49 and resistance is $2.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BLDP stock will trade within this expected range on the day.