The stock of Ballard Power Systems Inc. (BLDP) has gone up by 0.60% for the week, with a -9.24% drop in the past month and a -31.84% drop in the past quarter. The volatility ratio for the week is 6.23%, and the volatility levels for the past 30 days are 5.98% for BLDP. The simple moving average for the last 20 days is -5.28% for BLDP stock, with a simple moving average of -39.84% for the last 200 days.
Is It Worth Investing in Ballard Power Systems Inc. (NASDAQ: BLDP) Right Now?
The 36-month beta value for BLDP is also noteworthy at 1.78. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BLDP is 245.59M, and at present, short sellers hold a 7.32% of that float. The average trading volume of BLDP on September 24, 2024 was 2.73M shares.
BLDP) stock’s latest price update
Ballard Power Systems Inc. (NASDAQ: BLDP)’s stock price has decreased by 0.00 compared to its previous closing price of 1.67. However, the company has seen a 0.60% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-18 that Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) — The “Hydrogen Truck Market by Vehicle Type, Fuel Cell Technology, Motor Power (Upto 200 Kw, 200-400 Kw, Above 400 Kw), Range (Upto 300 Miles, 300-500 Miles, Above 500 Miles), Tank Size, Type of Hydrogen Tank, and Region – Global Forecast to 2035” report has been added to ResearchAndMarkets.com’s offering. The global hydrogen truck market is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion in 2035, at a CAGR of 16.9%. Hydrogen trucks presents a significant opportunity for transportation fleet owners to achieve zero-emission transportation with similar operational benefits from conventional diesel vehicles. Government plans and initiatives for hydrogen infrastructure and production, deployment of hydrogen trucks, implementation of fleet decarbonization mandates and rapid setup of hydrogen technology R&D centers in the region due to lower cost are the factors driving the demand for hydrogen trucks. Also, lower TCO of hydrogen trucks as compared to ICE and Battery-electric trucks is increasing the demand for hydrogen truck market. 30-60 kg segment is expected to hold a significant share of hydrogen truck market during the forecast period A medium-sized hydrogen fuel tank that stores between 30 and 60 kilograms of hydrogen are commonly used in standard medium-length buses and medium-duty trucks. They offer a balance between range and payload capacity, making them suitable for a wide variety of transportation needs, including daily commutes and long- distance travel. These tanks are generally used for intercity/transit applications in buses. 30-60 kg tank is preferred over < 30kg and >60 kg tank due to its operational efficiency and less refueling time, making it an ideal solution for long-haul transportation. Leading OEMs such as Solaris, Hyundai Motor Company, Foton International, Van Hool, and Mercedes Benz, among others, provide models such as Foton BJ6123FCEVCH, Hyundai UNIVERSE Fuel Cell, Hyundai ELEC CITY Fuel Cell, eCitaro fuel cell, hydrogen buses with fuel tank capacities of 30-60 kg. Trucks usually use these tanks for refuse services as well as long-haul transportation. OEMs such as HYZON Motors, Hyundai Motor Company, Foton International, and Nikola, among others, provide models such as Hymax 24t, Xcient FC, Nikola Tre, HYMAX-500 and QUANTRON FCEV EU Heavy Truck, among others with fuel tank capacity of 30-60 kg. 200-400 kw to lead the market for hydrogen buses and truck, by motor power The 200-400 kW segment has a wide range of applications, including regular city buses and articulated buses utilized on mixed urban and suburban routes and medium-duty trucks that demand more power and speed. Also, 200-400 kW is more prevalent in Transit buses due to its balance between power output and vehicle range. Hydrogen trucks in North America generally include motors which vary from 200 kW to 400 kW. California transit companies, such as AC Transit and SunLine Transit, are in their early stages of hydrogen bus deployment due to state zero-emission transportation applications. The high cost of hydrogen generation, limited refueling infrastructure, and the necessity for more technology advancements are significant barriers. Leading automakers in Europe, like Solaris and IVECO s.p.a., have started operating hydrogen transit buses in the region. Solaris, for example, delivered 200 hydrogen buses to about 24 European cities in December 2023 and secured additional pre-orders for 600 hydrogen-powered vehicles between 2024 and 2026. North America is expected to have significant growth during the forecast period North America has been one of the leading regions in terms of manufacturing of hydrogen vehicles with the help of renowned fuel cell component providers in the US and Canada such as Ballard Power (Canada), Plug Power (US), and Fuel Cell Energy (US). US and Canada have been supporting the growth of FCEVs, especially in the commercial vehicle sector. The governments have supported performance testing for hydrogen vehicles for interstate logistics and buses. The presence of companies like Ballard Power Systems, Hyster-Yale, Plug Power, Cummins, Advent Technologies Holdings, BorgWarner, among others makes the North American market more competitive. Transit agencies in the North America are increasingly adopting hydrogen buses by local OEMs, such as NFI and First Hydrogen, due to their longer operational range, and quick refueling times across diverse climates. Unlike electric buses, which have longer charging times and infrastructure prerequisites, hydrogen buses offer a more scalable and viable solution. Every hydrogen bus deployed in the US could reduce the carbon released into the atmosphere by 100 tons annually and eliminate the need for 9,000 gallons of fuel every year over the vehicle’s life. Compared to ICE Buses, that translates into more than USD 37,000 per year per vehicle savings.
Analysts’ Opinion of BLDP
HSBC Securities, on the other hand, stated in their research note that they expect to see BLDP reach a price target of $4.50. The rating they have provided for BLDP stocks is “Buy” according to the report published on October 24th, 2023.
HSBC Securities gave a rating of “Hold” to BLDP, setting the target price at $4.50 in the report published on September 25th of the previous year.
BLDP Trading at -15.65% from the 50-Day Moving Average
After a stumble in the market that brought BLDP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.41% of loss for the given period.
Volatility was left at 5.98%, however, over the last 30 days, the volatility rate increased by 6.23%, as shares sank -16.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.45% lower at present.
During the last 5 trading sessions, BLDP rose by +0.60%, which changed the moving average for the period of 200-days by -54.37% in comparison to the 20-day moving average, which settled at $1.7470. In addition, Ballard Power Systems Inc. saw -54.86% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BLDP
Current profitability levels for the company are sitting at:
- -1.55 for the present operating margin
- -0.29 for the gross margin
The net margin for Ballard Power Systems Inc. stands at -1.78. The total capital return value is set at -0.17. Equity return is now at value -15.12, with -13.88 for asset returns.
Based on Ballard Power Systems Inc. (BLDP), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -3.42. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -102.76.
Currently, EBITDA for the company is -151.9 million with net debt to EBITDA at 4.24. When we switch over and look at the enterprise to sales, we see a ratio of -1.42. The receivables turnover for the company is 2.68for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.90.
Conclusion
In summary, Ballard Power Systems Inc. (BLDP) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
