How to Buy Ballard Power Systems Stock
Ballard Power Systems Inc
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products.
Ballard Power Systems stock last closed at $2.60, up 5.26% from the previous day, and has decreased 39.11% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.73 percentage points. Ballard Power Systems stock is currently +7.44% from its 52-week low of $2.42, and -54.23% from its 52-week high of $5.68.
As of Apr 26, 2024, there are 298.94M BLDP shares outstanding. The market cap of BLDP is $777.23M. In the past 24 hours, 2.27M BLDP shares were traded.
How to Buy Ballard Power Systems Stock
Wondering how to invest in Ballard Power Systems stock? Here's how.
- Choose where to buy Ballard Power Systems stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Ballard Power Systems stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your payment method and add your information.
- Evaluate Ballard Power Systems stock: The Ballard Power Systems ticker symbol is BLDP. Is Ballard Power Systems stock a good investment? Should you buy shares of BLDP? How do BLDP's underlying business fundamentals look? Do top analysts think Ballard Power Systems is a good buy? Why has BLDP's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if BLDP is a good stock to buy).
- Make your BLDP trade: Decide if you will purchase BLDP shares at the current market price or use a limit order to buy BLDP shares at a specific price.
- Keep an eye on your BLDP investment: Create a watchlist to the latest updates on your position in Ballard Power Systems stock.
Step 1: Choose where to buy Ballard Power Systems stock
You need a brokerage account in order to access the NASDAQ market and buy BLDP stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best online stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Financial Services, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal information so you are able to buy BLDP today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on the highest rated app to buy and sell stocks, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of depositing money into your new investment account.
Step 4: Evaluate Ballard Power Systems stock
After you have chosen the best place to buy Ballard Power Systems stock, it's important to evaluate their stock before you invest, so you truly understand the risk and opportunity.
Ballard Power Systems shares quick numbers
Fundamentals of Ballard Power Systems
WallStreetZen was built to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on BLDP's stock page.
How is BLDP stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge BLDP's true value.
Using relative valuations ratios:
- BLDP may be undervalued based on its P/B ratio of 0.78x, relative to Specialty Industrial Machinery industry P/B ratio of 4.98x
You can do additional valuation analysis on BLDP's stock here.
A quick look at BLDP Financials
Passed Financial Due Diligence Checks:
- BLDP has cash burn of 145938000. It has sufficient cash and short-term investments to cover this for at least one year.
- BLDP has a low debt to equity ratio of 0.09.
- Total BLDP debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the BLDP balance sheet.
- There are more short-term assets than short-term liabilities on the BLDP balance sheet.
- BLDP has $753.24M in cash and short term investments. This is sufficient to cover its annual cash burn of $145.94M.
Failed Financial Due Diligence Checks:
- BLDP profit margin has gone up by 0.38 percentage points in the past year, but the company is still unprofitable.
Do Wall Street analysts think it's a good time to buy BLDP stock
Out of 8 Wall Street analysts who give forecasts on BLDP, the consensus analyst rating on BLDP is a Hold
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent BLDP Analyst Forecasts
Biju Perincheril, a bottom 2% analyst from Susquehanna maintains BLDP with a hold rating and lowers their BLDP price target from $4.00 to $3.00, on Mar 12, 2024.
Samantha Hoh, a top 45% analyst from HSBC maintains BLDP with a strong buy rating and lowers their BLDP price target from $4.50 to $4.10, on Mar 12, 2024.
Praneeth Satish, a top 31% analyst from Wells Fargo maintains BLDP with a strong sell rating and lowers their BLDP price target from $4.00 to $3.50, on Mar 12, 2024.
Jordan Levy, a bottom 3% analyst from Truist Securities maintains BLDP with a hold rating and lowers their BLDP price target from $4.00 to $3.50, on Nov 13, 2023.
Bronson Fleig, a bottom 9% analyst from Truist Securities maintains BLDP with a hold rating and lowers their BLDP price target from $5.00 to $4.00, on Nov 6, 2023.
You can dig deeper into what analysts are projecting on the Ballard Power Systems stock forecast page.
BLDP Momentum
BLDP Performance Metrics
Last year, BLDP revenue was $102.37M. During the past five year, BLDP's revenue has increased by 1.17% per year. This was slower than the Specialty Industrial Machinery industry average of 3.97%.
You can analyze BLDP's earnings and revenue performance here.
Latest Insiders Trades at BLDP
Over the last 12 months, executives and large shareholders at BLDP have not bought or sold any shares.
Get more info about who owns BLDP shares here.
Can I get consistent income from BLDP stock?
No, Ballard Power Systems doesn't provide an income stream by paying out dividends.
What others are saying about BLDP
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your BLDP trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need more info about investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your BLDP investment
Now that you own some BLDP stock, you'll want to stay up-to-date on your shares.
Add BLDP to a watchlist to track the latest developments regarding your BLDP stock.
BLDP Feed
How to Buy Stock in Ballard Power Systems
To reiterate, here are the 6 steps for buying Ballard Power Systems stock:
- Choose where to buy Ballard Power Systems stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Evaluate Ballard Power Systems stock
- Make your BLDP trade
- Keep an eye on your BLDP investment
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Ballard Power Systems, create a watchlist on WallStreetZen today.
More Stock Buying Guides You May Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.