Susquehanna has adjusted its outlook on Ballard Power (BLDP, Financial), lowering the price target to $1.30 from $1.40 while maintaining a Neutral rating on the stock. This revision comes as the firm updates its projections and expectations for alternative energy companies ahead of the first-quarter earnings reports.
Analyst Charles Minervino highlighted the challenges facing the sector, particularly the potential risks associated with tariffs and the possible repeal of the Investment Tax Credit. Due to these uncertainties, Susquehanna recommends companies with strong order backlogs and significant domestic manufacturing capabilities, citing GE Vernova (GEV) and First Solar (FSLR) as preferable options in the alternative energy space.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Ballard Power Systems Inc (BLDP, Financial) is $1.90 with a high estimate of $5.00 and a low estimate of $1.00. The average target implies an upside of 58.63% from the current price of $1.20. More detailed estimate data can be found on the Ballard Power Systems Inc (BLDP) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Ballard Power Systems Inc's (BLDP, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ballard Power Systems Inc (BLDP, Financial) in one year is $5.60, suggesting a upside of 366.67% from the current price of $1.2. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ballard Power Systems Inc (BLDP) Summary page.
