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Stock impact report

Ballard Power: Sell On Dire Industry Prospects And No Visible Path To Profitability (Downgrade) [Seeking Alpha]

Ballard Power Systems, Inc. - Common Shares (BLDP) 
Last ballard power systems, inc. - common shares earnings: 3/4 08:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ballard.com/investors/presentations-events
Company Research Source: Seeking Alpha
However, results were boosted by a sizeable one-time gain. Consequently, management expects margins to turn negative again next quarter. Given persistent lack of hydrogen fuel cell adoption in the marketplace, there's no visible path to profitability for Ballard Power. With approximately $100 million in annual cash burn, its difficult to assign any sort of value to the business at this point. At least in my opinion, investors should consider using the recent hype-driven rally in Ballard Power's shares to dispose of existing positions and move on. Consequently, I am downgrading the company's stock from "Hold" to "Sell" with a price target of $1.70. Scharfsinn86/iStock via Getty Images I have covered Ballard Power Systems Inc. BLDP BLDP:CA previously, so investors should view this as an update to my earlier articles on the company. Last week, leading Canadian fuel cell systems developer Ballard Power Systems ("Ballard" or "Ballard More on my IG service Massively Outperf Show less Read more
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