BLDP Similar Chart Price Prediction
The price of BLDP is predicted to go up 9.35%, based on the high correlation periods with EXR. The similarity of these two price pattern on the periods is 91.33%.
BLDP
EXR
Up: 9.35%Similarity: 91.33%
BLDP Revenue Forecast
BLDP EPS Forecast
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BLDP VS S&P500
Ballard has one of the longest histories in fuel cell technology.
Ballard's fuel cells have among the highest use in real-world applications, providing the company a first-mover advantage.
The hydrogen fuel cell market is in its infancy, with robust growth projected.
BLDP Analyst's Forecast
Biju Perincheril
Susquehanna
Hold
Price Target
$2 → $1.5
Upside
-7.98%
Susquehanna lowered the firm's price target on Ballard Power to $1.50 from $2 and keeps a Neutral rating on the shares. The firm updated estimates for the alternative energy space ahead of the Q3 reports. Recent conversations indicate project delays remain a headwind for utility-scale projects, with utility-focused names are at risk of seeing further pushouts into 2025 as project cycle times expand, the analyst tells investors in a research note. Susquehanna says election uncertainty has also weighed on some project sanctioning, particularly with smaller developers. Residential solar demand recovery "remains tepid," though there are some indications that top-of-the-funnel demand is improving heading into 2025, adds the firm. It now models residential installations declining just over 20% year-over-year for 2024, before rebounding 9% in 2025.