Ballard Power Systems Stock Making Positive Move Ahead Of Its Q4 Earnings Report


In the last three months, Ballard Power Systems’ (NASDAQ: BLDP) stock has gained over 60%. The fuel cell maker will release its Q4 earnings results on March 5, which is likely to trigger the stock. Similarly, the company’s guidance for 2020 will provide a pathway for the stock in the near term.

Ballard Power Systems (NASDAQ: BLDP)is still unprofitable, but a positive outlook has been vital in pushing the stock. Over the last several quarters, Ballard Power’s revenue growth has been unimpressive, except for a few times. In Q4 2019, analysts are expecting the company’s top line to grow relative to the same period last year. Although the fuel cell maker will likely remain unprofitable going forward, it has nonetheless managed to keep its gross profit margins at 25% in the past quarters.

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In the last few years, the company’s stock has had a great run. At the start of last year, the stock was trading below $5 but has since surged to almost $19 as of February 2020.  However, on-going stresses on Ballard’s bottom line are likely to make investors nervous, thus resulting in downward pressure on the company’s stock.

Since its 52-week low in March 2019, Ballard stock has surged almost 300%, making it one of the top growth stocks in Canada. The surge since late 2019 has been notable, and investors will be keen on how the stock plays once Ballard Power Systems (NASDAQ: BLDP)releases Q4 earnings.

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Also, Ballard stock is expensively valued, and it currently trades at 30x its sales. For a company that is yet to be profitable, the stock is, therefore, trading at a substantial premium. But despite all this, the fuel cell industry has been growing, and the outlook seems bright.

On the downside, the number of competitors in the industry has increased significantly. Therefore, although Ballard presents an opportunity to invest in clean energy, it is still unprofitable, and investors will be cautiously looking at the stock.

Source: Stock Market Press

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