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Assenagon Asset Management S.A. sells shares of Ballard Power Systems Inc. (NASDAQ:BLDP).

Assenagon Asset Management S.A. sells shares of Ballard Power Systems Inc. (NASDAQ:BLDP).

Assenagon Asset Management S.A. decreased its holdings in Ballard Power Systems Inc. (NASDAQ: BLDP) (TSE: BLD) during the third quarter, as stated in the company’s most recent filing with the Securities and Exchange Commission (SEC). Following the completion of a transaction during the quarter in which they sold 38,553 shares of the technology company’s stock, the institutional investor now possesses 23,169 shares of the stock above. The most recent valuation of Ballard Power Systems, provided by Assenagon Asset Management S.A., came in at $142,000 when the most recent quarter closed.

Recent months have seen several other institutional investors and hedge funds change the stock holdings contained within their respective investment portfolios. In the third quarter, Handelsbanken Fonder AB successfully raised the percentage of ownership it holds in Ballard Power Systems by 6.9%. Handelsbanken Fonder AB now has 1,246,137 shares of the technology company after purchasing an additional 80,919 shares during the most recent quarter. The shares have a total value of $7,626,000 because Handelsbanken Fonder AB has 1,246,137. The Banque Cantonale Vaudoise increased the amount of Ballard Power Systems stock owned by 6.7% during the third quarter of the fiscal year. The Banque Cantonale Vaudoise increased the total number of shares it owned in the technology company by purchasing an additional 22,882 shares during the final three months of 2018, bringing the total number of shares it owned to a total of 63,012. The Banque Cantonale Vaudoise has amassed 362,680 shares in the company, with an intrinsic value of $2,221,000. During the third quarter, National Bank of Canada FI was able to amass an additional 38.4% of Ballard Power Systems’ total shares, bringing its total ownership percentage to a total of 1.14%. The National Bank of Canada Financial Institution increased its technology company’s shares by 62,215 during the fourth quarter, bringing its total holdings to 224,422 shares, which have a value of $1,365,000. This was accomplished by purchasing additional shares of the company. During the third quarter, Mackenzie Financial Corporation’s ownership of Ballard Power Systems saw a 9.7% increase in the percentage of total shares held by the company. After purchasing an additional 9,397 shares in the technology company during the most recent quarter, Mackenzie Financial Corp. now owns a total of 105,899 shares in the business, which are currently valued at a total of $648,000.

Additionally, during the second quarter, Capital Wealth Alliance LLC spent approximately $89,000 to acquire a further stake in Ballard Power Systems. The transaction took place. To the tune of 31.97% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.

BLDP has been given significant attention in various separate analyst reports over the most recent months. Citigroup rated the stock as “neutral” in a research note published on Tuesday, November 8, and decreased their price objective on Ballard Power Systems from $7.50 to $6.30. The note was issued on the same day. The note was regarding the company’s stock. After releasing their findings on November 15, Cowen lowered their price objective for Ballard Power Systems to $7.50 after the company announced the results of their analysis. The inclusion of Ballard Power Systems was announced in a study published on December 13 and commissioned by the UBS Group. While evaluating the company, they decided to give it a ” neutral rating.” Lake Street Capital stated in a report that was made public on November 8 that the price target that they had established for Ballard Power Systems had been reduced from $32 to $19. Trust Financial assigned the company a recommendation of “Hold” and decreased their price objective on Ballard Power Systems from $9.00 to $7.00 in a report published on Tuesday, October 18. They were successful in both of these endeavors. There have been two instances in which research analysts have suggested selling the stock, while thirteen of them have suggested holding onto it. Information obtained from reveals that the current rating for Ballard Power Systems is “Hold” and that the average price objective for the company is projected to be $7.74.

On Thursday, the opening price of a share of BLDP stock was set at $6.12 per share. The lowest price that the stock of Ballard Power Systems Inc. has been in the past year is $4.43, while the highest price that the stock has been in the past year is $12.57. The market capitalization of


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