Ballard Power Systems Inc T.BLDP

RE:Aug 13, Lake Street Capital maintains BLDP Buy, $10US target

[PuerSimia]

guarantor1 wrote: Specifically,
Rob Brown, who has been following the stock forever,
Maintained buy,
Dropped target down to $10US from $15

https://www.tipranks.com/news/the-fly/ballard-power-price-target-lowered-to-10-from-15-at-lake-street#google_vignette

$10 US? Good luck with that. 

TD Cowen analyst Aaron MacNeil recently lowered his recommendation for Ballard Power Systems to "sell", and has a target price of $1.50 US..

I want BLDP to succeed, but the current market outlook for hydrogen and companies based on selling products that utilize hydrogen as a power source, have never seen so much negative sentiment before. It's going to be a long climb out of this pit of despair. Given NA's anti-China rhetoric, we can count on zero from that JV. If anything, count on China ripping off BLDP's technology. They certainly have a penchant for that sort of thing.