Ballard Power Systems Inc
BLDP: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$4.00 | Ydd | Hblmclct |
Ballard Earnings: Adjusting Our Fair Value Estimate as Order Inflection Shifts to the Right
We lowered our fair value estimate to $3/CAD 4 from $4/CAD 5.50 for no-moat Ballard Power Systems following its fourth-quarter results. The lower valuation is due to moderating our long-term revenue growth and margin assumptions.