Ballard Power Systems Inc
BLDP: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 3.00 | Shxq | Hmktwmffn |
Ballard Earnings: Focus Remains on Securing New Orders, Minimizing Cash Burn
We lower our fair value estimates to $4/CAD 5.50 from $5/CAD 6.50 for no-moat Ballard Power Systems following its third-quarter results. The lower valuation is due to moderating our long-term revenue growth and gross margin assumptions. We view shares as fairly valued.