Ballard Power Systems: Analysts Shift Narrative Amid Higher Price Targets

Ballard Power Systems' price narrative is shifting as analysts fine-tune assumptions. The company's fair value per share remains at 1.75 despite higher price targets. Analysts see recent data as positive, but ongoing questions on execution and order trends persist. Roth Capital raised its price target to $3, while TD Cowen raised its target to $2.50 but maintains a Sell rating.