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Ballard Power (BLDP)
NASDAQ:BLDP

Ballard Power Systems (BLDP) Price & Analysis

3,394 Followers

BLDP Stock Chart & Stats

$2.90
-$0.08(-2.68%)
At close: 4:00 PM EDT
$2.90
-$0.08(-2.68%)

Bulls Say, Bears Say

Bulls Say
Strong Liquidity And Low LeverageA large cash balance and very low leverage provide durable financial optionality across the next 2–6 months. This runway supports R&D, the GeoPura integration and potential asset-backed financing for EaaS deployments, reducing near-term solvency and refinancing risk.
Revenue Growth And Margin RecoverySustained top-line growth alongside a meaningful swing to positive gross margin reflects improved unit economics from cost reductions and manufacturing efficiencies. If maintained, these structural improvements support scalable margins as volumes and recurring contracts increase.
Strategic Acquisition Expands Business ModelThe GeoPura acquisition shifts Ballard toward an integrated Energy‑as‑a‑Service model, adding hydrogen value chain assets, operating HPUs and blue‑chip customers. This materially enlarges the addressable market and creates cross‑sell and synergies that can durably improve revenue mix.
Bears Say
Persistent Negative ProfitabilityDespite improving trends, deeply negative operating and net margins indicate the company remains far from breakeven. Persistent losses can erode equity and require material margin improvement or sustained cash support to reach management’s profitability goals within the next 2–6 months.
Negative Operating And Free Cash FlowOngoing cash consumption, even if reduced, creates dependence on the existing cash cushion and potential financing. Continued negative FCF constrains investments and increases reliance on executing planned asset‑backed financing and integration synergies to stabilize cash generation.
Integration And Revenue-recognition Risk From GeoPuraThe GeoPura deal introduces execution risk: closing, integration and intercompany revenue shifts may temporarily reduce reported external revenue and complicate near‑term visibility. Successful integration and realization of forecasted synergies are required to justify the strategic pivot.

Ballard Power Systems News

BLDP FAQ

What was Ballard Power’s price range in the past 12 months?
Ballard Power lowest stock price was $1.70 and its highest was $6.57 in the past 12 months.
    What is Ballard Power’s market cap?
    Ballard Power’s market cap is $801.41M.
      When is Ballard Power’s upcoming earnings report date?
      Ballard Power’s upcoming earnings report date is Nov 10, 2026 which is in 97 days.
        How were Ballard Power’s earnings last quarter?
        Ballard Power released its earnings results on Jul 31, 2026. The company reported -$0.07 earnings per share for the quarter, missing the consensus estimate of -$0.043 by -$0.026.
          Is Ballard Power overvalued?
          According to Wall Street analysts Ballard Power’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Ballard Power pay dividends?
            Ballard Power does not currently pay dividends.
            What is Ballard Power’s EPS estimate?
            Ballard Power’s EPS estimate is -0.04.
              How many shares outstanding does Ballard Power have?
              Ballard Power has 301,481,450 shares outstanding.
                What happened to Ballard Power’s price movement after its last earnings report?
                Ballard Power reported an EPS of -$0.07 in its last earnings report, missing expectations of -$0.043. Following the earnings report the stock price went down -4.301%.
                  Which hedge fund is a major shareholder of Ballard Power?
                  Currently, no hedge funds are holding shares in BLDP
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Ballard Power

                    Ballard Power Systems Inc. specializes in the complete lifecycle of proton exchange membrane (PEM) fuel cell technology, from initial concept and engineering to production, distribution, and maintenance. Their PEM fuel cell solutions power a diverse range of applications, including heavy-duty transport (buses, trucks, trains, marine vessels), material handling equipment, and critical backup power systems. Beyond products, Ballard extends its expertise through various technological services, such as engineering consulting, technology transfer programs, and the licensing or sale of its extensive intellectual property portfolio and foundational knowledge for PEM fuel cells. Furthermore, they offer integrated solutions for hydrogen fuel cell powertrains and vehicle systems. The company maintains a significant global footprint, with operations spanning numerous countries including China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, and Sweden, among others worldwide. A key strategic partnership exists with Linamar Corporation, focused on the collaborative development and market introduction of fuel cell powertrains and their components for light-duty (Class 1 and 2) vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. maintains its primary corporate office in Burnaby, Canada.

                    Ballard Power Systems (BLDP) Earnings & Revenues

                    BLDP Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call conveys a generally positive strategic and financial trajectory: solid quarter-over-quarter operational improvements (15% revenue growth, 28-point gross margin improvement, 34% reduction in operating expenses, narrower adjusted EBITDA loss), strong liquidity (> $502M), and meaningful commercial momentum (>$64M orders). The announced acquisition of GeoPura is presented as transformative—expanding the business model into Energy-as-a-Service, materially enlarging the addressable market, and targeting $25M of annual synergies—supporting the path to profitability by end of 2027. Key risks tempering the outlook include the fact adjusted EBITDA remains negative, continued operating cash use, parts of margin improvement being one-time, intercompany revenue impacts post-close, and integration/closing risk for the acquisition. Overall, the positive progress and strategic upside from the GeoPura acquisition outweigh the remaining execution and timing risks.View all BLDP earnings summaries

                    BLDP Stock 12 Month Forecast

                    Average Price Target

                    $3.77
                    ▲(30.00% Upside)
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                    Ownership Overview

                    10.48%0.62%0.25%81.03%
                    10.48% Insiders
                    0.25% Other Institutional Investors
                    81.03% Public Companies and
                    Individual Investors
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