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Ballard Power Systems (BLDP)
NASDAQ:BLDP

Ballard Power Systems (BLDP) Price & Analysis

3,395 Followers

BLDP Stock Chart & Stats

$2.31
-$0.08(-2.68%)
At close: 4:00 PM EDT
$2.31
-$0.08(-2.68%)

Bulls Say, Bears Say

Bulls Say
Revenue GrowthStrong revenue growth indicates improving customer adoption and expanding commercial activity across Ballard’s target markets. If this momentum converts into sustained deliveries, it can broaden the installed base and create a stronger foundation for future service and support revenue.
Operating EfficiencyLower operating expenses and a substantially narrower adjusted EBITDA loss show that cost actions are improving operating efficiency. Sustaining these gains would reduce the scale of losses and strengthen the company’s ability to approach profitability as commercial volumes grow.
LiquidityA substantial cash balance and no near-term financing requirement provide flexibility to fund product development, customer deployments, and the planned strategic transition. This liquidity cushion reduces dependence on immediate capital raising while management works toward profitability.
Bears Say
Persistent LossesDeeply negative operating and net margins show that revenue growth has not yet translated into a viable earnings model. Persistent losses can consume financial resources and make progress toward management’s profitability target dependent on substantial execution improvement.
Cash BurnNegative operating and free cash flow confirm that Ballard is still consuming cash to run the business, with free cash flow deteriorating from the prior period. Continued burn could constrain investment capacity and increase reliance on existing liquidity during expansion.
Acquisition ExecutionThe GeoPura transaction may expand Ballard’s business model, but closing, integration, financing, and Energy-as-a-Service execution all remain important dependencies. Delays or weak execution could reduce expected synergies and complicate the shift beyond engine sales.

Ballard Power Systems News

BLDP FAQ

What was Ballard Power Systems’s price range in the past 12 months?
Ballard Power Systems lowest stock price was $1.89 and its highest was $6.57 in the past 12 months.
    What is Ballard Power Systems’s market cap?
    Ballard Power Systems’s market cap is $712.00M.
      When is Ballard Power Systems’s upcoming earnings report date?
      Ballard Power Systems’s upcoming earnings report date is Nov 10, 2026 which is in 61 days.
        How were Ballard Power Systems’s earnings last quarter?
        Ballard Power Systems released its earnings results on Jul 31, 2026. The company reported -$0.071 earnings per share for the quarter, missing the consensus estimate of -$0.044 by -$0.027.
          Is Ballard Power Systems overvalued?
          According to Wall Street analysts Ballard Power Systems’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Ballard Power Systems pay dividends?
            Ballard Power Systems does not currently pay dividends.
            What is Ballard Power Systems’s EPS estimate?
            Ballard Power Systems’s EPS estimate is -0.04.
              How many shares outstanding does Ballard Power Systems have?
              Ballard Power Systems has 301,506,500 shares outstanding.
                What happened to Ballard Power Systems’s price movement after its last earnings report?
                Ballard Power Systems reported an EPS of -$0.071 in its last earnings report, missing expectations of -$0.044. Following the earnings report the stock price went down -4.301%.
                  Which hedge fund is a major shareholder of Ballard Power Systems?
                  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 Systems

                    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

                    $3.67
                    ▲(58.87% Upside)
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                    Ownership Overview

                    10.35%0.62%2.39%78.77%
                    10.35% Insiders
                    2.39% Other Institutional Investors
                    78.77% Public Companies and
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