BLDP Stock Chart & Stats
$2.31
-$0.08(-2.68%)
At close: 4:00 PM EDT
$2.31
-$0.08(-2.68%)
Day’s Range― - ―
52-Week Range$1.89 - $6.57
Previous Close$1.74
Volume9.36M
Average Volume (3M)3.66M
Market Cap
$712.00M
Enterprise Value$978.48
Total Cash (Recent Filing)$504.33M
Total Debt (Recent Filing)$19.66M
Price to Earnings (P/E)―
Beta1.46
Next Earnings
Nov 10, 2026EPS Estimate
-0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.25
Shares Outstanding301,506,500
10 Day Avg. Volume2,380,921
30 Day Avg. Volume3,663,057
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.31
Price to Sales (P/S)7.64
P/FCF Ratio-11.50
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$3.67Price Target Upside58.87% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)-0.17
Revenue Forecast (FY)$110.32M
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.
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.
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
Ballard Power Systems Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$3.67 (58.87% Upside)
$3.67 (58.87% Upside)
Blogger Sentiment
Bullish
BLDP Sentiment 75%
Sector Average 58%
Sector Average 58%
Insider Transactions
Sold Shares
Worth $537.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 5.5%
Last 30 Days ▼ 5.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
24.86%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-12.50%
Trailing 12-Months
Learn more about TipRanks Smart Score
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.
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 summariesBLDP Stock 12 Month Forecast
Average Price Target
$3.67
▲(58.87% Upside)
Technical Analysis
Ownership Overview
10.35% Insiders
0.62% Mutual Funds
2.39% Other Institutional Investors
78.77% Public Companies and
Individual Investors







