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BLDP Stock Chart & Stats
C$3.21
-C$0.04(-0.98%)
At close: 4:00 PM EDT
C$3.21
-C$0.04(-0.98%)
Day’s Range― - ―
52-Week RangeC$2.09 - C$9.08
Previous CloseN/A
Volume659.38K
Average Volume (3M)746.25K
Market Cap
C$747.82M
Enterprise ValueC$978.48M
Total Cash (Recent Filing)C$504.33M
Total Debt (Recent Filing)C$19.66M
Price to Earnings (P/E)―
Beta1.29
Next Earnings
Nov 16, 2026EPS Estimate
-0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.25
Shares Outstanding351,090,700
10 Day Avg. Volume765,995
30 Day Avg. Volume746,252
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.95Price Target Upside23.07% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-0.24
Revenue Forecast (FY)C$154.92M
Bulls Say, Bears Say
Bulls Say
Improving Revenue And Gross MarginStrong revenue growth alongside a return to positive gross margin indicates improving product economics and customer demand. If sustained, this combination can increase operating leverage, support reinvestment, and provide a stronger foundation for eventual profitability over the next several quarters.
Conservative Balance SheetVery low leverage gives Ballard greater financial flexibility while it scales its fuel-cell business and pursues strategic initiatives. Limited debt exposure reduces refinancing pressure and preserves capacity to fund operations or investment during the transition toward profitability.
GeoPura Expands The Addressable MarketGeoPura could broaden Ballard beyond engine sales into an integrated Energy-as-a-Service model, increasing customer reach and potential recurring value capture. Its operating base and established customers may accelerate commercialization, while targeted synergies could improve long-term earnings power.
Bears Say
Persistent Heavy LossesBallard remains far from breakeven, so revenue growth has not yet translated into sustainable earnings. Deep operating and net losses can continue to erode equity, limit internally funded investment, and make the path to management’s end-2027 profitability target dependent on substantial execution improvement.
Negative Cash GenerationOngoing operating and free-cash-flow deficits show that the business still consumes cash while it develops and deploys its products. Continued burn may require reliance on existing liquidity or external funding, reducing financial flexibility if the transition to profitability takes longer than planned.
GeoPura Integration And Execution RiskThe planned business-model expansion introduces execution complexity beyond Ballard’s existing engine-sales activities. Financing deployments, completing the acquisition, and integrating operations must all succeed for the expected market expansion and synergies to materialize, creating meaningful delivery risk over the next several quarters.
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 C$2.09 and its highest was C$9.08 in the past 12 months.
What is Ballard Power Systems’s market cap?
Ballard Power Systems’s market cap is C$747.82M.
When is Ballard Power Systems’s upcoming earnings report date?
Ballard Power Systems’s upcoming earnings report date is Nov 16, 2026 which is in 24 days.
How were Ballard Power Systems’s earnings last quarter?
Ballard Power Systems released its earnings results on Jul 31, 2026. The company reported -C$0.098 earnings per share for the quarter, missing the consensus estimate of -C$0.061 by -C$0.037.
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 -0.05.
How many shares outstanding does Ballard Power Systems have?
Ballard Power Systems has 351,090,700 shares outstanding.
What happened to Ballard Power Systems’s price movement after its last earnings report?
Ballard Power Systems reported an EPS of -C$0.098 in its last earnings report, missing expectations of -C$0.061. Following the earnings report the stock price went down -4.113%.
Which hedge fund is a major shareholder of Ballard Power Systems?
Currently, no hedge funds are holding shares in TSE: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:
C$3.95 (23.07% Upside)
C$3.95 (23.07% Upside)
Blogger Sentiment
Bullish
TSE:BLDP Sentiment 60%
Sector Average 63%
Sector Average 63%
Crowd Wisdom
Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 2.3%
Last 30 Days ▲ 2.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-54.35%
12-Months-Change
Fundamentals
Return on Equity
-13.16%
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 TSE:BLDP earnings summariesBLDP Stock 12 Month Forecast
Average Price Target
C$3.95
▲(23.07% Upside)