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BLDP Stock Chart & Stats
C$4.04
-C$0.30(-10.53%)
At close: 4:00 PM EST
C$4.04
-C$0.30(-10.53%)
Day’s Range― - ―
52-Week RangeC$2.34 - C$9.08
Previous CloseN/A
Volume1.96M
Average Volume (3M)1.17M
Market Cap
C$1.17B
Enterprise ValueC$310.42
Total Cash (Recent Filing)C$521.23M
Total Debt (Recent Filing)C$20.94M
Price to Earnings (P/E)―
Beta1.40
Next Earnings
Jul 31, 2026EPS Estimate
-0.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.27
Shares Outstanding301,481,450
10 Day Avg. Volume791,141
30 Day Avg. Volume1,165,487
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$5.64Price Target Upside39.69% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)-0.21
Revenue Forecast (FY)C$173.44M
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthBallard's large cash balance (~$516.8M) and extremely low leverage (debt-to-equity ~0.04) provide multi-quarter runway and financial flexibility. This reduces near-term solvency risk, allows continued investment in Project Forge and commercialization, and limits dilution or distressed financing needs while scaling.
Improving Unit EconomicsConsecutive positive gross margins (14%) alongside a 36% YoY reduction in operating expenses indicate structural improvement in manufacturing overhead and cost base. These changes point to durable margin recovery as volumes rise, improving the path to sustainable profitability once production scale and Project Forge cost reductions materialize.
Commercial Agreements & ServicesMultiyear OEM contracts and platform selections create predictable revenue channels and strengthen long-term OEM ties. Combined with a data-driven fleet services push (300M+ km) and an uptime standard, Ballard can build recurring aftermarket revenue and a TCO advantage that supports durable customer lock-in and steady service income.
Bears Say
Persistent Negative ProfitabilityDespite margin improvements, Ballard remains deeply unprofitable with TTM operating and net margins near -77% and ongoing negative operating and free cash flow. Extended losses require sustained scale-up and margin recovery; failure to achieve those would prolong cash burn and pressure strategic options despite a strong balance sheet.
Project Forge Execution RiskThe business case for durable unit-cost reductions depends on Project Forge's successful H2 2026 ramp. Delays or quality issues would keep manufacturing costs elevated, slow margin expansion, and defer break-even. Execution risk here directly affects competitiveness and the timing of when economies of scale can be realized.
Hydrogen Supply & Economics HeadwindWidespread adoption of fuel-cell mobility hinges on hydrogen price, distribution, and infrastructure. If hydrogen economics and supply logistics do not improve, total cost of ownership advantages shrink, limiting fleet adoption rates and reducing long-term demand for Ballard's fuel cell systems across heavy-duty markets.
Ballard Power Systems News
BLDP FAQ
What was Ballard Power’s price range in the past 12 months?
Ballard Power lowest stock price was C$2.34 and its highest was C$9.08 in the past 12 months.
What is Ballard Power’s market cap?
Ballard Power’s market cap is C$1.17B.
When is Ballard Power’s upcoming earnings report date?
Ballard Power’s upcoming earnings report date is Jul 31, 2026 which is in 12 days.
How were Ballard Power’s earnings last quarter?
Ballard Power released its earnings results on May 05, 2026. The company reported -C$0.054 earnings per share for the quarter, beating the consensus estimate of -C$0.077 by C$0.023.
Is Ballard Power overvalued?
According to Wall Street analysts Ballard Power’s price is currently Undervalued.
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 -0.06.
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 -C$0.054 in its last earnings report, beating expectations of -C$0.077. Following the earnings report the stock price went up 31.403%.
Which hedge fund is a major shareholder of Ballard Power?
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
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4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
C$5.64 (39.69% Upside)
C$5.64 (39.69% Upside)
Blogger Sentiment
Neutral
TSE:BLDP Sentiment 50%
Sector Average 62%
Sector Average 62%
Insider Transactions
Sold Shares
Worth C$88.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 16.8%
Last 30 Days ▲ 16.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.73%
12-Months-Change
Fundamentals
Return on Equity
-13.49%
Trailing 12-Months
Asset Growth
-12.36%
Trailing 12-Months
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.
BLDP Stock 12 Month Forecast
Average Price Target
C$5.64
▲(39.69% Upside)