BLDP
Ballard Power Systems Inc. NASDAQ Listed Nov 8, 1995$4.37
+5.05%
vs $4.16
Mkt Cap $1.3B
52w Low $1.40
59.6% of range
52w High $6.38
50d MA $4.26
200d MA $3.09
P/E (TTM)
-14.6x
EV/EBITDA
—
P/B
2.2x
Debt/Equity
0.0x
ROE
—
P/FCF
-19.7x
RSI (14)
19.00
ATR (14)
$0.47
Beta
1.54
50d MA
$4.26
200d MA
$3.09
Avg Volume
11.7M
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power. It also provides technology solutions, including engineering and technology transfer, as well as licenses and sells intellectual property portfolio and fundamental knowledge for various PEM fuel cell applications; and hydrogen fuel cell powertrain and vehicle systems integration solutions. It operates in China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, Sweden, and internationally. The company has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
9000 Glenlyon Parkway · Burnaby, BC V5J 5J8 · CA
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 12, 2026 | BMO | -0.07 | -0.06 | +14.3% | 2.42 | +0.8% | -1.2% | +0.0% | +5.9% | +5.9% | -2.6% | — |
| Nov 13, 2025 | BMO | -0.11 | -0.09 | +18.2% | 3.19 | -7.8% | -5.0% | +0.0% | -4.0% | -0.7% | -1.4% | — |
| Aug 11, 2025 | BMO | -0.10 | -0.08 | +20.0% | 1.80 | +0.0% | -3.9% | +0.0% | +8.1% | -2.1% | +9.3% | — |
| May 6, 2025 | BMO | -0.12 | -0.07 | +41.7% | 1.21 | +0.8% | -0.8% | +0.0% | +8.3% | +3.8% | +3.7% | — |
| Mar 13, 2025 | BMO | -0.18 | -0.14 | +22.2% | 1.28 | +1.6% | +3.1% | +0.0% | +2.3% | -0.7% | +0.0% | — |
| Nov 5, 2024 | BMO | -0.13 | -0.19 | -46.2% | 1.67 | -7.2% | -19.2% | +0.0% | -0.7% | +0.7% | -0.7% | — |
| Aug 12, 2024 | BMO | -0.13 | -0.11 | +15.4% | 1.84 | -1.6% | +7.1% | +0.0% | -7.1% | +1.1% | +1.6% | — |
| May 7, 2024 | BMO | -0.13 | -0.14 | -7.7% | 2.84 | -1.8% | +1.4% | +0.0% | +6.6% | -7.8% | +6.4% | — |
| Mar 11, 2024 | BMO | -0.12 | -0.16 | -33.3% | 3.00 | +0.7% | -4.0% | +0.0% | -3.1% | -2.2% | +1.8% | — |
| Nov 7, 2023 | BMO | -0.13 | -0.12 | +7.7% | 3.55 | -1.1% | -4.2% | +0.0% | +1.8% | -4.0% | -1.5% | — |
| Aug 9, 2023 | BMO | -0.13 | -0.10 | +23.1% | 4.80 | -1.7% | -4.2% | +0.0% | +0.4% | +1.3% | -6.0% | — |
| May 10, 2023 | BMO | -0.13 | -0.11 | +15.4% | 4.25 | +0.5% | +3.5% | +0.0% | -0.9% | +3.7% | -4.2% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 6 | TD Cowen | Reiterates | Hold | $4 | $4.33 | $4.25 | -1.8% | +10.4% | -1.7% | -12.1% | +1.0% | -0.2% |
| May 5 | Lake Street | Upgrade | Hold → Buy | $5 | $3.29 | $3.25 | -1.2% | +31.6% | +10.4% | -1.7% | -12.1% | +1.0% |
| Mar 27 | Wells Fargo | Maintains | Underweight → Underweight | — | $2.45 | $2.41 | -1.6% | -2.9% | -3.4% | +5.2% | -0.4% | +2.9% |
| Oct 22 | UBS | Maintains | Neutral → Neutral | — | $3.33 | $3.15 | -5.4% | -1.5% | +0.0% | +4.9% | -0.9% | +0.9% |
| Oct 13 | Susquehanna | Maintains | Neutral → Neutral | — | $3.27 | $3.48 | +6.4% | +6.7% | +14.0% | -5.5% | -2.4% | -1.1% |
| Aug 13 | Wells Fargo | Maintains | Underweight → Underweight | — | $1.73 | $1.76 | +1.7% | +8.1% | -2.1% | +9.3% | -0.5% | -2.5% |
| Aug 12 | BMO Capital | Maintains | Underperform → Underperform | — | $1.80 | $1.80 | +0.0% | -3.9% | +8.1% | -2.1% | +9.3% | -0.5% |
| Aug 12 | Roth Capital | Maintains | Neutral → Neutral | — | $1.80 | $1.80 | +0.0% | -3.9% | +8.1% | -2.1% | +9.3% | -0.5% |
| Aug 11 | Lake Street | Downgrade | Buy → Hold | — | $1.80 | $1.77 | -1.7% | +0.0% | -3.9% | +8.1% | -2.1% | +9.3% |
| Jul 21 | Susquehanna | Maintains | Neutral → Neutral | — | $1.89 | $1.90 | +0.5% | +2.6% | +5.2% | -1.0% | +4.0% | +1.4% |
| May 12 | UBS | Maintains | Neutral → Neutral | — | $1.35 | $1.39 | +3.0% | +3.7% | -0.7% | +2.2% | -3.5% | +3.6% |
| Apr 17 | Citigroup | Downgrade | Neutral → Sell | — | $1.20 | $1.17 | -2.5% | -5.8% | -3.5% | +2.8% | +3.6% | +5.2% |
| Apr 14 | Susquehanna | Maintains | Neutral → Neutral | — | $1.20 | $1.21 | +0.8% | +0.0% | -0.8% | +0.8% | -5.8% | -3.5% |
| Mar 14 | BMO Capital | Maintains | Underperform → Underperform | — | $1.28 | $1.30 | +1.6% | +3.1% | +2.3% | -0.7% | +0.0% | -1.5% |
| Mar 14 | Roth MKM | Maintains | Neutral → Neutral | — | $1.28 | $1.30 | +1.6% | +3.1% | +2.3% | -0.7% | +0.0% | -1.5% |
| Dec 4 | CIBC | Maintains | Underperform → Underperform | — | $1.47 | $1.47 | +0.0% | -1.4% | +11.7% | -0.6% | +6.2% | -0.6% |
| Nov 6 | CIBC | Maintains | Underperform → Underperform | — | $1.67 | $1.55 | -7.2% | -19.2% | -0.7% | +0.7% | -0.7% | -5.2% |
| Oct 16 | Susquehanna | Maintains | Neutral → Neutral | — | $1.63 | $1.62 | -0.6% | +0.0% | -1.8% | +5.0% | -1.2% | -0.6% |
| Sep 16 | Cormark Securities | Downgrade | Buy → Market Perform | — | $1.80 | $1.79 | -0.6% | -7.8% | +2.4% | +1.2% | +1.7% | -4.6% |
| Aug 14 | Raymond James | Maintains | Market Perform → Market Perform | — | $1.97 | $1.98 | +0.5% | -7.1% | +1.1% | +1.6% | +1.1% | -2.6% |
| Aug 13 | Wells Fargo | Maintains | Underweight → Underweight | — | $1.84 | $1.81 | -1.6% | +7.1% | -7.1% | +1.1% | +1.6% | +1.1% |
| Aug 13 | BMO Capital | Maintains | Underperform → Underperform | — | $1.84 | $1.81 | -1.6% | +7.1% | -7.1% | +1.1% | +1.6% | +1.1% |
| Aug 13 | Lake Street | Maintains | Buy → Buy | — | $1.84 | $1.81 | -1.6% | +7.1% | -7.1% | +1.1% | +1.6% | +1.1% |
| Aug 13 | Jefferies | Maintains | Hold → Hold | — | $1.84 | $1.81 | -1.6% | +7.1% | -7.1% | +1.1% | +1.6% | +1.1% |
| Aug 13 | Susquehanna | Maintains | Neutral → Neutral | — | $1.84 | $1.81 | -1.6% | +7.1% | -7.1% | +1.1% | +1.6% | +1.1% |
| Aug 13 | CIBC | Downgrade | Neutral → Underperform | — | $1.84 | $1.81 | -1.6% | +7.1% | -7.1% | +1.1% | +1.6% | +1.1% |
| Aug 13 | Truist | Maintains | Hold → Hold | — | $1.84 | $1.81 | -1.6% | +7.1% | -7.1% | +1.1% | +1.6% | +1.1% |
| May 9 | Wells Fargo | Maintains | Underweight → Underweight | — | $2.88 | $2.87 | -0.3% | +6.6% | -7.8% | +6.4% | +6.3% | -2.2% |
| May 8 | CIBC | Maintains | Neutral → Neutral | — | $2.84 | $2.79 | -1.8% | +1.4% | +6.6% | -7.8% | +6.4% | +6.3% |
| May 8 | HSBC | Maintains | Buy → Buy | — | $2.84 | $2.79 | -1.8% | +1.4% | +6.6% | -7.8% | +6.4% | +6.3% |
| May 8 | Truist | Maintains | Hold → Hold | — | $2.84 | $2.79 | -1.8% | +1.4% | +6.6% | -7.8% | +6.4% | +6.3% |
| Mar 13 | Raymond James | Maintains | Market Perform → Market Perform | — | $2.88 | $2.85 | -1.0% | -3.1% | -2.2% | +1.8% | -1.4% | +0.4% |
| Mar 13 | Piper Sandler | Maintains | Underweight → Underweight | — | $2.88 | $2.85 | -1.0% | -3.1% | -2.2% | +1.8% | -1.4% | +0.4% |
| Mar 12 | HSBC | Maintains | Buy → Buy | — | $3.00 | $3.02 | +0.7% | -4.0% | -3.1% | -2.2% | +1.8% | -1.4% |
| Mar 12 | Susquehanna | Maintains | Neutral → Neutral | — | $3.00 | $3.02 | +0.7% | -4.0% | -3.1% | -2.2% | +1.8% | -1.4% |
| Mar 12 | BMO Capital | Maintains | Underperform → Underperform | — | $3.00 | $3.02 | +0.7% | -4.0% | -3.1% | -2.2% | +1.8% | -1.4% |
| Mar 12 | Wells Fargo | Maintains | Underweight → Underweight | — | $3.00 | $3.02 | +0.7% | -4.0% | -3.1% | -2.2% | +1.8% | -1.4% |
| Mar 12 | TD Securities | Maintains | Hold → Hold | — | $3.00 | $3.02 | +0.7% | -4.0% | -3.1% | -2.2% | +1.8% | -1.4% |
| Mar 12 | CIBC | Maintains | Neutral → Neutral | — | $3.00 | $3.02 | +0.7% | -4.0% | -3.1% | -2.2% | +1.8% | -1.4% |
| Nov 13 | Wells Fargo | Maintains | Underweight → Underweight | — | $3.32 | $3.25 | -2.1% | -1.5% | +11.3% | +1.4% | -1.6% | +0.8% |
| Nov 13 | Truist | Maintains | Hold → Hold | — | $3.32 | $3.25 | -2.1% | -1.5% | +11.3% | +1.4% | -1.6% | +0.8% |
| Nov 8 | Susquehanna | Maintains | Neutral → Neutral | — | $3.55 | $3.51 | -1.1% | -4.2% | +1.8% | -4.0% | -1.5% | +11.3% |
| Nov 6 | Truist | Maintains | Hold → Hold | — | $3.66 | $3.62 | -1.1% | -2.7% | -0.3% | -4.2% | +1.8% | -4.0% |
| Oct 24 | HSBC | Upgrade | Hold → Buy | — | $3.30 | $3.45 | +4.5% | +6.1% | -3.4% | -3.0% | -3.7% | +0.9% |
| Oct 10 | UBS | Maintains | Neutral → Neutral | — | $3.49 | $3.50 | +0.3% | +7.2% | +1.6% | -3.2% | -1.1% | +1.6% |
| Aug 14 | Susquehanna | Maintains | Neutral → Neutral | — | $4.62 | $4.57 | -1.1% | +1.3% | -6.0% | -2.0% | -2.6% | -0.2% |
| Jun 27 | B. Riley Securities | Downgrade | Buy → Neutral | — | $4.26 | $4.20 | -1.4% | -0.7% | +2.4% | +1.6% | -0.9% | +0.0% |
| Jun 16 | Scotiabank | Maintains | Sector Perform → Perform | — | $4.63 | $4.68 | +1.1% | -1.1% | -1.1% | -2.2% | -1.1% | -1.8% |
| Jun 15 | Scotiabank | Maintains | Sector Perform → Sector Perform | — | $4.68 | $4.70 | +0.4% | -1.1% | -1.1% | -1.1% | -2.2% | -1.1% |
| Jun 14 | Wells Fargo | Maintains | Underweight → Underweight | — | $5.34 | $5.51 | +3.2% | -12.4% | -1.1% | -1.1% | -1.1% | -2.2% |
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Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 25,587,598 | $65M | Added | Dec 2025 |
| 2 | Two Sigma Investments, Lp | 12,343,152 | $30M | Added | Mar 2026 |
| 3 | D.e. Shaw & Co | 8,282,852 | $20M | Added | Mar 2026 |
| 4 | Ubs Group Ag | 5,846,780 | $14M | Added | Mar 2026 |
| 5 | Invesco Ltd. | 3,938,792 | $10M | Reduced | Mar 2026 |
| 6 | Bnp Paribas Financial Markets | 3,778,320 | $9M | Reduced | Mar 2026 |
| 7 | Citadel Advisors Llc | 2,889,033 | $7M | Reduced | Mar 2026 |
| 8 | Jane Street Group, Llc | 2,290,146 | $6M | Added | Dec 2025 |
| 9 | Qube Research & Technologies Ltd | 2,109,518 | $5M | Added | Mar 2026 |
| 10 | Millennium Management | 1,980,239 | $5M | Reduced | Mar 2026 |
| 11 | Zurcher Kantonalbank (Zurich Cantonalbank) | 1,202,472 | $3M | Reduced | Dec 2025 |
| 12 | Jpmorgan Chase & Co | 1,202,692 | $3M | Reduced | Mar 2026 |
| 13 | Storebrand Asset Management As | 864,712 | $2M | New | Dec 2025 |
| 14 | First Trust Advisors Lp | 659,474 | $2M | Reduced | Mar 2026 |
| 15 | Royal Bank Of Canada | 637,068 | $2M | Added | Mar 2026 |
| 16 | Mitsubishi Ufj Asset Management Co., Ltd. | 630,945 | $2M | Added | Mar 2026 |
| 17 | Point72 Asset Management | 598,814 | $1M | New | Mar 2026 |
| 18 | Bank Of America Corp /de/ | 575,907 | $1M | Added | Mar 2026 |
| 19 | Renaissance Technologies Llc | 562,894 | $1M | New | Mar 2026 |
| 20 | Marshall Wace, Llp | 260,570 | $631K | New | Mar 2026 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$1.32B
Enterprise Value
$793.8M
P/E (TTM)
-14.57x
Forward P/E
—
PEG Ratio
0.12x
P/B
2.25x
P/S
13.09x
P/FCF
-19.71x
EV/EBITDA
—
Shares Out
303.0M
Financials (TTM)
Revenue
$101.1M
Net Income
-$92.5M
EBITDA
-$77.4M
Free Cash Flow
-$67.2M
Op Cash Flow
-$57.2M
EPS Basic
$-0.31
EPS Diluted
$-0.30
EPS Forward
$-0.18
Gross Margin
2.4%
Op Margin
-80.6%
Net Margin
-91.5%
Balance Sheet
Total Assets
$681.1M
Total Liab.
$92.3M
Total Equity
$588.9M
Cash
$530.3M
LT Debt
$0
Book Value/Sh
$1.94
Debt/Equity
0.04x
Current Ratio
9.86
Quick Ratio
9.14
Returns & Growth
ROE
—
ROA
—
ROIC
-13.1%
Rev Growth YoY
+45.0%
EPS Growth YoY
+71.3%
Price Returns
2W
+52.3%
1M
+85.0%
3M
+193.9%
6M
+121.5%
12M
+387.6%
Technicals
52W High
$6.38
52W Low
$1.40
50d MA
$4.26
200d MA
$3.09
RSI (14)
19.00
ATR (14)
$0.47
Beta
1.54
Avg Volume
11.7M
Dividends
Div Rate
$0.00
Div Yield
—
Frequency
—
Ex-Div Date
—
Analyst Price Targets
Consensus
$2.72
High
$3.15
Low
$2.00
Median
$3.00
Data updated apr 24, 2026 9:58pm
· Source: financialmodelingprep.com