Ballard Power Systems (NASDAQ:BLDP) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised its price target to $4.75 (from $3.15) and kept a "sector perform" rating, but analyst sentiment is mixed overall with a consensus target of $3.51 and an average rating of "Reduce".
• Shares rallied to $4.72 on heavy volume and technicals turned constructive with a "golden cross" (50‑day SMA above the 200‑day SMA), yet Q1 showed an EPS beat (loss of $0.04 vs. $0.06 estimate) alongside a revenue miss and continued negative margins and ROE.
• Solaris selected Ballard's FCmove‑SC fuel cell for its next‑generation hydrogen buses—a material commercial win—and several institutional investors have recently increased stakes, with institutions owning about 28% of the company.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD had its price target boosted by National Bank Financial from $3.15 to $4.75 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the technology company's stock. National Bank Financial's price target would indicate a potential upside of 0.74% from the stock's current price.

A number of other analysts also recently commented on BLDP. BMO Capital Markets boosted their target price on Ballard Power Systems from $1.70 to $2.10 and gave the stock an "underperform" rating in a research report on Wednesday. Lake Street Capital upgraded shares of Ballard Power Systems from a "hold" rating to a "buy" rating and raised their target price for the company from $3.00 to $5.00 in a report on Tuesday. Wells Fargo & Company lifted their target price on shares of Ballard Power Systems from $1.50 to $2.00 and gave the stock an "underweight" rating in a research report on Friday, March 27th. TD Cowen upped their price target on shares of Ballard Power Systems from $2.50 to $4.25 and gave the company a "hold" rating in a report on Wednesday. Finally, ATB Cormark Capital Markets raised their price objective on shares of Ballard Power Systems from $3.50 to $4.30 and gave the stock a "sector perform" rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $3.51.

Ballard Power Systems Price Performance

Ballard Power Systems stock traded up $0.39 during mid-day trading on Wednesday, reaching $4.72. The company had a trading volume of 12,046,605 shares, compared to its average volume of 3,707,806. The stock's 50-day simple moving average is $2.61 and its 200-day simple moving average is $2.73. Ballard Power Systems has a 1 year low of $1.18 and a 1 year high of $4.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.86 and a quick ratio of 9.14. The company has a market capitalization of $1.42 billion, a P/E ratio of -15.72 and a beta of 1.94.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $18.98 million for the quarter, compared to analyst estimates of $19.88 million. Ballard Power Systems had a negative return on equity of 14.62% and a negative net margin of 91.50%. On average, equities analysts predict that Ballard Power Systems will post -0.21 EPS for the current year.

Hedge Funds Weigh In On Ballard Power Systems

A number of institutional investors have recently modified their holdings of the company. Legal & General Group Plc lifted its stake in shares of Ballard Power Systems by 2.5% during the third quarter. Legal & General Group Plc now owns 13,459,729 shares of the technology company's stock valued at $36,486,000 after buying an additional 326,505 shares during the period. Two Sigma Investments LP grew its stake in Ballard Power Systems by 11.7% in the 3rd quarter. Two Sigma Investments LP now owns 6,282,641 shares of the technology company's stock worth $17,089,000 after acquiring an additional 657,107 shares during the period. Invesco Ltd. raised its holdings in Ballard Power Systems by 48.6% in the 4th quarter. Invesco Ltd. now owns 4,968,824 shares of the technology company's stock valued at $12,621,000 after acquiring an additional 1,625,542 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Ballard Power Systems by 20.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,916,541 shares of the technology company's stock worth $5,408,000 after purchasing an additional 829,012 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Ballard Power Systems by 204.5% during the 4th quarter. BNP Paribas Financial Markets now owns 3,993,972 shares of the technology company's stock worth $10,145,000 after purchasing an additional 2,682,355 shares during the period. Institutional investors and hedge funds own 28.02% of the company's stock.

Key Headlines Impacting Ballard Power Systems

Here are the key news stories impacting Ballard Power Systems this week:

• Positive Sentiment: Solaris, a major European bus maker and long-standing partner, formally selected Ballard to supply its FCmove®‑SC fuel cell engine for Solaris’s next‑generation hydrogen bus platform — a material commercial win that supports Ballard’s revenue pipeline and market credibility. Read More.
• Positive Sentiment: Lake Street Capital upgraded BLDP to "buy" and raised its target to $5.00, signaling increasing buy‑side conviction and providing support for near‑term upside. Read More.
• Positive Sentiment: Technicals turned constructive as BLDP experienced a "golden cross" (50‑day SMA crossing above the 200‑day SMA), a common technical trigger that attracts momentum traders and can amplify short‑term buying interest. Read More.
• Neutral Sentiment: Q1 results were mixed: Ballard beat EPS expectations (loss of $0.04 vs. estimate of $0.06) but missed revenue forecasts ($18.98M vs. ~$19.88M). The EPS beat reduces near‑term downside risk, but the revenue shortfall and still negative margins temper the bullish case. Read More.
• Negative Sentiment: Underlying profitability remains weak (large negative net margin and negative ROE), and the revenue miss highlights that top‑line growth is not yet consistent — factors that could limit multiple expansion until clearer commercial momentum is visible. Read More.
• Negative Sentiment: TD Cowen raised its price target to $4.25 but kept a "hold" rating; that PT implies downside relative to the intraday level and signals some analyst caution despite the upgrade. Mixed analyst signals can contribute to volatility. Read More.

Ballard Power Systems Company Profile

Ballard Power Systems NASDAQ: BLDP is a Canadian technology company specializing in the development and manufacture of proton exchange membrane (PEM) fuel cell products. Headquartered in Vancouver, British Columbia, Ballard designs and sells fuel cell stacks and modules that enable zero-emission power generation for a variety of applications, including heavy-duty motive systems, backup power, material handling equipment, and portable power solutions.

Since its founding in 1979, Ballard has built a strong intellectual property portfolio and a track record of innovation in PEM fuel cell technology.

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