Equities Analysts Set Expectations for BLDP Q3 Earnings

Key Points

• KeyCorp raised its Q3 2026 EPS estimate for Ballard Power Systems to a loss of $0.05 per share from a prior estimate of $0.06, while maintaining a “Sector Weight” rating.
• Ballard’s latest quarterly results missed expectations, with a $0.07-per-share loss versus the projected $0.04 loss and revenue of $20.34 million compared with the $25.24 million consensus estimate.
• Analyst sentiment remains mixed but centers on a “Hold” consensus, with an average price target of $3.50; shares opened at $2.55 and have declined from a 12-month high of $6.57.

Ballard Power Systems, Inc. (NASDAQ:BLDP - Free Report) TSE: BLD - Equities research analysts at KeyCorp lifted their Q3 2026 earnings per share (EPS) estimates for shares of Ballard Power Systems in a report issued on Monday, August 3rd. KeyCorp analyst S. Jain now forecasts that the technology company will post earnings per share of ($0.05) for the quarter, up from their prior forecast of ($0.06). KeyCorp currently has a "Sector Weight" rating on the stock. The consensus estimate for Ballard Power Systems' current full-year earnings is ($0.19) per share.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last released its quarterly earnings results on Friday, July 31st. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $20.34 million for the quarter, compared to the consensus estimate of $25.24 million. Ballard Power Systems had a negative net margin of 72.78% and a negative return on equity of 13.23%.

A number of other research firms also recently weighed in on BLDP. ATB Cormark Capital Markets upped their target price on shares of Ballard Power Systems from $3.50 to $4.30 and gave the stock a "sector perform" rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Ballard Power Systems in a research report on Friday, July 17th. Wall Street Zen lowered shares of Ballard Power Systems from a "hold" rating to a "sell" rating in a research note on Saturday. TD Cowen upped their price objective on shares of Ballard Power Systems from $2.50 to $4.25 and gave the stock a "hold" rating in a report on Wednesday, May 6th. Finally, Zacks Research raised shares of Ballard Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $3.50.

Ballard Power Systems Stock Performance

Shares of Ballard Power Systems stock opened at $2.55 on Tuesday. Ballard Power Systems has a 12 month low of $1.70 and a 12 month high of $6.57. The firm has a market capitalization of $768.85 million, a P/E ratio of -9.81 and a beta of 2.29. The company has a current ratio of 11.19, a quick ratio of 10.36 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $3.60 and a two-hundred day simple moving average of $3.23.

Institutional Trading of Ballard Power Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of Ballard Power Systems by 204.5% during the fourth quarter. BNP Paribas Financial Markets now owns 3,993,972 shares of the technology company's stock valued at $10,145,000 after buying an additional 2,682,355 shares during the last quarter. Invesco Ltd. increased its position in shares of Ballard Power Systems by 48.6% during the fourth 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 in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Ballard Power Systems by 117.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,720,883 shares of the technology company's stock worth $4,327,000 after acquiring an additional 1,467,547 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Ballard Power Systems in the 2nd quarter worth approximately $3,392,000. Finally, Goldman Sachs Group Inc. lifted its position in Ballard Power Systems by 20.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,916,541 shares of the technology company's stock valued at $5,408,000 after acquiring an additional 829,012 shares in the last quarter. 28.02% of the stock is currently owned by institutional investors.

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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