Cormark Expects Increased Earnings for Ballard Power Systems

Ballard Power Systems Inc. (NASDAQ:BLDP - Free Report) TSE: BLD - Research analysts at Cormark boosted their Q2 2025 earnings per share (EPS) estimates for Ballard Power Systems in a research report issued to clients and investors on Wednesday, May 7th. Cormark analyst M. Whale now anticipates that the technology company will earn ($0.13) per share for the quarter, up from their prior forecast of ($0.14). The consensus estimate for Ballard Power Systems' current full-year earnings is ($0.54) per share. Cormark also issued estimates for Ballard Power Systems' Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.41) EPS, Q1 2026 earnings at ($0.09) EPS, Q2 2026 earnings at ($0.10) EPS, Q3 2026 earnings at ($0.09) EPS, Q4 2026 earnings at ($0.07) EPS and FY2026 earnings at ($0.36) EPS.

Several other equities research analysts have also recently issued reports on BLDP. Wells Fargo & Company set a $1.00 target price on Ballard Power Systems in a research note on Thursday, March 13th. BMO Capital Markets lowered their target price on Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating for the company in a report on Friday, March 14th. HSBC decreased their price objective on Ballard Power Systems from $1.90 to $1.40 and set a "hold" rating for the company in a research note on Friday, March 14th. Roth Mkm cut their target price on Ballard Power Systems from $1.75 to $1.25 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, Citigroup reissued a "sell" rating and set a $1.00 target price (down previously from $1.50) on shares of Ballard Power Systems in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Ballard Power Systems currently has a consensus rating of "Hold" and a consensus target price of $2.09.

Ballard Power Systems Price Performance

Shares of NASDAQ:BLDP traded up $0.01 during midday trading on Monday, hitting $1.38. The company had a trading volume of 2,240,316 shares, compared to its average volume of 5,652,054. The business's 50-day simple moving average is $1.22 and its 200-day simple moving average is $1.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.01 and a quick ratio of 8.19. The stock has a market cap of $412.27 million, a price-to-earnings ratio of -1.25 and a beta of 1.68. Ballard Power Systems has a twelve month low of $1.00 and a twelve month high of $3.23.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.05. Ballard Power Systems had a negative return on equity of 19.96% and a negative net margin of 357.78%. The firm had revenue of $14.76 million during the quarter, compared to analysts' expectations of $16.82 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Ballard Power Systems by 71.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,020,801 shares of the technology company's stock valued at $1,695,000 after purchasing an additional 425,374 shares during the period. Van ECK Associates Corp increased its holdings in shares of Ballard Power Systems by 35.4% in the fourth quarter. Van ECK Associates Corp now owns 2,466,084 shares of the technology company's stock valued at $4,094,000 after purchasing an additional 644,861 shares during the period. XTX Topco Ltd increased its holdings in shares of Ballard Power Systems by 494.0% in the fourth quarter. XTX Topco Ltd now owns 523,941 shares of the technology company's stock valued at $870,000 after purchasing an additional 435,729 shares during the period. Portolan Capital Management LLC acquired a new position in shares of Ballard Power Systems in the fourth quarter valued at approximately $2,508,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Ballard Power Systems in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 28.02% of the company's stock.

Ballard Power Systems Company Profile

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 comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.