Cormark Issues Optimistic Estimate for BLDP Earnings

Key Points

• Cormark has raised its Q3 2025 earnings estimate for Ballard Power Systems to a loss of ($0.09) per share, an improvement from the previous estimate of ($0.11).
• Analysts from various firms have expressed mixed sentiments about the company's stock, with ratings ranging from "hold" to "sell," and a consensus target price of $1.51.
• Ballard Power Systems reported a negative net margin of 409.35% and an earnings per share of ($0.08) for the last quarter, surpassing analysts' expectations.

Ballard Power Systems, Inc. (NASDAQ:BLDP - Free Report) TSE: BLD - Cormark upped their Q3 2025 EPS estimates for Ballard Power Systems in a note issued to investors on Tuesday, August 19th. Cormark analyst M. Whale now anticipates that the technology company will post earnings of ($0.09) per share for the quarter, up from their previous estimate of ($0.11). The consensus estimate for Ballard Power Systems' current full-year earnings is ($0.54) per share. Cormark also issued estimates for Ballard Power Systems' FY2025 earnings at ($0.35) EPS, Q1 2026 earnings at ($0.07) EPS, Q2 2026 earnings at ($0.07) EPS, Q3 2026 earnings at ($0.07) EPS, Q4 2026 earnings at ($0.05) EPS and FY2026 earnings at ($0.27) EPS.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last announced its quarterly earnings data on Monday, August 11th. The technology company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. The firm had revenue of $17.98 million for the quarter, compared to analyst estimates of $17.94 million. Ballard Power Systems had a negative net margin of 409.35% and a negative return on equity of 21.52%.

A number of other brokerages also recently weighed in on BLDP. Susquehanna upped their price objective on shares of Ballard Power Systems from $1.30 to $2.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. UBS Group reduced their price target on shares of Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating for the company in a research report on Monday, May 12th. Lake Street Capital cut shares of Ballard Power Systems from a "buy" rating to a "hold" rating in a research note on Monday, August 11th. Wells Fargo & Company upped their price objective on shares of Ballard Power Systems from $1.00 to $1.50 and gave the company an "underweight" rating in a research note on Wednesday, August 13th. Finally, Roth Capital increased their price target on shares of Ballard Power Systems from $1.25 to $1.80 and gave the company a "neutral" rating in a research note on Monday, August 11th. Eleven analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $1.51.

Ballard Power Systems Stock Performance

NASDAQ BLDP traded up $0.12 on Thursday, reaching $2.01. 3,866,911 shares of the company's stock traded hands, compared to its average volume of 4,725,611. The firm has a market cap of $602.73 million, a price-to-earnings ratio of -2.03 and a beta of 1.76. The stock has a 50 day moving average price of $1.80 and a 200-day moving average price of $1.47. Ballard Power Systems has a fifty-two week low of $1.00 and a fifty-two week high of $2.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.32 and a current ratio of 9.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its position in Ballard Power Systems by 104.2% during the 2nd quarter. Legal & General Group Plc now owns 13,133,224 shares of the technology company's stock worth $20,977,000 after purchasing an additional 6,701,756 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Ballard Power Systems by 20.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,916,541 shares of the technology company's stock valued at $5,408,000 after purchasing an additional 829,012 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ballard Power Systems by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,081,746 shares of the technology company's stock worth $4,499,000 after acquiring an additional 285,317 shares during the last quarter. Invesco Ltd. raised its position in Ballard Power Systems by 3.6% during the first quarter. Invesco Ltd. now owns 3,729,188 shares of the technology company's stock worth $4,102,000 after acquiring an additional 130,772 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in Ballard Power Systems by 117.1% during the second 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. 28.02% of the stock is owned by hedge funds and other institutional investors.

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.