Roth Capital Brokers Increase Earnings Estimates for BLDP

Key Points

• Roth Capital has raised its Q3 2025 EPS estimate for Ballard Power Systems to ($0.08) per share, reflecting a slight improvement from the previous estimate of ($0.09), while maintaining a "Neutral" rating with a target price of $1.80.
• Ballard Power Systems reported in its latest earnings results a loss of ($0.08) EPS, which surpassed analyst expectations of ($0.10), with revenue of $17.98 million against estimates of $17.94 million.
• Investment analysts have mixed views on Ballard Power Systems, with some increasing their price targets while others, like Wells Fargo and BMO Capital Markets, assigned "underweight" and "underperform" ratings, respectively.

Ballard Power Systems, Inc. (NASDAQ:BLDP - Free Report) TSE: BLD - Equities research analysts at Roth Capital increased their Q3 2025 EPS estimates for Ballard Power Systems in a research note issued to investors on Monday, August 11th. Roth Capital analyst C. Irwin now forecasts that the technology company will post earnings per share of ($0.08) for the quarter, up from their previous forecast of ($0.09). Roth Capital has a "Neutral" rating and a $1.80 price objective on the stock. The consensus estimate for Ballard Power Systems' current full-year earnings is ($0.54) per share. Roth Capital also issued estimates for Ballard Power Systems' FY2025 earnings at ($0.32) 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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. The business had revenue of $17.98 million for the quarter, compared to analysts' expectations 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 have also recently commented on BLDP. Wells Fargo & Company upped their price target on shares of Ballard Power Systems from $1.00 to $1.50 and gave the company an "underweight" rating in a research report on Wednesday. Lake Street Capital lowered shares of Ballard Power Systems from a "buy" rating to a "hold" rating in a report on Monday, August 11th. Susquehanna upped their target price on shares of Ballard Power Systems from $1.30 to $2.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Wall Street Zen upgraded shares of Ballard Power Systems to a "sell" rating in a report on Thursday, May 8th. Finally, National Bank Financial upgraded shares of Ballard Power Systems to a "hold" rating in a research note on Sunday, June 8th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $1.51.

Ballard Power Systems Price Performance

Shares of NASDAQ BLDP traded up $0.17 during midday trading on Thursday, reaching $2.00. 7,932,205 shares of the company were exchanged, compared to its average volume of 5,774,703. The company has a quick ratio of 8.13, a current ratio of 9.31 and a debt-to-equity ratio of 0.03. Ballard Power Systems has a one year low of $1.00 and a one year high of $2.28. The stock has a market cap of $599.74 million, a P/E ratio of -2.02 and a beta of 1.76. The stock's 50-day moving average price is $1.77 and its 200-day moving average price is $1.45.

Institutional Trading of Ballard Power Systems

A number of hedge funds and other institutional investors have recently modified their holdings of BLDP. Headlands Technologies LLC grew its stake in Ballard Power Systems by 364.7% during the second quarter. Headlands Technologies LLC now owns 71,027 shares of the technology company's stock valued at $113,000 after acquiring an additional 55,742 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Ballard Power Systems by 117.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,720,883 shares of the technology company's stock worth $4,327,000 after purchasing an additional 1,467,547 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Ballard Power Systems during the 2nd quarter worth about $83,000. Ardsley Advisory Partners LP purchased a new position in shares of Ballard Power Systems during the 2nd quarter worth about $80,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Ballard Power Systems by 108.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 36,792 shares of the technology company's stock valued at $58,000 after buying an additional 19,170 shares in the last quarter. 28.02% of the stock is owned by hedge funds and other institutional investors.

About Ballard Power Systems

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.