Should I buy or sell Ballard Power Systems stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ballard Power Systems in the last twelve months. There are currently 2 sell ratings, 11 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" BLDP shares. View BLDP analyst ratings or view top-rated stocks .

What is Ballard Power Systems' stock price target for 2024?

14 brokerages have issued twelve-month target prices for Ballard Power Systems' shares. Their BLDP share price targets range from $3.50 to $6.00. On average, they predict the company's share price to reach $4.33 in the next year. This suggests a possible upside of 15.1% from the stock's current price. View analysts price targets for BLDP or view top-rated stocks among Wall Street analysts .

How have BLDP shares performed in 2023?

Ballard Power Systems' stock was trading at $4.79 at the beginning of 2023. Since then, BLDP shares have decreased by 21.5% and is now trading at $3.76. View the best growth stocks for 2023 here .

When is Ballard Power Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, March 15th 2024. View our BLDP earnings forecast .

How were Ballard Power Systems' earnings last quarter?

Ballard Power Systems Inc. (NASDAQ:BLDP) posted its quarterly earnings data on Tuesday, November, 7th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.01. The technology company had revenue of $27.58 million for the quarter, compared to the consensus estimate of $25.74 million. Ballard Power Systems had a negative net margin of 209.79% and a negative trailing twelve-month return on equity of 12.22%.

What ETFs hold Ballard Power Systems' stock?

ETFs with the largest weight of Ballard Power Systems (NASDAQ:BLDP) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX) and SPDR S&P Kensho Clean Power ETF (CNRG) . SPDR S&P Kensho Smart Mobility ETF (HAIL) .

What is Randall MacEwen's approval rating as Ballard Power Systems' CEO?

35 employees have rated Ballard Power Systems Chief Executive Officer Randall MacEwen on Glassdoor.com . Randall MacEwen has an approval rating of 78% among the company's employees. 67.0% of employees surveyed would recommend working at Ballard Power Systems to a friend.

What other stocks do shareholders of Ballard Power Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ballard Power Systems investors own include Arbutus Biopharma (ABUS) , Cedar Fair (FUN) , Plug Power (PLUG) , FuelCell Energy (FCEL) , Antares Pharma (ATRS) , NVIDIA (NVDA) , Tesla (TSLA) , Advanced Micro Devices (AMD) , Rite Aid (RAD) and Taylor Devices (TAYD) .

Who are Ballard Power Systems' major shareholders?

Ballard Power Systems' stock is owned by many different institutional and retail investors. Top institutional investors include Legal & General Group Plc (1.94%), Mirae Asset Global Investments Co. Ltd. (1.31%), Invesco Ltd. (0.81%), Van ECK Associates Corp (0.61%), Vontobel Holding Ltd. (0.59%) and Alps Advisors Inc. (0.34%).

How do I buy shares of Ballard Power Systems?

Shares of BLDP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Ballard Power Systems have any subsidiaries?

The following companies are subsidiares of Ballard Power Systems: BDF IP Holdings Ltd., Ballard Fuel Cell Systems Inc, Ballard Power Systems Europe A/S, Ballard Services Inc., Ballard Unmanned Systems Inc., Guangzhou Ballard Power, and Protonex Technology Corporation. Read More

Positive News SentimentPositive News

Ballard Power Systems Stock Price, News & Analysis (NASDAQ:BLDP)

$3.79

+0.08 (+2.16%)

(As of 02:40 PM ET)

Compare

Today's Range: $3.70
▼
$3.85
50-Day Range: $3.16
▼
$3.80
52-Week Range: $3.13
▼
$7.10

Volume: 1.23 million shs
Average Volume: 2.69 million shs
Market Capitalization: $1.13 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.33

Ballard Power Systems MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.93 Rating Score
Upside/Downside: 15.1% Upside
$4.33 Price Target
Short Interest: Bearish
9.33% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.46) to ($0.51) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.77 out of 5 stars

Computer And Technology Sector

454th out of 587 stocks

Electrical Industrial Apparatus Industry

7th out of 9 stocks

3.0

Analyst's Opinion

Consensus Rating
Ballard Power Systems has received a consensus rating of Reduce. The company's average rating score is 1.93, and is based on 1 buy rating, 11 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.33, Ballard Power Systems has a forecasted upside of 15.1% from its current price of $3.76.
Amount of Analyst Coverage
Ballard Power Systems has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
9.33% of the float of Ballard Power Systems has been sold short.
Short Interest Ratio / Days to Cover
Ballard Power Systems has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.
Change versus previous month
Short interest in Ballard Power Systems has recently decreased by 8.15%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Ballard Power Systems does not currently pay a dividend.
Dividend Growth
Ballard Power Systems does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BLDP.

3.8

News and Social Media Coverage

News Sentiment
Ballard Power Systems has a news sentiment score of 1.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Ballard Power Systems this week, compared to 2 articles on an average week.
Search Interest
11 people have searched for BLDP on MarketBeat in the last 30 days. This is an increase of 120% compared to the previous 30 days.
MarketBeat Follows
5 people have added Ballard Power Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ballard Power Systems insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.16% of the stock of Ballard Power Systems is held by insiders.
Percentage Held by Institutions
Only 23.41% of the stock of Ballard Power Systems is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Ballard Power Systems are expected to decrease in the coming year, from ($0.46) to ($0.51) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ballard Power Systems is -6.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ballard Power Systems is -6.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ballard Power Systems has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ballard Power Systems Stock (NASDAQ:BLDP)

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 markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and power generation. It also provides technology solutions, including engineering and technology transfer, as well as licenses and sells intellectual property portfolio and fundamental knowledge for various PEM fuel cell applications; and hydrogen fuel cell powertrain and vehicle systems integration solutions. It operates in the United States, Germany, the United Kingdom, China, France, Canada, Australia, Belgium, Denmark, Poland, Spain, India, Taiwan, Norway, Japan, and internationally. The company has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.

BLDP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BLDP Stock News Headlines

November 14, 2023 | seekingalpha.com

Ballard Power: Strong Q3 Results But 2024 Expectations Remain Too High

November 9, 2023 | msn.com

Ballard Power Systems (TSE:BLDP) Slips After Reporting Earnings

December 4, 2023 | Wealthpress (Ad)

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November 8, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These NA Companies: FLEX LNG (FLNG) and Ballard Power Systems (BLDP)

November 7, 2023 | msn.com

Ballard Power's Q3 Results Show Revenue Surge, Yet Net Losses Show An Upward Trend

November 7, 2023 | finanznachrichten.de

Ballard Power Systems Inc.: Ballard Reports Q3 2023 Results

November 7, 2023 | theglobeandmail.com

Ballard Power Systems reports third-quarter loss, revenue up nearly 30% from year ago

November 7, 2023 | msn.com

Ballard Power Systems GAAP EPS of -$0.21 misses by $0.08, revenue of $27.56M beats by $0.95M

December 4, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 7, 2023 | msn.com

Here's What Key Metrics Tell Us About Ballard (BLDP) Q3 Earnings

November 7, 2023 | finance.yahoo.com

Ballard Reports Q3 2023 Results

November 6, 2023 | benzinga.com

Earnings Preview: Ballard Power Systems

November 1, 2023 | finance.yahoo.com

Garmin's (GRMN) Q3 Earnings & Sales Beat Estimates, Up Y/Y

October 30, 2023 | seekingalpha.com

Ballard Power: Holding Onto Strategic Pivots And Green Energy Ambitions

October 11, 2023 | markets.businessinsider.com

Ballard Power Systems (BLDP) Gets a Hold from Scotiabank

October 10, 2023 | finance.yahoo.com

Ballard announces orders for over 170 hydrogen fuel cell engines to power Solaris buses in Europe

October 5, 2023 | msn.com

2 Top Environmental Stocks to Buy on the TSX Today

September 14, 2023 | finance.yahoo.com

Is Ballard Power Systems (BLDP) Too Good to Be True? A Comprehensive Analysis of a Potential ...

August 14, 2023 | markets.businessinsider.com

Analyst Expectations for Ballard Power Systems's Future

August 11, 2023 | msn.com

Ballard Power Stock: Is the Renewable Energy Stock a Buy After New Orders Double?

August 10, 2023 | markets.businessinsider.com

Piper Sandler Reaffirms Their Sell Rating on Ballard Power Systems (BLDP)

August 10, 2023 | seekingalpha.com

Ballard Power: Improving Business Trends Likely To Result In Renewed Growth

August 9, 2023 | finance.yahoo.com

Ballard Reports Q2 2023 Results

August 9, 2023 | finance.yahoo.com

Ballard Power Systems (BLDP) Reports Q2 Loss, Lags Revenue Estimates

August 4, 2023 | msn.com

Ballard Power soars on LOI to supply Ford Trucks with heavy-duty trucks fuel cell

August 4, 2023 | markets.businessinsider.com

Ballard Power Systems Enters LOI With Ford Trucks To Supply Fuel Cell System

August 4, 2023 | msn.com

Ballard Power shares climb on Ford heavy truck deal

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Today: 12/04/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electrical industrial apparatus
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:BLDP
CUSIP: N/A
CIK: 1453015
Web: www.ballard.com
Phone: (604) 454-0900
Fax: 604-412-4700
Employees: 1,296
Year Founded: 1979

Price Target and Rating

Average Stock Price Target: $4.33
High Stock Price Target: $6.00
Low Stock Price Target: $3.50
Potential Upside/Downside: +16.6%
Consensus Rating: Reduce
Rating Score (0-4): 1.93
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.54)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-173,490,000.00
Net Margins: -209.79%
Pretax Margin: -213.58%
Return on Equity: -12.22%
Return on Assets: -11.34%

Debt

Debt-to-Equity Ratio: 0.01
Current Ratio: 12.57
Quick Ratio: 11.59

Sales & Book Value

Annual Sales: $83.80 million
Price / Sales: 13.22
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.88 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 298,610,000
Free Float: 298,129,000
Market Cap: $1.11 billion
Optionable: Optionable
Beta: 1.86

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Key Executives

Mr. R. Randall MacEwen (Age 54)
CEO, President & Non-Independent Director
Comp: $744.6k
Mr. Paul Dobson (Age 57)
Senior VP & CFO
Comp: $545.9k
Dr. Kevin Colbow
Senior VP & CTO
Mr. Jesper Themsen
President & CEO of Europe
Mr. David Mucciacciaro
Senior VP & Chief Commercial Officer
Mr. Mark Biznek
Senior VP & COO
Kate Charlton
VP Corporate Finance & Investor Relations
Mr. Kerry Brent Hillier
General Counsel & Corporate Secretary
Mr. Nicolas Pocard (Age 57)
Vice President of Marketing & Strategic Partnerships
Ms. Sarbjot Sidhu
Senior VP and Chief People & Culture Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

BLDP Stock Analysis - Frequently Asked Questions

Should I buy or sell Ballard Power Systems stock right now?: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ballard Power Systems in the last twelve months. There are currently 2 sell ratings, 11 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" BLDP shares.
View BLDP analyst ratings or view top-rated stocks.
What is Ballard Power Systems' stock price target for 2024?: 14 brokerages have issued twelve-month target prices for Ballard Power Systems' shares. Their BLDP share price targets range from $3.50 to $6.00. On average, they predict the company's share price to reach $4.33 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
View analysts price targets for BLDP or view top-rated stocks among Wall Street analysts.
How have BLDP shares performed in 2023?: Ballard Power Systems' stock was trading at $4.79 at the beginning of 2023. Since then, BLDP shares have decreased by 21.5% and is now trading at $3.76.
View the best growth stocks for 2023 here.
When is Ballard Power Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, March 15th 2024.
View our BLDP earnings forecast.
How were Ballard Power Systems' earnings last quarter?: Ballard Power Systems Inc. (NASDAQ:BLDP) posted its quarterly earnings data on Tuesday, November, 7th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.01. The technology company had revenue of $27.58 million for the quarter, compared to the consensus estimate of $25.74 million. Ballard Power Systems had a negative net margin of 209.79% and a negative trailing twelve-month return on equity of 12.22%.
What ETFs hold Ballard Power Systems' stock?: ETFs with the largest weight of Ballard Power Systems (NASDAQ:BLDP) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX) and SPDR S&P Kensho Clean Power ETF (CNRG).SPDR S&P Kensho Smart Mobility ETF (HAIL).

What is Randall MacEwen's approval rating as Ballard Power Systems' CEO?: 35 employees have rated Ballard Power Systems Chief Executive Officer Randall MacEwen on Glassdoor.com. Randall MacEwen has an approval rating of 78% among the company's employees. 67.0% of employees surveyed would recommend working at Ballard Power Systems to a friend.
What other stocks do shareholders of Ballard Power Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ballard Power Systems investors own include Arbutus Biopharma (ABUS), Cedar Fair (FUN), Plug Power (PLUG), FuelCell Energy (FCEL), Antares Pharma (ATRS), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Rite Aid (RAD) and Taylor Devices (TAYD).
Who are Ballard Power Systems' major shareholders?: Ballard Power Systems' stock is owned by many different institutional and retail investors. Top institutional investors include Legal & General Group Plc (1.94%), Mirae Asset Global Investments Co. Ltd. (1.31%), Invesco Ltd. (0.81%), Van ECK Associates Corp (0.61%), Vontobel Holding Ltd. (0.59%) and Alps Advisors Inc. (0.34%).
How do I buy shares of Ballard Power Systems?: Shares of BLDP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does Ballard Power Systems have any subsidiaries?: The following companies are subsidiares of Ballard Power Systems: BDF IP Holdings Ltd., Ballard Fuel Cell Systems Inc, Ballard Power Systems Europe A/S, Ballard Services Inc., Ballard Unmanned Systems Inc., Guangzhou Ballard Power, and Protonex Technology Corporation.
Read More

This page (NASDAQ:BLDP) was last updated on 12/4/2023 by MarketBeat.com Staff

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Ballard Power Systems Stock Price, News & Analysis (NASDAQ:BLDP)

Ballard Power Systems MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ballard Power Systems Stock (NASDAQ:BLDP)

BLDP Stock Price History

BLDP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

BLDP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™