Ballard Power Systems (BLDP) Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ballard Power Systems in the last twelve months. There are currently 2 sell ratings and 14 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BLDP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLDP, but not buy additional shares or sell existing shares.
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16 Wall Street analysts have issued 12-month target prices for Ballard Power Systems' stock. Their BLDP share price forecasts range from $4.50 to $19.00. On average, they expect the company's share price to reach $6.82 in the next year. This suggests a possible upside of 63.1% from the stock's current price.
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Ballard Power Systems' stock was trading at $4.79 at the beginning of the year. Since then, BLDP stock has decreased by 12.7% and is now trading at $4.18.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our BLDP earnings forecast.

Ballard Power Systems Inc. (NASDAQ:BLDP) released its quarterly earnings data on Friday, March, 17th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.03. The technology company earned $20.50 million during the quarter, compared to analysts' expectations of $25.62 million. Ballard Power Systems had a negative trailing twelve-month return on equity of 13.10% and a negative net margin of 219.52%. The business's revenue for the quarter was down 44.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.15) EPS.

ETFs with the largest weight of Ballard Power Systems (NASDAQ:BLDP) stock in their portfolio include Global X Hydrogen ETF (HYDR), ProShares S&P Kensho Cleantech ETF (CTEX), Global X Clean Tech ETF (CTEC), Global X Autonomous & Electric Vehicles ETF (DRIV),

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.

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).

Ballard Power Systems trades on the NASDAQ under the ticker symbol "BLDP."

Ballard Power Systems' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (1.03%), State Street Corp (1.02%), Barclays PLC (0.63%), First Trust Advisors LP (0.60%), Van ECK Associates Corp (0.60%) and Dimensional Fund Advisors LP (0.54%).

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.
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One share of BLDP stock can currently be purchased for approximately $4.18.

Ballard Power Systems (NASDAQ:BLDP) has a market capitalization of $1.25 billion and generates $83.80 million in revenue each year. The technology company earns $-173,490,000.00 in net income (profit) each year or ($0.56) on an earnings per share basis.

The company employs 1,296 workers across the globe.

Ballard Power Systems' mailing address is 9000 GLENLYON PARKWAY, BURNABY A1, V5J 5J8. The official website for the company is www.ballard.com. The technology company can be reached via phone at (604) 454-0900, via email at https://www.ballard.com, or via fax at 604-412-4700.