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

Company Overview

Ballard Power Systems Inc. is a clean-energy technology company that develops and manufactures proton exchange membrane (PEM) fuel cell products and systems. Its technology generates electricity through an electrochemical reaction between hydrogen and oxygen, producing water and heat as byproducts during operation.

The company focuses primarily on heavy-duty applications, including fuel cell engines and modules for transit and commercial buses, trucks, trains, marine vessels and stationary power systems. Ballard supplies fuel cell stacks, modules and related systems to vehicle manufacturers, integrators and other customers seeking low-emission power solutions.

Founded in 1979 and headquartered in Vancouver, British Columbia, Ballard serves customers and participates in projects across North America, Europe, Asia and other international markets. The company has historically emphasized transportation applications where battery-electric systems may face limitations related to range, payload, refueling time or operating conditions.

Randy MacEwen has served as Ballard Power Systems’ president and chief executive officer since 2014. The company is listed on the Nasdaq Stock Market under the symbol BLDP and on the Toronto Stock Exchange under the symbol BLDP.

Key Stats

• Today's Range: $2.04 to $2.10
• 50-Day Range: $2.02 to $2.87
• 52-Week Range: $1.92 to $6.57
• Volume: 1.60 million shs
• Average Volume: 2.71 million shs
• Market Capitalization: $720.19 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.39
• Consensus Rating: Reduce

Ballard Power Systems Stock Analysis - MarketRank™

Ballard Power Systems scored higher than 44% of companies evaluated by MarketBeat, and ranked 483rd out of 653 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.0 / 5
• Analyst Rating: Reduce

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 no strong buy ratings, 2 buy ratings, 10 hold ratings, and 3 sell ratings.

Upside Potential

Ballard Power Systems has a consensus price target of $3.39, representing about 65.2% upside from its current price of $2.05.

Amount of Analyst Coverage

Ballard Power Systems has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Ballard Power Systems are expected to grow in the coming year, from ($0.17) to ($0.10) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ballard Power Systems is -7.88, 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 -7.88, 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 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.96% 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 6.4.

Change versus previous month

Short interest in Ballard Power Systems has recently increased by 9.07%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

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.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.56

News Sentiment

Ballard Power Systems has a news sentiment score of 0.56. 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 news sentiment score is similar to the average news sentiment of Industrials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Ballard Power Systems this week, compared to 3 articles on an average week.

Search Interest

Only 5 people have searched for BLDP on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

2 people have added Ballard Power Systems to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.3 / 5
• Insider Trading: N/A

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

0.16% of the stock of Ballard Power Systems is held by insiders.

Percentage Held by Institutions

28.02% of the stock of Ballard Power Systems is held by institutions.

Company Calendar

• Last Earnings: 7/31/2026
• Today: 10/04/2026
• Next Earnings (Estimated): 11/12/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrials
• Industry: Electrical Equipment
• Sub-Industry: Electrical Components & Equipment
• Current Symbol: NASDAQ:BLDP
• CIK: 1453015
• Web: www.ballard.com
• Phone: (604) 454-0900
• Fax: 604-412-4700
• Employees: 492
• Year Founded: 1979

Price Target and Rating

• Average Price Target for Ballard Power Systems: $3.39
• High Price Target: $5.00
• Low Price Target: $2.00
• Potential Upside/Downside: +65.2%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.93
• Research Coverage: 15 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.26)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$90.91 million
• Net Margins: -72.78%
• Pretax Margin: -72.76%
• Return on Equity: -13.23%
• Return on Assets: -11.44%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 11.19
• Quick Ratio: 10.36

Sales & Book Value

• Annual Sales: $99.40 million
• Price / Sales: 7.25
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.96 per share
• Price / Book: 1.05

Miscellaneous

• Outstanding Shares: 351,310,000
• Free Float: 350,752,000
• Market Cap: $720.19 million
• Optionable: Optionable
• Beta: 2.26