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Ballard Power Systems (BLDP) Competitors

Ballard Power Systems logo
C$3.12 -0.10 (-3.11%)
As of 09/1/2026 04:00 PM Eastern

BLDP vs. NANO, NCE, TPS, VRT, and EFL

Should you buy Ballard Power Systems stock or one of its competitors? Ballard Power Systems's main competitors and comparable companies include Nano One Materials (NANO), Nesscap Energy (NCE), Turbo Power Systems (TPS), Vertiv (VRT), and Electrovaya (EFL). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "electrical equipment" industry.

How does Ballard Power Systems compare to Nano One Materials?

Nano One Materials (TSE:NANO) and Ballard Power Systems (TSE:BLDP) are both small-cap industrials companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, risk, earnings, dividends, media sentiment, analyst recommendations, institutional ownership and profitability.

Ballard Power Systems has a consensus price target of C$4.50, indicating a potential upside of 44.23%. Given Ballard Power Systems' stronger consensus rating and higher probable upside, analysts plainly believe Ballard Power Systems is more favorable than Nano One Materials.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nano One Materials
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Ballard Power Systems
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

4.3% of Nano One Materials shares are held by institutional investors. Comparatively, 12.0% of Ballard Power Systems shares are held by institutional investors. 15.5% of Ballard Power Systems shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Nano One Materials has a beta of 0.138639, meaning that its share price is 86% less volatile than the broader market. Comparatively, Ballard Power Systems has a beta of 1.113429, meaning that its share price is 11% more volatile than the broader market.

Nano One Materials has higher earnings, but lower revenue than Ballard Power Systems. Ballard Power Systems is trading at a lower price-to-earnings ratio than Nano One Materials, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nano One MaterialsN/AN/AN/A-C$0.14N/A
Ballard Power SystemsC$106.16M8.86-C$231.90M-C$0.26N/A

In the previous week, Nano One Materials had 1 more articles in the media than Ballard Power Systems. MarketBeat recorded 2 mentions for Nano One Materials and 1 mentions for Ballard Power Systems. Nano One Materials' average media sentiment score of 0.05 beat Ballard Power Systems' score of 0.00 indicating that Nano One Materials is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nano One Materials
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Ballard Power Systems
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Nano One Materials has a net margin of 0.00% compared to Ballard Power Systems' net margin of -72.38%. Nano One Materials' return on equity of 0.00% beat Ballard Power Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
Nano One MaterialsN/A N/A N/A
Ballard Power Systems -72.38%-13.17%-9.42%

Summary

Nano One Materials beats Ballard Power Systems on 7 of the 13 factors compared between the two stocks.

How does Ballard Power Systems compare to Nesscap Energy?

Ballard Power Systems (TSE:BLDP) and Nesscap Energy (CVE:NCE) are both small-cap industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, risk, institutional ownership, dividends, analyst recommendations, valuation, earnings and media sentiment.

Ballard Power Systems presently has a consensus price target of C$4.50, suggesting a potential upside of 44.23%. Given Ballard Power Systems' stronger consensus rating and higher probable upside, equities research analysts clearly believe Ballard Power Systems is more favorable than Nesscap Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Ballard Power Systems
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Nesscap Energy
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

In the previous week, Ballard Power Systems had 1 more articles in the media than Nesscap Energy. MarketBeat recorded 1 mentions for Ballard Power Systems and 0 mentions for Nesscap Energy. Ballard Power Systems' average media sentiment score of 0.00 equaled Nesscap Energy'saverage media sentiment score.

Company Overall Sentiment
Ballard Power Systems Neutral
Nesscap Energy Neutral

Nesscap Energy has a net margin of 0.00% compared to Ballard Power Systems' net margin of -72.38%. Nesscap Energy's return on equity of 0.00% beat Ballard Power Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
Ballard Power Systems-72.38% -13.17% -9.42%
Nesscap Energy N/A N/A N/A

12.0% of Ballard Power Systems shares are held by institutional investors. 15.5% of Ballard Power Systems shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Nesscap Energy has lower revenue, but higher earnings than Ballard Power Systems.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Ballard Power SystemsC$106.16M8.86-C$231.90M-C$0.26N/A
Nesscap EnergyN/AN/AN/AN/AN/A

Summary

Ballard Power Systems beats Nesscap Energy on 6 of the 9 factors compared between the two stocks.

How does Ballard Power Systems compare to Turbo Power Systems?

Turbo Power Systems (TSE:TPS) and Ballard Power Systems (TSE:BLDP) are both industrials companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, valuation, earnings, risk, dividends, analyst recommendations, profitability and media sentiment.

12.0% of Ballard Power Systems shares are owned by institutional investors. 15.5% of Ballard Power Systems shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Turbo Power Systems has higher earnings, but lower revenue than Ballard Power Systems.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Turbo Power SystemsN/AN/AN/AN/AN/A
Ballard Power SystemsC$106.16M8.86-C$231.90M-C$0.26N/A

Ballard Power Systems has a consensus target price of C$4.50, suggesting a potential upside of 44.23%. Given Ballard Power Systems' stronger consensus rating and higher possible upside, analysts plainly believe Ballard Power Systems is more favorable than Turbo Power Systems.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Turbo Power Systems
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Ballard Power Systems
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

In the previous week, Ballard Power Systems had 1 more articles in the media than Turbo Power Systems. MarketBeat recorded 1 mentions for Ballard Power Systems and 0 mentions for Turbo Power Systems. Turbo Power Systems' average media sentiment score of 0.00 equaled Ballard Power Systems'average media sentiment score.

Company Overall Sentiment
Turbo Power Systems Neutral
Ballard Power Systems Neutral

Turbo Power Systems has a net margin of 0.00% compared to Ballard Power Systems' net margin of -72.38%. Turbo Power Systems' return on equity of 0.00% beat Ballard Power Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
Turbo Power SystemsN/A N/A N/A
Ballard Power Systems -72.38%-13.17%-9.42%

Summary

Ballard Power Systems beats Turbo Power Systems on 6 of the 9 factors compared between the two stocks.

How does Ballard Power Systems compare to Vertiv?

Vertiv (CNSX:VRT) and Ballard Power Systems (TSE:BLDP) are both industrials companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, valuation, profitability, institutional ownership, media sentiment, earnings, risk and analyst recommendations.

Vertiv has a net margin of 0.00% compared to Ballard Power Systems' net margin of -72.38%. Vertiv's return on equity of 0.00% beat Ballard Power Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
VertivN/A N/A N/A
Ballard Power Systems -72.38%-13.17%-9.42%

12.0% of Ballard Power Systems shares are owned by institutional investors. 15.5% of Ballard Power Systems shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Ballard Power Systems has a consensus target price of C$4.50, indicating a potential upside of 44.23%. Given Ballard Power Systems' stronger consensus rating and higher possible upside, analysts plainly believe Ballard Power Systems is more favorable than Vertiv.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Vertiv
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Ballard Power Systems
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Vertiv has higher earnings, but lower revenue than Ballard Power Systems.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
VertivN/AN/AN/AN/AN/A
Ballard Power SystemsC$106.16M8.86-C$231.90M-C$0.26N/A

In the previous week, Vertiv had 1 more articles in the media than Ballard Power Systems. MarketBeat recorded 2 mentions for Vertiv and 1 mentions for Ballard Power Systems. Ballard Power Systems' average media sentiment score of 0.00 beat Vertiv's score of -0.32 indicating that Ballard Power Systems is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Vertiv
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Ballard Power Systems
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Ballard Power Systems beats Vertiv on 6 of the 10 factors compared between the two stocks.

How does Ballard Power Systems compare to Electrovaya?

Electrovaya (TSE:EFL) and Ballard Power Systems (TSE:BLDP) are both small-cap industrials companies, but which is the better investment? We will contrast the two companies based on the strength of their analyst recommendations, media sentiment, earnings, institutional ownership, profitability, valuation, dividends and risk.

Electrovaya has a beta of 1.55, meaning that its share price is 55% more volatile than the broader market. Comparatively, Ballard Power Systems has a beta of 1.113429, meaning that its share price is 11% more volatile than the broader market.

Ballard Power Systems has a consensus target price of C$4.50, indicating a potential upside of 44.23%. Given Ballard Power Systems' stronger consensus rating and higher probable upside, analysts plainly believe Ballard Power Systems is more favorable than Electrovaya.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrovaya
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Ballard Power Systems
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Electrovaya has higher earnings, but lower revenue than Ballard Power Systems. Ballard Power Systems is trading at a lower price-to-earnings ratio than Electrovaya, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ElectrovayaC$32.52M0.00-C$3.56M-C$0.03N/A
Ballard Power SystemsC$106.16M8.86-C$231.90M-C$0.26N/A

In the previous week, Ballard Power Systems had 1 more articles in the media than Electrovaya. MarketBeat recorded 1 mentions for Ballard Power Systems and 0 mentions for Electrovaya. Electrovaya's average media sentiment score of 0.00 equaled Ballard Power Systems'average media sentiment score.

Company Overall Sentiment
Electrovaya Neutral
Ballard Power Systems Neutral

Electrovaya has a net margin of -10.93% compared to Ballard Power Systems' net margin of -72.38%. Ballard Power Systems' return on equity of -13.17% beat Electrovaya's return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya-10.93% -4,709.93% -4.27%
Ballard Power Systems -72.38%-13.17%-9.42%

1.1% of Electrovaya shares are held by institutional investors. Comparatively, 12.0% of Ballard Power Systems shares are held by institutional investors. 34.6% of Electrovaya shares are held by company insiders. Comparatively, 15.5% of Ballard Power Systems shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Summary

Ballard Power Systems beats Electrovaya on 7 of the 13 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding BLDP and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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BLDP vs. The Competition

MetricBallard Power SystemsElectrical Equipment IndustryIndustrials SectorTSE Exchange
Market CapC$970.85MC$10.25BC$10.47BC$12.36B
Dividend Yield4.65%2.34%97.25%6.24%
P/E Ratio-12.0044.4925.9638.73
Price / Sales8.861,685.70375.929.78
Price / Cash2.2929.4424.0882.29
Price / Book1.688.174.534.63
Net Income-C$231.90MC$139.36MC$611.46MC$299.09M
7 Day Performance-1.89%-3.45%-2.34%-1.91%
1 Month Performance-16.35%-0.25%0.22%3.57%
1 Year Performance20.93%11.37%8.33%27.10%

Ballard Power Systems Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BLDP
Ballard Power Systems
1.5683 of 5 stars
C$3.12
-3.1%
C$4.50
+44.2%
+13.5%C$970.85MC$106.16MN/A1,173
NANO
Nano One Materials
N/AC$0.80
+1.3%
N/A-29.2%C$95.83MN/AN/A38
NCE
Nesscap Energy
N/AC$0.04
+14.3%
N/A+0.0%C$22.99MN/AN/A147,000
TPS
Turbo Power Systems
N/AN/AN/AN/AC$0.00N/AN/A147,000
VRT
Vertiv
N/AN/AN/AN/A$0.00N/AN/A27,000

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This page (TSE:BLDP) was last updated on 9/2/2026 by MarketBeat.com Staff.
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