BLDP

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0.000(0.000%)

Overview
Forecast
Valuation

High

1.290

Open

1.220

VWAP

1.26

Vol

6.45M

Mkt Cap

377.79M

Low

1.215

Amount

8.10M

EV/EBITDA(TTM)

Total Shares

299.39M

-204.63M

EV/OCF(TTM)

P/S(TTM)

5.40

Ballard Power Systems Inc. is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. The Company operates in a single segment of fuel cell products and services. Embedded in each Ballard fuel cell product lies a stack of unit cells designed with its PEM fuel cell technology that includes membrane electrode assemblies, catalysts, plates, and other key components, and draw on intellectual property from its patent portfolio, together with its experience and know-how, in key areas of PEM fuel cell stack design, operation, production processes and systems integration.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q2

FY2025Q1

26.24M

+77.85%

-0.103

-46.98%

19.80M

+23.76%

-0.108

+3.09%

16.73M

+15.77%

-0.110

-19.11%

Estimates Revision

The market is revising Downward the revenue expectations for Ballard Power Systems Inc. (BLDP) for FY2025, with the revenue forecasts being adjusted by -8.05% over the past three months. During the same period, the stock price has changed by -8.70%.

Revenue Estimates for FY2025

Revise Downward

-8.05%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+2.4%

In Past 3 Month

Stock Price

Go Down

-8.70%

In Past 3 Month

10 Analyst Rating

-3.17% Downside

Wall Street analysts forecast BLDP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLDP is 1.22 USD with a low forecast of 1.00 USD and a high forecast of 2.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

5 Hold

5 Sell

Moderate Sell

-3.17% Downside

Current: 1.260

Low

1.00

Averages

1.22

High

2.00

-3.17% Downside

Current: 1.260

Low

1.00

Averages

1.22

High

2.00

Citigroup

Vikram Bagri

Hold

Strong Sell

Downgrades

n/a

2025-04-17

Reason

Citigroup

Vikram Bagri

Price Target

n/a

2025-04-17

Downgrades

Hold

Strong Sell

Reason

Citi analyst Vikram Bagri downgraded Ballard Power to Sell from Neutral with a price target of $1, down from $1.50. The firm believes the macro headwinds faced by green hydrogen economy will prove to be difficult to overcome. Ballard's headwinds include uncertainty on tax credits, delays to existing funding, push outs of funding on projects, prevalence of lower cost technologies, weakness of certain customers, and competition from established players, the analyst tells investors in a research note. Citi says this all weighs on the outlook for truck adoption of hydrogen.

Susquehanna

Biju Perincheril

Hold

Maintains

$1.4 → $1.3

2025-04-14

Reason

Susquehanna

Biju Perincheril

Price Target

$1.4 → $1.3

2025-04-14

Maintains

Hold

Reason

Susquehanna analyst Charles Minervino lowered the firm's price target on Ballard Power to $1.30 from $1.40 and keeps a Neutral rating on the shares. The firm updated estimates and price targets before Q1 earnings for the alternative energy names. The analyst remains cautious on the industry given tariff and Investment Tax Credit repeal risk. Given the market uncertainty, Susquehanna likes names with" robust backlogs and a domestic manufacturing presence" such as GE Vernova (GEV) and First Solar (FSLR).

BMO Capital

Ameet Thakkar

Sell

Maintains

$1.3 → $1.2

2025-03-14

Reason

BMO Capital

Ameet Thakkar

Price Target

$1.3 → $1.2

2025-03-14

Maintains

Sell

Reason

BMO Capital lowered the firm's price target on Ballard Power to $1.20 from $1.30 and keeps an Underperform rating on the shares after its latest results highlighted another marker of a difficult year for the hydrogen fuel cell industry. The firm is encouraged by record order intake of $75.4M during Q4, particularly following two quarters of significant sequential backlog declines, but Ballard's profitability remains constrained by its ability to scale beyond this, the analyst tells investors in a research note.

Roth MKM

Craig Irwin

Hold

Maintains

$1.75 → $1.25

2025-03-14

Reason

Roth MKM

Craig Irwin

Price Target

$1.75 → $1.25

2025-03-14

Maintains

Hold

Reason

Roth MKM lowered the firm's price target on Ballard Power to $1.25 from $1.75 and keeps a Neutral rating on the shares. The company posted a Q4 earnings miss vs. consensus, and while the $50M higher backlog growth from Q3 was impressive, Ballard faces execution risks as 40% of orders from North America where available subsidies are uncertain and the $39M Q3 de-booking leaves unanswered questions, the analyst tells investors in a research note.

CIBC

Hamir Patel

Sell

Maintains

$1.4 → $1.2

2024-12-04

Reason

CIBC

Hamir Patel

Price Target

$1.4 → $1.2

2024-12-04

Maintains

Sell

Reason

CIBC

Hamir Patel

Sell

Maintains

$1.6 → $1.4

2024-11-06

Reason

CIBC

Hamir Patel

Price Target

$1.6 → $1.4

2024-11-06

Maintains

Sell

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Ballard Power Systems Inc (BLDP.O) is -3.05, compared to its 5-year average forward P/E of -35.22. For a more detailed relative valuation and DCF analysis to assess Ballard Power Systems Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-35.22

Current PE

-3.05

Overvalued PE

6.20

Undervalued PE

-76.65

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

-36.73

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

18.33

Undervalued EV/EBITDA

-91.79

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

24.00

Current PS

0.00

Overvalued PS

44.72

Undervalued PS

3.28