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BLDP Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
2.450
Open
2.320
VWAP
2.40
Vol
2.48M
Mkt Cap
728.21M
Low
2.320
Amount
5.95M
EV/EBITDA(TTM)
--
Total Shares
300.91M
EV
214.16M
EV/OCF(TTM)
--
P/S(TTM)
7.27
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 through fuel cell products and services segment. 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.
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Events Timeline

(ET)
2026-03-12
07:40:00
Sees 2026 Revenue Will Be Back-Half Weighted
select
2026-03-12
07:40:00
Ballard Reports Q4 Revenue of $33.6M
select
2026-03-11 (ET)
2026-03-11
09:40:00
National Bank Calls Ballard Power's New Flyer Deal a Positive Development
select
2026-03-10 (ET)
2026-03-10
20:10:00
Ballard Power Systems Reaches Agreement for 500 Fuel Cell Engines with New Flyer
select

News

Fool
2.0
03-18Fool
Plug Power Shares Dip Amid Legal Challenges and Leadership Changes
  • Stock Fluctuation: Plug Power closed at $2.32, down 0.43%, reflecting cautious market sentiment amid overall weakness in the hydrogen sector, which may impact future performance expectations.
  • Volume Decline: Today's trading volume reached 84.1 million shares, 15% below the three-month average of 96.8 million shares, indicating reduced investor interest that could affect short-term liquidity.
  • Legal Risks: The company faces multiple securities class action lawsuits alleging misrepresentation related to a $1.66 billion Department of Energy loan, which could exert pressure on its stock recovery narrative.
  • Management Changes: The appointment of new CEO Jose Luis Crespo has led to a 24.73% increase in stock price over the past month, and despite legal challenges, investors remain hopeful about the company's strategic transformation.
NASDAQ.COM
2.0
03-18NASDAQ.COM
Plug Power Stock Dips Amid Legal Challenges and Leadership Changes
  • Stock Fluctuation: Plug Power closed at $2.32 on Wednesday, down 0.43%, with trading volume at 84.1 million shares, which is 15% below its three-month average of 96.8 million shares, indicating market caution towards the hydrogen sector.
  • Historical Performance: Since its IPO in 1999, Plug Power's stock has plummeted by 99%, although it has gained 24.73% in the past month, the overall trend remains concerning, reflecting long-term challenges the company faces.
  • Legal Risks: The company is facing several securities class action lawsuits alleging misleading statements related to a $1.66 billion Department of Energy loan, which could negatively impact its stock price and market confidence.
  • Investor Focus: Under the new CEO Jose Luis Crespo, investors are cautiously watching the company's strategic shifts, even as analysts have not included it in their top investment picks, indicating uncertainty about its future development.
Yahoo Finance
2.0
03-18Yahoo Finance
Plug Power Stock Dips Slightly Amid Legal Challenges
  • Stock Fluctuation: Plug Power closed at $2.32 on Wednesday, down 0.43%, with trading volume reaching 84.1 million shares, which is 15% below its three-month average of 96.8 million shares, indicating cautious market sentiment towards the hydrogen sector.
  • Historical Performance: Since its IPO in 1999, Plug Power's stock has plummeted 99%, despite an initial strong performance, highlighting significant challenges that investors need to carefully assess regarding its future potential.
  • Legal Risks: The company is facing several securities class action lawsuits alleging misrepresentation related to a $1.66 billion Department of Energy loan, which could hinder its recovery narrative and impact investor confidence.
  • Leadership Change: The appointment of new CEO Jose Luis Crespo may signal a turning point for the company, as evidenced by a 24.73% stock price increase over the past month, although investors should remain vigilant about the potential implications of ongoing legal issues.
Yahoo Finance
9.5
03-12Yahoo Finance
Ballard Power Reports Record Revenue and Shipments in 2025
  • Significant Revenue Growth: Ballard Power Systems reported full-year revenue exceeding $99 million in 2025, reflecting a 43% year-over-year increase driven by strong sales in Europe and North America, showcasing the company's competitive position amid market recovery.
  • Record Engine Shipments: The company achieved nearly 800 engine shipments in 2025, delivering over 75 megawatts of power, which represents a 38% increase compared to 2024, enhancing market share and customer confidence.
  • Cost Control Effectiveness: Despite incurring $23 million in restructuring and related expenses in 2025, Ballard achieved a gross margin of 17% in Q4 and 5% for the full year, indicating positive progress in cost management and efficiency improvements.
  • Strong Cash Flow Performance: The company generated $11 million in cash flow from operating activities in Q4, with full-year cash usage down nearly 50% from 2024, providing a stronger financial foundation for future investments and operations.
Benzinga
9.5
03-12Benzinga
Ballard Power Reports Strong Q4 Results, Shares Surge
  • Earnings Beat: Ballard Power Systems reported a Q4 loss of 6 cents per share, outperforming the consensus estimate of an 8-cent loss, indicating improved financial performance and boosting investor confidence.
  • Revenue Growth: The company achieved revenue of $33.6 million, exceeding the analyst estimate of $31.21 million, reflecting strong market demand and sales performance that could drive future growth potential.
  • Margin Improvement: Gross margin increased by 30 basis points to 17%, aided by lower onerous contract provisions, product cost reductions, and a decline in manufacturing overhead, showcasing the company's success in cost control and efficiency enhancements.
  • Cash Flow Status: Operating cash flow stood at $11.4 million, a significant improvement from the $24.4 million cash used in operating activities last year, indicating progress in cash management and operational efficiency, thereby enhancing financial stability.
seekingalpha
7.5
03-12seekingalpha
Ballard Power Secures Agreement with New Flyer for Fuel Cell Bus Engines
  • Commercial Agreement: Ballard Power Systems has signed an agreement with New Flyer to supply 50 MW of fuel cell bus engines, which is expected to enhance the company's market share in the clean energy transportation sector.
  • Financial Outlook: With the implementation of this new agreement, Ballard Power anticipates revenue growth in the coming quarters, strengthening its competitive position in the renewable energy market.
  • Historical Performance Review: Historical financial data indicates that Ballard Power has maintained stable performance over recent quarters, showcasing its ongoing innovation in fuel cell technology.
  • Industry Impact Analysis: This collaboration not only boosts Ballard Power's brand influence but may also stimulate growth across the fuel cell industry, encouraging more companies to focus on clean energy solutions.
Wall Street analysts forecast BLDP stock price to rise
4 Analyst Rating
Wall Street analysts forecast BLDP stock price to rise
0 Buy
4 Hold
0 Sell
Hold
Current: 0.000
sliders
Low
2.50
Averages
2.93
High
3.30
Current: 0.000
sliders
Low
2.50
Averages
2.93
High
3.30
Wells Fargo
Underweight
maintain
$2
AI Analysis
2026-03-27
New
Reason
Wells Fargo
Price Target
$2
AI Analysis
2026-03-27
New
maintain
Underweight
Reason
Wells Fargo raised the firm's price target on Ballard Power to $2 from $1.50 and keeps an Underweight rating on the shares. The firm notes Q4 gross margin/EBITDA was above estimates, while revenue was in line. Ballard is looking to use PEM fuel cells for backup power for data centers. Strategic cost reduction initiatives are mostly complete, Wells adds. The firm also points out the company received a large follow-on bus order.
BMO Capital
Ameet Thakkar
Underperform
maintain
2026-03-13
Reason
BMO Capital
Ameet Thakkar
Price Target
2026-03-13
maintain
Underperform
Reason
BMO Capital analyst Ameet Thakkar raised the firm's price target on Ballard Power to $1.70 from $1.40 and keeps an Underperform rating on the shares after its Q4 results. BMO notes that the company posted positive quarterly cash flow from operations for the first time since Q4 of 2019, while gross margin for the second half of the year finished well ahead of its estimates. The firm remains at Underperform, however, as the company's 12-month order book and backlog imply little revenue upside, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for BLDP
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Valuation Metrics

The current forward P/E ratio for Ballard Power Systems Inc (BLDP.O) is 98.04, compared to its 5-year average forward P/E of -12.64. 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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-12.64
Current PE
98.04
Overvalued PE
22.56
Undervalued PE
-47.84

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-13.21
Current EV/EBITDA
-1.60
Overvalued EV/EBITDA
12.89
Undervalued EV/EBITDA
-39.30

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
16.56
Current PS
4.80
Overvalued PS
30.46
Undervalued PS
2.66

Financials

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Whales Holding BLDP

W
Weichai Power Co., Ltd.
Holding
BLDP
-1.99%
3M Return

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Frequently Asked Questions

What is Ballard Power Systems Inc (BLDP) stock price today?

The current price of BLDP is 2.42 USD — it has increased 5.22

What is Ballard Power Systems Inc (BLDP)'s business?

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 through fuel cell products and services segment. 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.

What is the price predicton of BLDP Stock?

Wall Street analysts forecast BLDP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLDP is2.93 USD with a low forecast of 2.50 USD and a high forecast of 3.30 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.

What is Ballard Power Systems Inc (BLDP)'s revenue for the last quarter?

Ballard Power Systems Inc revenue for the last quarter amounts to 33.64M USD, increased 37.19

What is Ballard Power Systems Inc (BLDP)'s earnings per share (EPS) for the last quarter?

Ballard Power Systems Inc. EPS for the last quarter amounts to -0.06 USD, decreased -62.50

How many employees does Ballard Power Systems Inc (BLDP). have?

Ballard Power Systems Inc (BLDP) has 492 emplpoyees as of April 01 2026.

What is Ballard Power Systems Inc (BLDP) market cap?

Today BLDP has the market capitalization of 728.21M USD.