BLDP Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

31.62M

+28.94%

-0.075

-40.19%

22.63M

+47.04%

-0.062

-36.23%

24.53M

+37.83%

-0.060

-43.99%

Estimates Revision

The market is revising Upward the revenue expectations for Ballard Power Systems Inc. (BLDP) for FY2025, with the revenue forecasts being adjusted by 8.94% over the past three months. During the same period, the stock price has changed by -15.60%.

Revenue Estimates for FY2025

Revise Upward

+8.94%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-8.93%

In Past 3 Month

Stock Price

Go Down

-15.60%

In Past 3 Month

8 Analyst Rating

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 is 2.85 USD with a low forecast of 1.40 USD and a high forecast of 3.50 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

6 Hold

2 Sell

Hold

Current: 0.000

Low

1.40

Averages

2.85

High

3.50

Current: 0.000

Low

1.40

Averages

2.85

High

3.50

TD Cowen

Jeff Osborne

Sell

Hold

upgrade

$2.50

2026-01-09

New

Reason

TD Cowen

Jeff Osborne

Price Target

$2.50

2026-01-09

New

upgrade

Sell

Hold

Reason

TD Cowen analyst Jeff Osborne upgraded Ballard Power to Hold from Sell with a $2.50 price target. The firm still expects 2026 to remain a challenging year for hydrogen fuel cells. However, Ballard has removed near-term negative catalysts through its restructuring, spending cuts, strategic exits from China and Texas, and a focus on the European and U.S. transit markets, the analyst tells investors in a research note. As such, TD sees a more balanced risk/reward at current share levels.

Roth Capital

Neutral

maintain

2025-11-17

Reason

Roth Capital

Price Target

2025-11-17

maintain

Neutral

Reason

Roth Capital raised the firm's price target on Ballard Power to $3 from $1.80 and keeps a Neutral rating on the shares. Ballard reported Q3 revenue and gross margins well above estimates, but backlog declined on delayed orders, the analyst tells investors in a research note. The firm is incrementally positive on management's strategic actions, but awaits improved growth visibility.

TD Cowen

Jeff Osborne

Sell

maintain

2025-11-14

Reason

TD Cowen

Jeff Osborne

Price Target

2025-11-14

maintain

Sell

Reason

TD Cowen analyst Jeff Osborne raised the firm's price target on Ballard Power to $2.50 from $1 and keeps a Sell rating on the shares. The firm said they posted a surprise 15% gross margin in 3Q25, though one-time benefits drove most of the improvement. While bookings softened and the 12-month order book declined, bus and rail remain over 70% of the mix, and the margin outlook for 2026 is improving.

Roth Capital

Neutral

maintain

2025-11-14

Reason

Roth Capital

Price Target

2025-11-14

maintain

Neutral

Reason

Roth Capital raised the firm's price target on Ballard Power to $3 from $1.80 and keeps a Neutral rating on the shares after the company reported Q3 revenue and gross margins well above estimates. While "incrementally positive" on management's strategic actions, the firm maintains a Neutral as it waits for improved growth visibility, the analyst tells investors.

UBS

Neutral

upgrade

2025-10-22

Reason

UBS

Price Target

2025-10-22

upgrade

Neutral

Reason

UBS raised the firm's price target on Ballard Power to $3.50 from $1.40 and keeps a Neutral rating on the shares.

Lake Street

Buy

Hold

downgrade

$5 -> $2

2025-08-11

Reason

Lake Street

Price Target

$5 -> $2

2025-08-11

downgrade

Buy

Hold

Reason

Lake Street downgraded Ballard Power to Hold from Buy with a price target of $2, down from $5.

Valuation Metrics

The current forward P/E ratio for Ballard Power Systems Inc (BLDP.O) is -10.58, compared to its 5-year average forward P/E of -21.95. 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

-21.95

Current PE

-10.58

Overvalued PE

7.38

Undervalued PE

-51.27

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

-18.21

Current EV/EBITDA

-4.21

Overvalued EV/EBITDA

15.17

Undervalued EV/EBITDA

-51.58

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

20.42

Current PS

7.39

Overvalued PS

41.07

Undervalued PS

-0.23

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

BLDP News & Events

Events Timeline

No data

News

6.0

2025-12-31Fool

Plug Power Upgraded to Buy by Clear Street with $3 Price Target

6.0

2025-12-31NASDAQ.COM

Plug Power Shares Rise Slightly Following Upgrade to Buy with $3 Price Target

4.0

2025-12-02NASDAQ.COM

Ballard (BLDP) Receives Upgrade to Buy: Key Information You Need to Know

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Frequently Asked Questions

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

The current price of BLDP is 2.76 USD — it has increased 1.1 % in the last trading day.

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?

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

Ballard Power Systems Inc revenue for the last quarter amounts to 32.50M USD, increased 120.26 % YoY.

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 -0.09 USD, decreased -86.76 % YoY.

What changes have occurred in the market's expectations for Ballard Power Systems Inc (BLDP)'s fundamentals?

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

Ballard Power Systems Inc (BLDP) has 887 emplpoyees as of January 10 2026.

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

Today BLDP has the market capitalization of 830.04M USD.