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Ballard Power Systems ( (TSE:BLDP) ) has shared an update.
On November 13, 2025, Ballard Power Systems Inc. released its third-quarter financial results for 2025, highlighting a significant increase in product and service revenues compared to the previous year. Despite the growth in revenues, the company reported a loss from operating activities, reflecting ongoing challenges in managing operating expenses. The financial statements indicate a decrease in total assets and equity compared to the end of 2024, suggesting potential implications for stakeholders regarding the company’s financial health and strategic positioning in the fuel cell industry.
The most recent analyst rating on (TSE:BLDP) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Ballard Power Systems stock, see the TSE:BLDP Stock Forecast page.
Spark’s Take on TSE:BLDP Stock
According to Spark, TipRanks’ AI Analyst, TSE:BLDP is a Neutral.
Ballard Power Systems’ overall stock score is primarily impacted by its weak financial performance, characterized by persistent losses and negative cash flows. While technical indicators show some positive momentum, and the earnings call provided mixed signals with both improvements and challenges, the negative valuation metrics further weigh down the score.
To see Spark’s full report on TSE:BLDP stock, click here.
More about Ballard Power Systems
Ballard Power Systems Inc. is a Canadian company based in Burnaby, British Columbia, specializing in the development and manufacturing of proton exchange membrane (PEM) fuel cell products. These products are primarily used in the transportation sector, including buses, trucks, trains, and marine vessels, as well as in stationary power generation applications.
Average Trading Volume: 1,034,554
Technical Sentiment Signal: Hold
Current Market Cap: C$1.44B
See more data about BLDP stock on TipRanks’ Stock Analysis page.

