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Ballard Power (BLDP)
NASDAQ:BLDP

Ballard Power Systems (BLDP) Price & Analysis

3,390 Followers

BLDP Stock Chart & Stats

$2.96
-$0.22(-11.06%)
At close: 4:00 PM EST
$2.96
-$0.22(-11.06%)

Bulls Say, Bears Say

Bulls Say
Balance Sheet StrengthA large cash balance and negligible financial leverage provide durable financing flexibility, lowering solvency risk while the company scales. This buffer supports continued R&D, Project Forge ramp and warranty/service obligations without near-term refinancing pressure, allowing multi‑quarter execution leeway.
Improving Unit EconomicsSustained gross margin improvement and sizeable opex cuts show structural progress in manufacturing overhead and cost base. If trends persist with higher volumes, these improvements make a path to durable profitability more plausible by improving per-unit economics and reducing the break-even revenue threshold.
Commercial Partnerships & Recurring ServicesLong-term supply agreements and a data-driven fleet services offering create stickiness with OEMs and operators, enabling recurring aftermarket revenue. The large operational dataset and uptime standard strengthen the total-cost-of-ownership value proposition, supporting sustained demand and margin capture over time.
Bears Say
Persistent Losses And Cash BurnDespite improvements, the company remains cash‑consumptive and unprofitable on an adjusted basis. Continued negative operating and free cash flow requires reliance on the cash buffer or external funding if commercial ramps slip, leaving the business exposed until consistent positive operating cash generation is achieved.
Execution Risk: Project Forge RampThe business case for durable margin improvement depends on successful automation and scale from Project Forge. Delays, yield issues or slower-than-expected throughput would sustain high unit costs, undercut margin assumptions and impede competitive pricing, making long-term profitability contingent on timely execution.
Hydrogen Economics & Demand LumpinessFuel-cell adoption hinges on hydrogen price, distribution and policy support. Weak hydrogen economics and uneven public funding create structural uncertainty for fleet purchases, producing lumpy order patterns and prolonging the timeline for stable, scaled demand necessary for predictable revenue and service growth.

Ballard Power Systems News

BLDP FAQ

What was Ballard Power’s price range in the past 12 months?
Ballard Power lowest stock price was $1.70 and its highest was $6.57 in the past 12 months.
    What is Ballard Power’s market cap?
    Ballard Power’s market cap is $892.67M.
      When is Ballard Power’s upcoming earnings report date?
      Ballard Power’s upcoming earnings report date is Jul 31, 2026 which is in 15 days.
        How were Ballard Power’s earnings last quarter?
        Ballard Power released its earnings results on May 05, 2026. The company reported -$0.038 earnings per share for the quarter, beating the consensus estimate of -$0.055 by $0.016.
          Is Ballard Power overvalued?
          According to Wall Street analysts Ballard Power’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Ballard Power pay dividends?
            Ballard Power does not currently pay dividends.
            What is Ballard Power’s EPS estimate?
            Ballard Power’s EPS estimate is -0.04.
              How many shares outstanding does Ballard Power have?
              Ballard Power has 301,481,450 shares outstanding.
                What happened to Ballard Power’s price movement after its last earnings report?
                Ballard Power reported an EPS of -$0.038 in its last earnings report, beating expectations of -$0.055. Following the earnings report the stock price went up 31.611%.
                  Which hedge fund is a major shareholder of Ballard Power?
                  Currently, no hedge funds are holding shares in BLDP
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Ballard Power

                    Ballard Power Systems Inc. specializes in the complete lifecycle of proton exchange membrane (PEM) fuel cell technology, from initial concept and engineering to production, distribution, and maintenance. Their PEM fuel cell solutions power a diverse range of applications, including heavy-duty transport (buses, trucks, trains, marine vessels), material handling equipment, and critical backup power systems. Beyond products, Ballard extends its expertise through various technological services, such as engineering consulting, technology transfer programs, and the licensing or sale of its extensive intellectual property portfolio and foundational knowledge for PEM fuel cells. Furthermore, they offer integrated solutions for hydrogen fuel cell powertrains and vehicle systems. The company maintains a significant global footprint, with operations spanning numerous countries including China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, and Sweden, among others worldwide. A key strategic partnership exists with Linamar Corporation, focused on the collaborative development and market introduction of fuel cell powertrains and their components for light-duty (Class 1 and 2) vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. maintains its primary corporate office in Burnaby, Canada.

                    Ballard Power Systems (BLDP) Earnings & Revenues

                    BLDP Stock 12 Month Forecast

                    Average Price Target

                    $4.02
                    ▲(35.81% Upside)
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                    Ownership Overview

                    10.49%0.62%1.10%80.11%
                    10.49% Insiders
                    1.10% Other Institutional Investors
                    80.11% Public Companies and
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