Ballard Power (BLDP)
NASDAQ:BLDP
BLDP Stock Chart & Stats
$2.96
-$0.22(-11.06%)
At close: 4:00 PM EST
$2.96
-$0.22(-11.06%)
Day’s Range― - ―
52-Week Range$1.39 - $6.57
Previous Close$1.74
Volume11.24M
Average Volume (3M)11.62M
Market Cap
$1.33B
Enterprise Value$758.30M
Total Cash (Recent Filing)$521.23M
Total Debt (Recent Filing)$20.94M
Price to Earnings (P/E)―
Beta1.55
Next Earnings
Aug 12, 2026EPS Estimate
-0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.27
Shares Outstanding301,475,860
10 Day Avg. Volume8,314,034
30 Day Avg. Volume11,620,409
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.31
Price to Sales (P/S)7.64
P/FCF Ratio-11.50
Enterprise Value/Market Cap0.57
Enterprise Value/Revenue7.30
Enterprise Value/Gross Profit69.98
Enterprise Value/Ebitda-10.43
Forecast
1Y Price Target
$3.98Price Target Upside34.46% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)-0.15
Revenue Forecast (FY)$118.50M
Bulls Say, Bears Say
Bulls Say
Low Leverage & Strong Cash RunwayVery low leverage paired with a large cash balance materially reduces near-term solvency risk and provides a runway to execute commercialization and manufacturing investments. With ~$516.8M cash and minimal debt, Ballard can fund Project Forge ramp, customer deployments and fleet service expansion without urgent financing over the next several quarters.
Improving Unit Economics & Revenue GrowthConsecutive positive gross-margin quarters and double-digit revenue growth indicate improving product economics and better absorption of fixed costs. Sustained gross margin improvement (14% in Q1) plus 26% YoY top-line growth supports a durable trend toward scale-driven margin gains as volumes rise and manufacturing overheads are spread.
OEM Partnerships & Recurring ServicesSignificant OEM wins and platform selections deepen Ballard's commercial footprint in buses and rail, creating predictable module and services revenue. Coupled with a fleet-services pivot backed by >300M km of real-world data and uptime targets, this strengthens recurring aftermarket revenue potential and the total-cost-of-ownership value proposition for operators.
Bears Say
Persistent Negative Cash FlowDespite YoY improvement, the business continues to generate negative operating and free cash flow on a trailing‑12‑month basis. Ongoing cash consumption increases reliance on existing cash reserves to fund operations and capex, meaning sustained operational improvement is required to avoid drawing down strategic liquidity over the medium term.
Deep Ongoing LossesOperating and net margins remain severely negative, reflecting that the business is not yet profitable despite margin improvements. Large, persistent losses mean breakeven depends on maintaining revenue growth, continuing cost discipline and delivering manufacturing cost reductions, making profit recovery contingent on multiple execution steps.
Execution Risk On Project Forge RampProject Forge is central to anticipated unit-cost declines; any delay or underperformance would slow margin expansion and extend cash burn. Combined with lumpy bus deliveries and still-challenging hydrogen economics, the firm's path to durable profitability is materially exposed to successful high-volume manufacturing and broader hydrogen market development.
Ballard Power Systems News
BLDP FAQ
What was Ballard Power’s price range in the past 12 months?
Ballard Power lowest stock price was $1.39 and its highest was $6.57 in the past 12 months.
What is Ballard Power’s market cap?
Ballard Power’s market cap is $1.33B.
When is Ballard Power’s upcoming earnings report date?
Ballard Power’s upcoming earnings report date is Aug 12, 2026 which is in 51 days.
How were Ballard Power’s earnings last quarter?
Ballard Power released its earnings results on May 05, 2026. The company reported -$0.039 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.
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 -0.05.
How many shares outstanding does Ballard Power have?
Ballard Power has 301,475,860 shares outstanding.
What happened to Ballard Power’s price movement after its last earnings report?
Ballard Power reported an EPS of -$0.039 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
Ballard Power Systems Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$3.98 (34.46% Upside)
$3.98 (34.46% Upside)
Blogger Sentiment
Neutral
BLDP Sentiment 50%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth $62.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▲ 1.1%
Last 30 Days ▼ 6.0%
Last 30 Days ▼ 6.0%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
173.12%
12-Months-Change
Fundamentals
Return on Equity
-13.49%
Trailing 12-Months
Asset Growth
-12.36%
Trailing 12-Months
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.
BLDP Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed meaningful operational and financial progress: double-digit revenue growth (26%), materially improved margins (14%, up 37% YoY), substantial reductions in operating expenses (36%), strong cash reserves ($516.8M) and major multiyear commercial wins in the bus market. Those positives are tempered by remaining profitability and cash‑flow gaps (adjusted EBITDA still negative $11.4M; operating cash use of $7.8M), a lumpier bus revenue profile due to timing and EU funding friction, and execution risk tied to ramping Project Forge and hydrogen supply economics. On balance, the transcript emphasizes clear momentum in the company’s transformation with manageable near-term risks.View all BLDP earnings summariesBLDP Stock 12 Month Forecast
Average Price Target
$3.98
▲(34.46% Upside)
Technical Analysis
Ownership Overview
10.54% Insiders
0.58% Mutual Funds
1.10% Other Institutional Investors
79.01% Public Companies and
Individual Investors