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Ballard Power (TSE:BLDP)
NASDAQ:BLDP
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Ballard Power Systems (BLDP) Price & Analysis

458 Followers

BLDP Stock Chart & Stats

C$4.04
-C$0.30(-10.53%)
At close: 4:00 PM EST
C$4.04
-C$0.30(-10.53%)

Bulls Say, Bears Say

Bulls Say
Balance Sheet StrengthVery low leverage and a large cash balance provide durable financial flexibility to fund manufacturing scale‑up, R&D and customer programs without urgent refinancing. This reduces solvency risk and supports multi‑quarter investment timelines for Project Forge and commercial rollouts.
Improving Unit EconomicsA sustained gross‑margin recovery plus material opex reductions show structural improvement in unit economics. Continued margin expansion and disciplined cost base lower the cash breakeven threshold and make a path to profitability more credible over several quarters.
Commercial Wins & Recurring ServicesMultiyear OEM supply deals and a data-driven fleet services offering create predictable aftermarket and service revenue, strengthening long‑term customer lock‑in and recurring cash flows. This supports total cost‑of‑ownership value for operators and raises switching costs for competitors.
Bears Say
Negative Cash GenerationDespite improvement, persistently negative operating and free cash flow indicate ongoing funding needs if losses continue. Over the medium term this constrains reinvestment, increases reliance on cash reserves or external financing, and heightens vulnerability to slower-than-expected commercialization.
Large Operating LossesVery wide operating and net losses show the business remains far from sustainable profitability. Even with improving gross margins, such deep negative margins require sustained revenue scale and continued cost discipline to convert unit improvements into positive operating leverage.
Execution & Adoption RisksPlanned cost reductions depend on a successful H2 2026 Project Forge ramp; delays or quality issues would postpone unit‑cost gains. Separately, hydrogen supply/pricing and lumpy OEM deliveries create structural timing risk for revenue and margin realization over the next several quarters.

Ballard Power Systems News

BLDP FAQ

What was Ballard Power’s price range in the past 12 months?
Ballard Power lowest stock price was C$1.90 and its highest was C$9.08 in the past 12 months.
    What is Ballard Power’s market cap?
    Ballard Power’s market cap is C$1.77B.
      When is Ballard Power’s upcoming earnings report date?
      Ballard Power’s upcoming earnings report date is Aug 12, 2026 which is in 61 days.
        How were Ballard Power’s earnings last quarter?
        Ballard Power released its earnings results on May 05, 2026. The company reported -C$0.054 earnings per share for the quarter, beating the consensus estimate of -C$0.077 by C$0.023.
          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 -0.06.
              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 -C$0.054 in its last earnings report, beating expectations of -C$0.077. Following the earnings report the stock price went up 31.403%.
                  Which hedge fund is a major shareholder of Ballard Power?
                  Currently, no hedge funds are holding shares in TSE: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 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 TSE:BLDP earnings summaries

                    BLDP Stock 12 Month Forecast

                    Average Price Target

                    C$5.20
                    ▲(28.76% Upside)
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0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 11, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 4</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":4.99,"date":1761955200000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Strong Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":3.76,"date":1764547200000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Strong Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n      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