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BLDP

Ballard Power Systems Inc.

BLDP

NASDAQ·Industrials·Industrial - Machinery·Mkt cap $1.1B

$3.52

▼ -7.61%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$1.65 - $6.57

P/E

-12.96

Fwd P/E

-27.77

Beta

1.90

Div Yield

0.00%

Avg Vol

8.4M

Shares Out

300.9M

Mkt Cap

$1.1B

Price action

Price chart

Up 128.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • 45+ years of PEM fuel cell technology expertise and R&D
  • Extensive intellectual property portfolio and patent protection
  • Strategic partnerships with major OEMs including Linamar Corporation
  • Global presence with established manufacturing and service capabilities across 17+ countries
▼

Bear Case

1 risk

  • Above-average volatility (beta 1.9).

Growth

Strong growth ahead

Increasing global hydrogen infrastructure investment and government incentives

Value

Deep value opportunity - significant discount to Industrial Machinery peers

Momentum

Hot

+53.6% over 3m

Quality

Thin

Solid business

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 10, 2026

“
Q2 26 RECAP

MAY 5, 2026

Reported EPS of -$0.04 vs -$0.06 consensus (+33.3% surprise). Revenue of $19.0M vs $19.9M expected (-4.5%).

EPS beat +33.3%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+33.3%

Next: Aug 10, 2026

Revenue trend · last 8Q

—

—

—

+6%

+11%

+120%

+39%

+26%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$16.0M

$14.8M

$24.5M

$15.4M

$17.8M

$32.5M

$34.2M

$19.4M

Margins · last 8Q

Gross

—

Operating

—

Profit

-58.7%

View full earnings history →

Wall Street consensus

4 analysts · 25% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

25%

Hold

2

50%

Sell

1

25%

Median Price Target

$4.63

▲ +31.5% vs $3.52

Low $4.25
Median $4.63
High $5.00

Latest: Susquehanna · $4.25 · May 20, 2026

2 analysts covering

View full analyst page →

vs Industry

How BLDP stacks vs Industrial - Machinery

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.