Ballard Power Systems Inc. BLDP
Company Overview
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers products for various applications focusing on power products for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications. It also engages in the delivery of services, including technology solutions, after sales services, and training, as well as offers engineering and technology transfer services. The company operates in the United States, Poland, Canada, Germany, the United Kingdom, Egypt, Spain, China, the Netherlands, Denmark, France, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
Recent Developments
- Dec 2025 Revenue of $99.37M (+42.5% YoY); net profit $-90.91M.
- Trailing 12 Months Year-on-year growth — revenue +15.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 6.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 6.67% |
| 1 Year: | 15.40% |
Stock Price Performance
| 1 Year: | +26.74% |
| 6 Months: | +19.10% |
| 3 Months: | -54.07% |
| 1 Month: | -9.54% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- Death Cross10d ago
- RSI (14)42.37 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
No notable strengths flagged.
CONS
- Trading 62.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BLDP Ballard Power Systems Inc. | 2.37 | -9.12 | $714.57M | 0.00% | -12.84% | -12.92% | 6.67% | - |
| 2 | SPCX Space Exploration Technologies Corp. R3KAIDEFENCE | 153.47 | -139.52 | $1.16T | 0.00% | -3.22% | -11.95% | 34.08% | -3.34% |
| 3 | CAT Caterpillar Inc. SPXR3K | 822.48 | 35.47 | $378.07B | 0.79% | 17.98% | 56.97% | 2.29% | 5.24% |
| 4 | GE GE Aerospace SPXR3KDEFENCE | 334.91 | 39.40 | $347.49B | 0.60% | 9.52% | 48.23% | -7.42% | -5.36% |
| 5 | RTX RTX Corporation SPXR3KDEFENCE | 198.81 | 35.06 | $267.95B | 1.51% | 8.28% | 12.27% | 2.61% | 2.62% |
| 6 | GEV GE Vernova Inc. SPXR3KAI | 971.31 | 27.86 | $258.69B | 0.22% | 6.30% | 82.58% | 8.68% | - |
| 7 | DE Deere & Company SPXR3K | 680.73 | 37.88 | $183.54B | 0.95% | 12.53% | 18.24% | 3.43% | 5.10% |
| 8 | UNP Union Pacific Corporation SPXR3K | 288.45 | 23.38 | $171.36B | 2.01% | 15.22% | 39.70% | 2.30% | 7.77% |
| 9 | BA The Boeing Company SPXR3KDEFENCE | 210.73 | 75.80 | $166.43B | 0.00% | -9.01% | - | 1.67% | -3.28% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 15.39M | 17.84M | 32.50M | 33.64M | 19.42M |
| Cost of Revenue | - | 19.00M | 19.34M | 27.54M | 28.04M | 16.66M |
| Gross Profit | - | -3.61M | -1.50M | 4.96M | 5.60M | 2.76M |
| Operating Expenses | - | 25.23M | 25.36M | 17.24M | 17.41M | 15.83M |
| Operating Income | - | -28.83M | -26.86M | -12.28M | -11.81M | -13.07M |
| EBITDA | - | -19.55M | -22.79M | -26.58M | -15.91M | -9.96M |
| Interest Expense | - | 506.00K | 498.00K | 453.00K | 451.00K | 441.00K |
| Pretax Income | - | -21.04M | -24.26M | -28.07M | -17.50M | -11.39M |
| Tax Provision | 18.00K | 0 | 24.00K | 0 | 27.00K | - |
| Net Income | - | -21.04M | -24.28M | -28.07M | -17.53M | -11.39M |
| Diluted EPS | - | -0.07 | -0.08 | -0.09 | -0.06 | -0.04 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 81.86M | 102.37M | 69.73M | 99.37M |
| Cost of Revenue | - | 95.17M | 124.20M | 91.71M | 93.91M |
| Gross Profit | - | -13.31M | -21.83M | -21.98M | 5.46M |
| Operating Expenses | - | 128.71M | 137.39M | 131.51M | 85.24M |
| Operating Income | - | -142.02M | -159.22M | -153.49M | -79.78M |
| EBITDA | - | -145.29M | -129.42M | -309.29M | -84.83M |
| Interest Expense | - | 1.26M | 1.10M | 2.15M | 1.91M |
| Pretax Income | - | -160.33M | -144.05M | -323.41M | -90.86M |
| Tax Provision | - | 42.00K | 158.00K | 121.00K | 51.00K |
| Net Income | - | -173.49M | -177.72M | -324.25M | -90.91M |
| Diluted EPS | - | -0.58 | -0.59 | -1.08 | -0.30 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 1.25B | 1.08B | 777.31M | 682.39M |
| Current Assets | - | 1.03B | 864.74M | 698.88M | 601.43M |
| Cash & Equivalents | - | 913.73M | 751.13M | 603.95M | 527.05M |
| Inventory | - | 58.05M | 45.87M | 56.42M | 43.77M |
| Receivables | - | 25.81M | 37.49M | 24.18M | 20.77M |
| Total Liabilities | - | 88.17M | 86.33M | 104.32M | 92.46M |
| Current Liabilities | - | 73.17M | 70.59M | 75.59M | 60.99M |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 15.73M | 17.90M | 23.89M | 22.14M |
| Total Equity | - | 1.16B | 991.22M | 672.99M | 589.93M |
| Shares Outstanding | - | 298.39M | 298.94M | 299.44M | 300.78M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -132.17M | -104.57M | -108.10M | -56.17M |
| Investing Cash Flow | - | -75.56M | -54.28M | -36.51M | -20.94M |
| Financing Cash Flow | - | -2.41M | -3.68M | -1.53M | -2.58M |
| Capital Expenditure | - | -34.48M | -41.37M | -27.62M | -10.18M |
| Free Cash Flow | - | -166.65M | -145.94M | -135.72M | -66.35M |
| Net Change in Cash | - | -210.13M | -162.53M | -146.13M | -79.69M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | -16.3% | -21.3% | -31.5% | 5.5% |
| Operating Margin % | - | -173.5% | -155.5% | -220.1% | -80.3% |
| Net Margin % | - | -211.9% | -173.6% | -465.0% | -91.5% |
| ROE % | - | -15.0% | -17.9% | -48.2% | -15.4% |
| ROCE % | - | -12.1% | -15.8% | -21.9% | -12.8% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Morgan Stanley | 3.53% | 12.39M | $26.89M |
| 2 | Two Sigma Investments, LP | 3.08% | 10.83M | $23.50M |
| 3 | Shaw D.E. & Co., Inc. | 2.79% | 9.80M | $21.28M |
| 4 | Legal & General Group PLC | 2.06% | 7.22M | $15.67M |
| 5 | Acadian Asset Management. LLC | 1.28% | 4.50M | $9.76M |
| 6 | Renaissance Technologies, LLC | 1.24% | 4.34M | $9.43M |
| 7 | State Street Corporation | 1.22% | 4.29M | $9.31M |
| 8 | Mirae Asset Global ETFs Holdings Ltd. | 0.90% | 3.15M | $6.83M |
| 9 | UBS Group AG | 0.84% | 2.94M | $6.37M |
| 10 | Jane Street Group, LLC | 0.83% | 2.93M | $6.36M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BLDP
Ballard Power Systems (TSX:BLDP) Stock Looks Overvalued After Its GeoPura Deal - finance.yahoo.com
<a href="https://news.google.com/rss/articles/CBMimwFBVV95cUxPa2JYMkdNTkFHWEVNeExSS29BMnNVTkhLWld6eHVNTUZjMDZaYnd3aDlPSnpiTE94UDREcHl3aXZFMlVSajlYa0FuaTJzSXU5aXlIMWU4cENFVlFWeDF5YnNBV3NfUS1RbzcyVnVYdW1QU2NPejFKQ0Y1VEVZcjVXM0ZLMDFMWFN4NE1HNm…
Is Ballard Power Systems (BLDP) Stock Outpacing Its Utilities Peers This Year? - qz.com
<a href="https://news.google.com/rss/articles/CBMilAFBVV95cUxNNlJibC0xbDg4V00xSk01QnVkdFZBU0VpQjhWSkpEaUFBVUMyZzBvQ2JEeEpTdldabjZzTlJnVUp2SlctMVh3MkdMQ1IxQUVGWlI2c3FQa1FQSTQ5WllNdXhyQ0NhVDQ4ZC1KMk1TbEhkdXJTRFZYaGduN1E3NVRpaWRINlFHeVFYbFh6Zn…
Ballard adds off-grid hydrogen power and fuel supply in £275M upfront GeoPura deal - Stock Titan
<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxPaVpTakNPNzhZU0ptTHZNUUw5V2lHeDM4eWFFRVFnV1BLSHlrWVpsYTFLOGVTaGw3bWE3aERienlTOUVOY005SWIzNEZLcFdOX1d1R2tkZkRLaUd3R2toSm45cmgweGlGYzJ3Vzh2N0dEV1Rwa3J1bklaMjdpS0trVmFPdV82RWpjM0tjdk…
BLDP Stock Slides As GeoPura Deal Reshapes Hydrogen Strategy - StocksToTrade
<a href="https://news.google.com/rss/articles/CBMihAFBVV95cUxOQWNqX1htbEpRb0dMcTlSQXZsWlNoYUhEYy1ZUllYWTJaV0xic3FDaGR5NGRNLUNyRlRRVTdkLWlReTJkalh1dVJmanQyTWdQTXJkSENkRXd6cmU0cGRpR1VwdnJLeHdpVEh4cHB3cDhtUEszTW8weUpVMXAtSjdHWDhEcXQ?oc=5" targ…
Ballard Power Systems (TSX:BLDP) Stock Fair Value Rises After Mixed Analyst Target Changes - finance.yahoo.com
<a href="https://news.google.com/rss/articles/CBMimwFBVV95cUxPZkt0Z2ZDcXhGMEVCM0plWXBQNDBPWWFtVWlSV2t4TTJVVGtzYk5DcXpQOGlRR0lwSnlmbmtjRnRabGhNNklkcGJBMjVic0hPWC1BMW9uQ01tX2VqUm9aTC1uMG5kVjQwQkU3anNUZVdzeFdWX19pWmVZdF9CT2F2VEk5UF82MFBoUzJNZD…
Ballard schedules July 31 call on Q2 2026 results - Stock Titan
<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxNWTAwc3RYaEtEaGh1eFBEanV4TC1nZDE1b0txUTFqU0l0b3A3bFpDT0w0TW43V2tVRzFORTBrVjZnYjYwdnJ1dS1DcVJUb3NoVVcxWnh5b3FmVEpiX00yVk1NZDFnSVM3SVpVai1USjY1ekRtU25UaWhTd0Y0cjNpbWJ3RlpqR2FqZTBtdk…
BLDP — Frequently Asked Questions
What is the current share price of Ballard Power Systems Inc. (BLDP)?
As of 2026-09-19 21:16 PDT, Ballard Power Systems Inc. (BLDP) trades at $2.37 on NasdaqGM. Its 52-week range is $1.83 to $6.38.
What is the market capitalisation of BLDP?
Ballard Power Systems Inc. (BLDP) has a market capitalisation of $714.57M on NasdaqGM.
What is the P/E ratio of BLDP?
BLDP trades at a trailing price-to-earnings (P/E) ratio of -9.12. The industry average P/E is 26.00. Its price-to-book (P/B) ratio is 1.27.
What is the return on equity (ROE) of BLDP?
BLDP has a return on equity (ROE) of -12.92%. Its return on capital employed (ROCE) is -12.84%.
Is BLDP a good stock to buy?
This page provides a data-driven analysis of Ballard Power Systems Inc. (BLDP), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.