
Ballard Power Systems Inc.
BLDPNASDAQIndustrialsElectrical Equipment & Parts
Previous close
$2.40
+$0.03 · +1.27%
BLDP company overview
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GoAI snapshot
AI-powered factor overview
GoAI score
Hold
Wait — insufficient conviction to act
Valuation
70
Undervalued
Momentum
32
Weakening
Sentiment
61
Bullish
Risk resilience
26
High Risk
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Company profile
Company websiteBallard Power Systems Inc. specializes in the full lifecycle of proton exchange membrane (PEM) fuel cell technology, encompassing research, production, sales, and ongoing support. Their fuel cell offerings cater to various power applications, including heavy-duty transportation sectors like buses, trucks, trains, and marine vessels, as well as solutions for material handling equipment and critical backup power systems. Beyond products, Ballard extends its expertise through technology solutions, providing engineering services, technology transfer, and licensing its extensive intellectual property and core knowledge for diverse PEM fuel cell uses. They also deliver integrated hydrogen fuel cell powertrain and vehicle systems. The company maintains a broad international presence, 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. A significant strategic partnership exists with Linamar Corporation, focused on jointly developing and marketing fuel cell powertrains and components designed for Class 1 and 2 vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. is headquartered in Burnaby, Canada.
- Industry
- Electrical Equipment & Parts
- Sector
- Industrials
- Headquarters
- CA
- CEO
- Marty T. Neese
- Listed since
- Nov 8, 1995
- Employees
- 492
Market position
Day range
Current $2.40
52-week range
Current $2.40
- Open
- $2.415
- Previous close
- $2.37
- Volume
- 2.17M
- 0.28× average
- Average volume
- 7.75M
- Average daily volume
- Market cap
- 723.54M USD
- Beta
- 1.92
- Market reference 1
- 50-day average
- $3.1422
- -23.62% below average
- 200-day average
- $3.0895
- -22.32% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 265.6M USD
- P/E (TTM)
- -9.37×
- P/B (TTM)
- 1.29×
- P/S (TTM)
- 6.85×
- EV / EBITDA
- -3.43×
- Earnings yield
- -12.02%
- Free cash flow yield
- -8.73%
- Dividend yield
- 0.00%
Profitability & efficiency
- Gross margin
- 16.38%
- Operating margin
- -63.68%
- Net margin
- -72.66%
- Return on equity
- -15.71%
- Return on assets
- -13.58%
- Return on invested capital
- -13.07%
Financial health
- Debt / equity
- 0.04×
- Current ratio
- 9.86×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 101.14M USD | 69.73M USD | 102.37M USD | 81.86M USD | 104.51M USD |
| Cost of goods sold | 98.71M USD | 91.71M USD | 124.2M USD | 95.17M USD | 90.49M USD |
| Gross profit | 2.4M USD | −21.98M USD | −21.83M USD | −13.31M USD | 14.01M USD |
| Research and development | 57.47M USD | 94.49M USD | 98.31M USD | 89.72M USD | 62.16M USD |
| Selling, general, and administrative | 26.5M USD | 37.02M USD | 38.98M USD | 38.89M USD | 37.88M USD |
| Operating expenses | 83.91M USD | 161.32M USD | 141.07M USD | 128.71M USD | 101.99M USD |
| Interest income | 24.96M USD | — | — | 18.83M USD | 3.71M USD |
| Interest expense | 1.94M USD | 2.15M USD | 1.21M USD | 1.21M USD | 1.28M USD |
| Depreciation and amortization | 4.13M USD | 11.97M USD | 13.53M USD | 13.77M USD | 9.67M USD |
| Operating income | −81.51M USD | −183.3M USD | −162.9M USD | −142.02M USD | −87.97M USD |
| Net income | −92.49M USD | −324.25M USD | −177.72M USD | −173.49M USD | −114.4M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 64%
- 7 beats, 4 misses, 0 met estimates
- Average EPS surprise
- -34.00%
- 11 comparable reports
- Latest EPS result
- -0.07
- Estimate -0.04 · Miss by 75.00%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Analyst price target
Average target
$3.29
37.08% upsideRating distribution
26 ratingsCorporate actions
Corporate action history
| Action | Effective date | Details | Record date | Payment date |
|---|---|---|---|---|
Stock split | Jun 3, 1998 | 3:1 | — | — |
Effective Jun 3, 1998
3:1
BLDP peers
ETFs holding BLDP
Funds reporting this stock among their holdings, ordered by reported position size.
State Street SPDR S&P Kensho New Economies Composite ETFKOMP6.65M0.25%2.71B USD0.20%$69.24+0.92%
Invesco WilderHill Clean Energy ETFPBW3.99M1.00%405.18M USD0.64%$33.29+1.84%
Global X - Hydrogen ETFHYDR3.78M3.68%102.86M USD0.50%$42.76-1.11%
State Street SPDR S&P Kensho Clean Power ETFCNRG3.48M1.79%194.92M USD0.45%$89.96+0.00%
First Trust NASDAQ Clean Edge Green Energy Index FundQCLN1.49M0.26%585.5M USD0.59%$50.46+1.20%
Invesco Global Clean Energy ETFPBD1.19M0.63%190.34M USD0.75%$18.04-0.17%
ALPS Clean Energy ETFACES1.02M0.88%115.9M USD0.55%$31.34+1.19%
Global X - CleanTech ETFCTEC163.4K0.65%25.21M USD0.50%$57.1309+0.58%
State Street SPDR S&P Kensho New Economies Composite ETFKOMP- Market value
- 6.65M
- Weight
- 0.25%
- AUM
- 2.71B USD
- Expense ratio
- 0.20%
- Price / 1D
- $69.24+0.92%
Invesco WilderHill Clean Energy ETFPBW- Market value
- 3.99M
- Weight
- 1.00%
- AUM
- 405.18M USD
- Expense ratio
- 0.64%
- Price / 1D
- $33.29+1.84%
Global X - Hydrogen ETFHYDR- Market value
- 3.78M
- Weight
- 3.68%
- AUM
- 102.86M USD
- Expense ratio
- 0.50%
- Price / 1D
- $42.76-1.11%
State Street SPDR S&P Kensho Clean Power ETFCNRG- Market value
- 3.48M
- Weight
- 1.79%
- AUM
- 194.92M USD
- Expense ratio
- 0.45%
- Price / 1D
- $89.96+0.00%
First Trust NASDAQ Clean Edge Green Energy Index FundQCLN- Market value
- 1.49M
- Weight
- 0.26%
- AUM
- 585.5M USD
- Expense ratio
- 0.59%
- Price / 1D
- $50.46+1.20%
Invesco Global Clean Energy ETFPBD- Market value
- 1.19M
- Weight
- 0.63%
- AUM
- 190.34M USD
- Expense ratio
- 0.75%
- Price / 1D
- $18.04-0.17%
ALPS Clean Energy ETFACES- Market value
- 1.02M
- Weight
- 0.88%
- AUM
- 115.9M USD
- Expense ratio
- 0.55%
- Price / 1D
- $31.34+1.19%
Global X - CleanTech ETFCTEC- Market value
- 163.4K
- Weight
- 0.65%
- AUM
- 25.21M USD
- Expense ratio
- 0.50%
- Price / 1D
- $57.1309+0.58%
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