BLDP Stock - Ballard Power Systems Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $69.73M | $102.37M | $83.80M | $104.50M | $103.88M |
| Gross Profit | $-21,982,000 | $-21,831,000 | $-13,081,000 | $14.01M | $20.98M |
| Gross Margin | -31.5% | -21.3% | -15.6% | 13.4% | 20.2% |
| Operating Income | $-183,300,000 | $-162,904,000 | $-158,899,000 | $-87,974,000 | $-39,761,000 |
| Net Income | $-324,245,000 | $-177,716,000 | $-173,494,000 | $-114,397,000 | $-51,377,000 |
| Net Margin | -465.0% | -173.6% | -207.0% | -109.5% | -49.5% |
| EPS | $-1.08 | $-0.61 | $-0.58 | $-0.39 | $-0.20 |
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power. It also provides technology solutions, including engineering and technology transfer, as well as licenses and sells intellectual property portfolio and fundamental knowledge for various PEM fuel cell applications; and hydrogen fuel cell powertrain and vehicle systems integration solutions. It operates in China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, Sweden, and internationally. The company has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 11th 2025 | Lake Street | Downgrade | Hold | - |
| April 17th 2025 | Citigroup | Downgrade | Sell | $1 |
| November 6th 2024 | HSBC Securities | Downgrade | Hold | - |
| August 12th 2024 | TD Securities | Downgrade | Sell | - |
| October 24th 2023 | HSBC Securities | Upgrade | Buy | $4.5 |
| September 25th 2023 | HSBC Securities | Initiation | Hold | $4.5 |
| July 5th 2023 | Citigroup | Initiation | Neutral | - |
| June 27th 2023 | B. Riley Securities | Downgrade | Neutral | $5← $6 |
| June 14th 2023 | BMO Capital Markets | Downgrade | Underperform | $4.25← $4.5 |
| March 10th 2023 | Scotiabank | Initiation | Sector Perform | $7.25 |
| January 6th 2023 | Wells Fargo | Downgrade | Underweight | - |
| December 8th 2022 | BMO Capital Markets | Initiation | Market Perform | $5.5 |
| November 8th 2022 | TD Securities | Downgrade | Hold | $6.5← $11 |
| November 8th 2022 | National Bank Financial | Downgrade | Sector Perform | - |
| October 19th 2022 | Jefferies | Initiation | Hold | $6 |
Earnings History & Surprises
BLDPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Mar 12, 2026 | $-0.07 | — | — | — |
Q4 2025 | Nov 13, 2025 | $-0.11 | $-0.09 | +18.2% | ✓ BEAT |
Q3 2025 | Aug 11, 2025 | $-0.10 | $-0.08 | +20.0% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $-0.12 | $-0.07 | +41.7% | ✓ BEAT |
Q1 2025 | Mar 13, 2025 | $-0.18 | $-0.14 | +22.2% | ✓ BEAT |
Q4 2024 | Nov 5, 2024 | $-0.13 | $-0.19 | -46.2% | ✗ MISS |
Q3 2024 | Aug 12, 2024 | $-0.13 | $-0.11 | +15.4% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $-0.13 | $-0.14 | -7.7% | ✗ MISS |
Q1 2024 | Mar 11, 2024 | $-0.12 | $-0.16 | -33.3% | ✗ MISS |
Q4 2023 | Nov 7, 2023 | $-0.13 | $-0.12 | +7.7% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $-0.13 | $-0.10 | +23.1% | ✓ BEAT |
Q2 2023 | May 10, 2023 | $-0.13 | $-0.11 | +15.4% | ✓ BEAT |
Q1 2023 | Mar 17, 2023 | $-0.15 | $-0.12 | +20.0% | ✓ BEAT |
Q4 2022 | Nov 7, 2022 | $-0.14 | $-0.14 | 0.0% | = MET |
Q3 2022 | Aug 10, 2022 | $-0.12 | $-0.15 | -25.0% | ✗ MISS |
Q2 2022 | May 9, 2022 | $-0.11 | $-0.14 | -27.3% | ✗ MISS |
Q1 2022 | Mar 11, 2022 | $-0.08 | $-0.15 | -87.5% | ✗ MISS |
Q4 2021 | Nov 8, 2021 | $-0.06 | $-0.10 | -66.7% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $-0.05 | $-0.07 | -40.0% | ✗ MISS |
Latest News
Shares of electrical equipment companies are trading lower amid overall market weakness.
📉 NegativeBallard Power Systems Q3 EPS $(0.09) Beats $(0.11) Estimate, Sales $32.500M Beat $23.782M Estimate
📈 PositiveBallard Power Systems Q3 EPS $(0.09) Beats $(0.11) Estimate, Sales $32.500M Beat $24.555M Estimate
📈 PositiveUBS Maintains Neutral on Ballard Power Systems, Raises Price Target to $3.5
➖ NeutralSusquehanna Maintains Neutral on Ballard Power Systems, Raises Price Target to $3.3
➖ NeutralBallard Power Systems shares are trading higher. The stock may be up amid broader clean energy strength today.
📈 PositiveBallard to launch FCmove-SC fuel cell at Busworld; stock rises
📈 PositiveFrequently Asked Questions about BLDP
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