Ballard Power Systems/$BLDP
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Ballard Power Systems
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
- Ticker
- $BLDP
- Sector
- Industrials
- Primary listing
- NASDAQ
- Employees
- 492
- Headquarters
- Burnaby, Canada
- Website
- www.ballard.com
BLDP Metrics
BasicAdvanced
$537M
-
-$0.26
1.88
-
Price and volume
Market cap
$537M
Beta
1.88
52-week high
$6.57
52-week low
$1.40
Average daily volume
2.7M
Financial strength
Current ratio
11.189
Quick ratio
10.322
Long term debt to equity
0.029
Total debt to equity
0.035
Interest coverage (TTM)
-28.42%
Profitability
EBITDA (TTM)
-49.859
Gross margin (TTM)
16.40%
Net profit margin (TTM)
-72.78%
Operating margin (TTM)
-47.27%
Effective tax rate (TTM)
-0.06%
Revenue per employee (TTM)
$220,000
Management effectiveness
Return on assets (TTM)
-4.55%
Return on equity (TTM)
-12.92%
Valuation
Price to revenue (TTM)
4.351
Price to book
1.16
Price to tangible book (TTM)
1.16
Price to free cash flow (TTM)
-12.405
Free cash flow yield (TTM)
-8.06%
Free cash flow per share (TTM)
-0.124
Growth
Revenue change (TTM)
46.41%
Earnings per share change (TTM)
-74.09%
3-year revenue growth (CAGR)
15.76%
10-year revenue growth (CAGR)
4.26%
3-year earnings per share growth (CAGR)
-18.46%
10-year earnings per share growth (CAGR)
6.29%
What the Analysts think about BLDP
Analyst ratings (Buy, Hold, Sell) for Ballard Power Systems stock.
Analyst projections of the future price of Ballard Power Systems stock.
Bulls say / Bears say
Q2 showed a material operating improvement: revenue rose 15% year on year and gross margin swung to 20% from negative 8%, while the adjusted EBITDA loss narrowed to $9.8 million from $30.6 million. Cost reductions helped drive the gains, though sustaining them remains important. (Ballard)
GeoPura could broaden Ballard from equipment sales into recurring energy-as-a-service revenue. Management targets 30% annual revenue growth over the next two years and adjusted EBITDA profitability by the end of 2027, although these targets are not yet proven. (Ballard)
Ballard remains loss-making despite the improvement: Q2 net loss was $20.3 million, adjusted EBITDA was negative $9.8 million, and operating activities used $11.4 million of cash. (Ballard)
Data summarised monthly by Lightyear AI. Last updated on 27 Oct 2026.
BLDP Financial Performance
Revenues and expenses
BLDP Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing BLDP
Fund name | Fund size | $BLDP weighting |
|---|---|---|
VanEck Hydrogen Economy$HDRO | $115M | 4.43% |
VanEck Hydrogen Economy£HDGB | $115M | 4.43% |
L&G Hydrogen Economy$HTWO | $464M | 1.87% |
Xtrackers MSCI World Small Cap$XSWC | $183M | 0.00% |
SPDR MSCI All Country World IM€SPYI | $7.7B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.