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Ballard Power Systems Inc. (BLDP.TO)
Burnaby, BC, CA
Ballard Power Systems Inc. specializes in the complete lifecycle of proton exchange membrane (PEM) fuel cell technology, from initial concept and engineering to production, distribution, and maintenance. Their PEM fuel cell solutions power a diverse range of applications, including heavy-duty transport (buses, trucks, trains, marine vessels), material handling equipment, and critical backup power systems. Beyond products, Ballard extends its expertise through various technological services, such as engineering consulting, technology transfer programs, and the licensing or sale of its extensive intellectual property portfolio and foundational knowledge for PEM fuel cells. Furthermore, they offer integrated solutions for hydrogen fuel cell powertrains and vehicle systems. The company maintains a significant global footprint, 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, among others worldwide. A key strategic partnership exists with Linamar Corporation, focused on the collaborative development and market introduction of fuel cell powertrains and their components for light-duty (Class 1 and 2) vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. maintains its primary corporate office in Burnaby, Canada.
Based on only 1 article — low confidence
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.18% | -11.51% | +52.14% | +94.86% | +27.01% | +62.57% | +194.82% | -6.41% | -66.19% | +227.01% | -33.06% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | +1 |
| Hold | 9 | -1 |
| Sell | 2 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Industrial - Machinery: +7.4%+45.0% ★ Q1'26: +26.2% (vs Q1'25)
-
EPS growth Industrial - Machinery: +15.6%+71.3% ★ Q1'26: +47.0% (vs Q1'25)
-
FCF margin FCF growth · Industrial - Machinery: +38.2%-64.4% Q1'26: -43.3% (vs Q1'25)
-
EBIT margin Industrial - Machinery: +10.0%-80.6% Q1'26: -66.2% (vs Q1'25)
-
ROIC Industrial - Machinery: +6.8%-101.1% Q1'26: -65.9% (vs Q1'25)
-
Share dilution Industrial - Machinery: +0.0%+1.2% Q1'26: +0.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×-0.29× Q1'26: -0.44× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 11 Rev. Ana. 5 EPS Ana. |
Dec 2027 12 Rev. Ana. 8 EPS Ana. |
Dec 2028 6 Rev. Ana. 6 EPS Ana. |
Dec 2029 5 Rev. Ana. 4 EPS Ana. |
Dec 2030 3 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
56.46M
est: 55.60M (+1.6%)
|
85.27M
est: 79.93M (+6.7%)
|
121.29M
est: 113.85M (+6.5%)
|
96.59M
est: 94.77M (+1.9%)
|
106.33M
est: 94.28M (+12.8%)
|
103.88M
est: 106.05M (-2.0%)
|
104.51M
est: 95.82M (+9.1%)
|
83.80M
est: 90.72M (-7.6%)
|
102.37M
est: 76.26M (+34.2%)
|
69.73M
est: 72.36M (-3.6%)
|
101.14M
est: 98.46M (+2.7%)
|
115.26M
95.46M – 148.61M
+17.1% YoY
|
133.85M
91.67M – 200.22M
+16.1% YoY
|
144.43M
108.12M – 202.78M
+7.9% YoY
|
163.29M
122.23M – 229.26M
+13.1% YoY
|
258.26M
193.33M – 362.60M
+58.2% YoY
|
| EBITDA |
-1.19M
est: -48.66M (+97.5%)
|
-16.08M
est: -69.95M (+77.0%)
|
638.0K
est: -99.63M (+100.6%)
|
-16.68M
est: -82.94M (+79.9%)
|
-26.32M
est: -82.51M (+68.1%)
|
-40.20M
est: -92.81M (+56.7%)
|
-103.32M
est: -83.86M (-23.2%)
|
-145.10M
est: -79.39M (-82.8%)
|
-129.42M
est: -72.51M (-78.5%)
|
-309.29M
est: -68.79M (-349.6%)
|
-77.38M
est: -93.62M (+17.3%)
|
-109.59M
-141.29M – -90.76M
-17.1% YoY
|
-127.26M
-190.36M – -87.15M
-16.1% YoY
|
-137.32M
-192.80M – -102.79M
-7.9% YoY
|
-155.25M
-217.97M – -116.21M
-13.1% YoY
|
-245.54M
-344.74M – -183.81M
-58.2% YoY
|
| EBIT |
-5.57M
est: -49.59M (+88.8%)
|
-20.62M
est: -71.30M (+71.1%)
|
-5.75M
est: -101.55M (+94.3%)
|
-26.45M
est: -84.53M (+68.7%)
|
-33.84M
est: -84.09M (+59.8%)
|
-47.76M
est: -94.59M (+49.5%)
|
-113.07M
est: -85.47M (-32.3%)
|
-158.88M
est: -80.91M (-96.3%)
|
-142.95M
est: -73.30M (-95.0%)
|
-321.26M
est: -69.55M (-361.9%)
|
-81.51M
est: -94.64M (+13.9%)
|
-110.79M
-142.84M – -91.75M
-17.1% YoY
|
-128.66M
-192.45M – -88.11M
-16.1% YoY
|
-138.83M
-194.91M – -103.92M
-7.9% YoY
|
-156.95M
-220.36M – -117.49M
-13.1% YoY
|
-248.24M
-348.53M – -185.83M
-58.2% YoY
|
| Net Income |
-5.82M
est: -19.17M (+69.7%)
|
-21.69M
est: -42.45M (+48.9%)
|
-8.05M
est: -10.31M (+21.9%)
|
-27.32M
est: -34.87M (+21.6%)
|
-39.05M
est: -47.91M (+18.5%)
|
-49.47M
est: -56.02M (+11.7%)
|
-114.40M
est: -92.84M (-23.2%)
|
-173.49M
est: -213.73M (+18.8%)
|
-177.72M
est: -114.20M (-55.6%)
|
-324.25M
est: -216.70M (-49.6%)
|
-92.49M
est: -109.94M (+15.9%)
|
-39.04M
-55.50M – -38.85M
+64.5% YoY
|
-38.58M
-58.01M – -16.58M
+1.2% YoY
|
-31.19M
-47.28M – -22.25M
+19.2% YoY
|
-50.30M
-76.72M – -33.86M
-61.3% YoY
|
-29.98M
-45.73M – -20.18M
+40.4% YoY
|
| SGA |
18.42M
est: 22.42M (-17.8%)
|
20.49M
est: 32.23M (-36.4%)
|
20.90M
est: 45.90M (-54.5%)
|
23.17M
est: 38.21M (-39.4%)
|
21.46M
est: 38.01M (-43.6%)
|
25.12M
est: 42.75M (-41.2%)
|
37.88M
est: 38.63M (-1.9%)
|
41.79M
est: 36.57M (+14.3%)
|
39.09M
est: 31.05M (+25.9%)
|
37.02M
est: 29.46M (+25.6%)
|
26.50M
est: 40.09M (-33.9%)
|
46.93M
38.87M – 60.51M
+17.1% YoY
|
54.50M
37.33M – 81.53M
+16.1% YoY
|
58.81M
44.02M – 82.57M
+7.9% YoY
|
66.49M
49.77M – 93.35M
+13.1% YoY
|
105.16M
78.72M – 147.65M
+58.2% YoY
|
| EPS |
-0.04
est: -0.06 (+35.3%)
|
-0.13
est: -0.14 (+8.3%)
|
-0.05
est: -0.03 (-32.7%)
|
-0.15
est: -0.12 (-28.8%)
|
-0.17
est: -0.16 (-6.2%)
|
-0.20
est: -0.19 (-6.9%)
|
-0.39
est: -0.31 (-25.8%)
|
-0.58
est: -0.62 (+5.7%)
|
-0.39
est: -0.38 (-2.1%)
|
-1.08
est: -1.02 (-6.1%)
|
-0.31
est: -0.33 (+6.1%)
|
-0.16
-0.18 – -0.13
+53.0% YoY
|
-0.13
-0.19 – -0.05
+15.3% YoY
|
-0.12
-0.16 – -0.07
+8.7% YoY
|
-0.17
-0.25 – -0.11
-38.5% YoY
|
-0.10
-0.15 – -0.07
+40.4% YoY
|
| Date | Firm | Previous | New Grade | Action |
|---|---|---|---|---|
| 2026-05-05 | Lake Street | Hold | Buy | Upgrade |
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-05-11 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-05-08 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-05-07 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-05-06 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-05-05 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-05-04 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-05-01 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-30 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-29 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-28 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-27 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-24 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-23 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-22 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-21 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-20 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-17 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-16 | C | 2/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Global X - Hydrogen UCITS ETF HYGN.L | 8.97% | 4.26M | 0.50% |
| 2 | VanEck Hydrogen Economy UCITS ETF HDRO.L | 4.25% | 5.35M | 0.55% |
| 3 | Global X Hydrogen ETF HGEN.AX | 2.50% | 789.7K | 0.69% |
| 4 | Invesco Global Clean Energy UCITS ETF GCED.L | 0.79% | 1.09M | 0.60% |
| 5 | Invesco Global Clean Energy UCITS ETF GCLE.L | 0.79% | 1.09M | 0.60% |
| 6 | Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCITS ETF 1C XDG7.MI | 0.43% | 132.9K | 0.35% |
| 7 | iShares S&P/TSX SmallCap Index ETF XCS.TO | 0.36% | 624.5K | 0.60% |
| 8 | Amundi Global Hydrogen UCITS ETF Acc ANRJ.L | 0.23% | 605.6K | 0.45% |
| 9 | iShares Energy Storage & Materials ETF IBAT | 0.16% | 121.9K | 0.47% |
| 10 | iShares ESG Aware MSCI Canada Index ETF XESG.TO | 0.12% | 545.1K | 0.17% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Marty T. Neese | Chief Executive Officer, President & Independent Director | 901.2K | male |
| Ralph Robinett | Senior Vice President & Chief Operating Officer | 811.5K | male |
| Lee Sweetland | Senior Vice President & Chief Operating Officer | 811.5K | male |
| Kevin Colbow | Senior Vice President & Chief Technology Officer | 738.0K | — |
| Kate Igbalode | Senior Vice President & Chief Financial Officer | 662.3K | female |
| Jesper Themsen | President & Chief Executive Officer of Europe | 565.5K | male |
| Sarbjot Sidhu | Senior Vice President & Chief Experience Officer | 399.6K | female |
| Sumit Kundu | Director of Information Systems & Investor Relations | — | male |
| Kate Charlton | Vice President Corporate Finance & Investor Relations | — | female |
| Kerry Brent Hillier | General Counsel & Corporate Secretary | — | male |
| Nicolas Pocard | Vice President of Marketing & Strategic Partnerships | — | male |
| Oben Uluc | Vice President of Sales & Marketing | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for BLDP.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
