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Industrials - Industrial - Machinery - NASDAQ - CA
$ 1.53
2.9 %
$ 459 M
Market Cap
-1.41
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one BLDP stock under the worst case scenario is HIDDEN Compared to the current market price of 1.53 USD, Ballard Power Systems Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one BLDP stock under the base case scenario is HIDDEN Compared to the current market price of 1.53 USD, Ballard Power Systems Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one BLDP stock under the best case scenario is HIDDEN Compared to the current market price of 1.53 USD, Ballard Power Systems Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BLDP

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$2.0$2.0$1.9$1.9$1.8$1.8$1.7$1.7$1.6$1.6$1.5$1.5$1.4$1.4$1.3$1.3$1.2$1.2$1.1$1.1$1.0$1.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
69.7 M REVENUE
-31.88%
-183 M OPERATING INCOME
-12.52%
-324 M NET INCOME
-82.45%
-108 M OPERATING CASH FLOW
-3.37%
-36.5 M INVESTING CASH FLOW
32.75%
-1.53 M FINANCING CASH FLOW
58.40%
15.4 M REVENUE
-37.24%
-29.1 M OPERATING INCOME
20.14%
-21 M NET INCOME
54.73%
-24.4 M OPERATING CASH FLOW
0.01%
-2.74 M INVESTING CASH FLOW
55.19%
-689 K FINANCING CASH FLOW
-83.41%
Balance Sheet Ballard Power Systems Inc.
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Current Assets 699 M
Cash & Short-Term Investments 606 M
Receivables 32 M
Other Current Assets 60.8 M
Non-Current Assets 78.4 M
Long-Term Investments 45.8 M
PP&E 30.4 M
Other Non-Current Assets 2.25 M
77.97 %4.11 %7.83 %5.89 %3.91 %Total Assets$777.3m
Current Liabilities 75.6 M
Accounts Payable 12.3 M
Short-Term Debt 2.9 M
Other Current Liabilities 60.4 M
Non-Current Liabilities 28.7 M
Long-Term Debt 21 M
Other Non-Current Liabilities 7.74 M
11.79 %2.78 %57.89 %20.13 %7.42 %Total Liabilities$104.3m
EFFICIENCY
Earnings Waterfall Ballard Power Systems Inc.
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Revenue 69.7 M
Cost Of Revenue 91.7 M
Gross Profit -22 M
Operating Expenses 161 M
Operating Income -183 M
Other Expenses 141 M
Net Income -324 M
100m100m50m50m00(50m)(50m)(100m)(100m)(150m)(150m)(200m)(200m)(250m)(250m)(300m)(300m)(350m)(350m)70m(92m)(22m)(161m)(183m)(141m)(324m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
-31.52% GROSS MARGIN
-31.52%
-262.87% OPERATING MARGIN
-262.87%
-464.99% NET MARGIN
-464.99%
-48.18% ROE
-48.18%
-41.71% ROA
-41.71%
-26.02% ROIC
-26.02%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Ballard Power Systems Inc.
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00(20m)(20m)(40m)(40m)(60m)(60m)(80m)(80m)(100m)(100m)(120m)(120m)(140m)(140m)(160m)(160m)(180m)(180m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -324 M
Depreciation & Amortization 12 M
Capital Expenditures -27.6 M
Stock-Based Compensation 7.46 M
Change in Working Capital 4.98 M
Others 200 M
Free Cash Flow -136 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Ballard Power Systems Inc.
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Wall Street analysts predict an average 1-year price target for BLDP of $1.44 , with forecasts ranging from a low of $1 to a high of $2 .
BLDP Lowest Price Target Wall Street Target
1 USD -34.64%
BLDP Average Price Target Wall Street Target
1.44 USD -5.77%
BLDP Highest Price Target Wall Street Target
2 USD 30.72%
Price
Max Price Target
Min Price Target
Average Price Target
33332222222222111111Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 13
6. Ownership
Insider Ownership Ballard Power Systems Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Graphite One ($GPHOF) | Lucid Motors ($LCID) | Ballard Power Systems ($BLDP) | Cipher Mining ($CIFR) Welcome to the Green Stock News brief for Thursday June 5th. Here are today's top headlines: Graphite One (OTC: GPHOF) has entered into a second supply agreement to provide natural graphite anode active materials for future electric vehicles to Lucid Motors (NASDAQ: LCID) and their battery cell providers. youtube.com - 1 week ago
Ballard announces 1.5 MW fuel cell engine order for Sierra Northern Railway VANCOUVER, BC , June 5, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a new supply agreement with California-based rail operator Sierra Northern Railway (https://www.sierranorthern.com) for the supply of 1.5 MW of fuel cell engines, expected to be delivered in 2025. As part of Sierra Northern Railway's efforts to decarbonize its operations across California, 12 Ballard FCmove®-XD engines will be supplied to convert three diesel switching locomotives to hydrogen-fueled, zero-emission locomotives. prnewswire.com - 1 week ago
Ballard Power announces results of 2025 Annual General Meeting of Shareholders VANCOUVER, BC , June 5, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2025 Annual General Meeting, which was held on June 4 th. All nominees listed in the Management Proxy Circular dated April 7 th, 2025 were elected as directors of the Company. prnewswire.com - 1 week ago
Ballard (BLDP) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now After losing some value lately, a hammer chart pattern has been formed for Ballard (BLDP), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term. zacks.com - 3 weeks ago
All You Need to Know About Ballard (BLDP) Rating Upgrade to Buy Ballard (BLDP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. zacks.com - 1 month ago
Ballard Power: Weak Prospects Reflected In Discounted Valuation - Hold Ballard Power Systems reported first quarter 2025 results slightly below expectations. In addition, weak order intake resulted in backlog declining by almost 10% sequentially. While recent restructuring initiatives have resulted in lower operating expenses and decreased cash usage, free cash flow remains deeply negative. However, at current cash burn levels, Ballard Power should make it into the next decade without the requirement to raise additional capital. seekingalpha.com - 1 month ago
Ballard Power Systems Inc. (BLDP) Q1 2025 Earnings Call Transcript Ballard Power Systems Inc. (NASDAQ:BLDP ) Q1 2025 Earnings Conference Call May 6, 2025 11:00 AM ET Company Participants Sumit Kundu - Manager, Investor Relations Randy MacEwen - President and Chief Executive Officer Kate Igbalode - Chief Financial Officer Conference Call Participants Saumya Jain - UBS Rob Brown - Lake Street Capital Markets Rupert Merer - National Bank Henry Robert - Truist Securities Operator Thank you for standing by. This is the conference operator. seekingalpha.com - 1 month ago
Ballard Power Systems (BLDP) Reports Q1 Loss, Lags Revenue Estimates Ballard Power Systems (BLDP) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.14 per share a year ago. zacks.com - 1 month ago
Ballard Reports Q1 2025 Results VANCOUVER, BC , May 6, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2025. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). prnewswire.com - 1 month ago
Fontaine Modification Leads Supplier Consortium to Develop and Deploy Fuel-Cell-Electric Class 6 Truck Fontaine Modification, Ballard Power Systems, Forsee Power & Linamar Corporation developing Class 6 fuel-cell-electric truck for middle-mile delivery. globenewswire.com - 1 month ago
Ballard Announces Q1 2025 Results Conference Call VANCOUVER, BC , April 3, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Tuesday, May 6 th, 2025 at 8:00 a.m. Pacific Time (11:00 a.m. prnewswire.com - 2 months ago
Comprehensive Q1 Review Of My Stock Picks + Ratings Updates Although there is one day left in Q1, I'm pleased to present a detailed review of my Q1 stock picks, along with updated commentary and ratings. Today's report begins with an unconventional review of Apple, which I plan to drop coverage on. This report contains new coverage of 38 stocks that I've previously written about here at Seeking Alpha. seekingalpha.com - 2 months ago
8. Profile Summary

Ballard Power Systems Inc. BLDP

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COUNTRY CA
INDUSTRY Industrial - Machinery
MARKET CAP $ 459 M
Dividend Yield 0.00%
Description 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.
Contact 9000 Glenlyon Parkway, Burnaby, BC, V5J 5J8 https://www.ballard.com
IPO Date Nov. 8, 1995
Employees 887
Officers Mr. R. Randall MacEwen BA, LLB Chief Executive Officer, President & Non-Independent Director Mr. Kerry Brent Hillier General Counsel & Corporate Secretary Mr. Lee Sweetland Senior Vice President & Chief Operating Officer Mr. David Mucciacciaro Senior Vice President & Chief Commercial Officer Mr. Nicolas Pocard Vice President of Marketing & Strategic Partnerships Ms. Kate Igbalode Senior Vice President & Chief Financial Officer Dr. Mircea Gradu Ph.D. Senior Vice President & Chief Engineering Officer Kate Charlton Vice President Corporate Finance & Investor Relations Dr. Kevin Colbow Senior Vice President & Chief Technology Officer Ms. Sarbjot Sidhu Senior Vice President and Chief People & Culture Officer