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Ballard Power Systems Inc.

$2.21 -$0.47 (-17.54%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$2.22
Day Range
$2.21$2.26
Year Range
$1.92$6.57
Market Cap
666.26M
AVG Volume
7.59M
Trailing/Forward PE
-8.63/-
PEG ratio
0.27
Dividend Yield
-
Next Earnings Date
2026-11-12
Primary Exchange
NASDAQUS
Revenue (USD)
050M100M150M2016201720182019202020212022202320242025
BLDP Revenue (USD) by year
PeriodRevenue (USD)
202599.37M
202469.73M
2023101.76M
202283.79M
2021104.5M
2020103.88M
2019106.2M
201896.59M
2017121.29M
201685.27M
Net Income (USD)
-400M-300M-200M-100M02016201720182019202020212022202320242025
BLDP Net Income (USD) by year
PeriodNet Income (USD)
2025-90.91M
2024-324.25M
2023-177.72M
2022-173.49M
2021-114.23M
2020-51.38M
2019-39.05M
2018-27.32M
2017-8.05M
2016-21.09M
Operating Income (USD)
-200M-150M-100M-50M02016201720182019202020212022202320242025
BLDP Operating Income (USD) by year
PeriodOperating Income (USD)
2025-104M
2024-183.3M
2023-157.8M
2022-158.9M
2021-88.1M
2020-39.76M
2019-26.91M
2018-20.8M
2017-4.88M
2016-18.07M
EBITDA (USD)
-400M-300M-200M-100M02016201720182019202020212022202320242025
BLDP EBITDA (USD) by year
PeriodEBITDA (USD)
2025-84.82M
2024-322.64M
2023-117.53M
2022-162.21M
2021-79.98M
2020-40.2M
2019-27.01M
2018-21.02M
2017-199.58K
2016-16.06M
Cash Flows (USD)
-200M-150M-100M-50M02016201720182019202020212022202320242025
BLDP Cash Flows (USD) by year
PeriodCash Flows (USD)
2025-66.16M
2024-135.72M
2023-146.14M
2022-166.65M
2021-97.02M
2020-55.8M
2019-28.16M
2018-41.54M
2017-16.21M
2016-10.79M
EPS (USD)
-1.5-1-0.502016201720182019202020212022202320242025
BLDP EPS (USD) by year
PeriodEPS (USD)
2025-0.3
2024-1.08
2023-0.6
2022-0.59
2021-0.38
2020-0.2
2019-0.17
2018-0.14
2017-0.05
2016-0.13
Expenses (USD)
050M100M150M200MR&DSG&ACapex2016201720182019202020212022202320242025
BLDP Expenses (USD) by year
PeriodExpenses (USD)
202595.48M
2024159.13M
2023173.33M
2022172.04M
2021114.49M
202073.23M
201961.61M
201860.06M
201752.37M
201647.2M
Cash & Debt (USD)
0500M1B1.5BCashShort Term Debt2016201720182019202020212022202320242025
BLDP Cash & Debt (USD) by year
PeriodCash & Debt (USD)
2025530.29M
2024606.05M
2023749.39M
2022915.74M
20211.13B
2020765.43M
2019147.79M
2018192.24M
201760.26M
201672.63M
Debt ratios
02.557.51020182019202020212022202320242025
BLDP Debt ratios by year
PeriodDebt ratios
20250.74
20240.85
20231.83
20222.91
20216.59
20208.45
20191.99
20183.48
Margins
-40%-20%0%20%40%2016201720182019202020212022202320242025
BLDP Margins by year
PeriodMargins
20255.5%
2024-31.52%
2023-21.56%
2022-15.63%
202113.41%
202020.2%
201921.19%
201830.72%
201734.3%
201628.36%
Return on Capital
-60%-40%-20%0%2016201720182019202020212022202320242025
BLDP Return on Capital by year
PeriodReturn on Capital
2025-15.44%
2024-48.18%
2023-18.02%
2022-14.97%
2021-8.61%
2020-5.7%
2019-15.6%
2018-9.67%
2017-6.72%
2016-17.35%
Shares Outstanding
0100M200M300M2016201720182019202020212022202320242025
BLDP Shares Outstanding by year
PeriodShares Outstanding
2025291.53M
2024299.43M
2023298.83M
2022298.32M
2021297.61M
2020288.21M
2019233.98M
2018232.01M
2017177.82M
2016174.8M
Book Value Per Share (USD)
02462016201720182019202020212022202320242025
BLDP Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
20252.02
20242.25
20233.3
20223.88
20214.46
20203.13
20191.07
20181.22
20170.67
20160.7
Total Assets (USD)
0500M1B1.5B2016201720182019202020212022202320242025
BLDP Total Assets (USD) by year
PeriodTotal Assets (USD)
2025681.15M
2024777.31M
20231.07B
20221.25B
20211.44B
2020975.6M
2019340.32M
2018346.1M
2017177.66M
2016183.45M
Free Cash Flow Yield
-50%-40%-30%-20%-10%0%med -16.34%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BLDP Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 26-5.56%
Sep 26-5.25%
Aug 26-5.46%
Aug 26-5.12%
Aug 26-4.55%
Aug 26-4.69%
Jul 26-4.6%
Jul 26-5.44%
Jul 26-5.85%
Jul 26-5.12%
Jul 26-4.48%
Jun 26-4.36%
Jun 26-3.61%
Jun 26-3.74%
Jun 26-3.21%
May 26-2.51%
May 26-2.85%
May 26-3.55%
May 26-3.82%
May 26-6.69%
Apr 26-6.92%
Apr 26-7.67%
Apr 26-8.08%
Apr 26-9.15%
Mar 26-9.54%
Mar 26-9.42%
Mar 26-9.5%
Mar 26-17.27%
Feb 26-16.22%
Feb 26-16.45%
Feb 26-16.15%
Feb 26-16.15%
Jan 26-14.9%
Jan 26-13.15%
Jan 26-12.44%
Jan 26-12.58%
Jan 26-12.95%
Dec 25-13.2%
Dec 25-13.3%
Dec 25-12.76%
Dec 25-12.31%
Nov 25-12.22%
Nov 25-12.81%
Nov 25-11.46%
Nov 25-11.46%
Oct 25-11.24%
Oct 25-11.66%
Oct 25-11.05%
Oct 25-12.27%
Oct 25-11.37%
Sep 25-14.59%
Sep 25-14.64%
Sep 25-19.38%
Sep 25-20.16%
Aug 25-19.86%
Aug 25-19.96%
Aug 25-20.06%
Aug 25-25.1%
Aug 25-25.24%
Jul 25-21.21%
Jul 25-23.9%
Jul 25-24.16%
Jul 25-25.52%
Jun 25-30.94%
Jun 25-29.72%
Jun 25-27.55%
Jun 25-29.53%
May 25-35.02%
May 25-33.47%
May 25-31.82%
May 25-33.47%
May 25-36.26%
Apr 25-37.15%
Apr 25-40.11%
Apr 25-37.77%
Apr 25-41.97%
Mar 25-39.76%
Mar 25-34.87%
Mar 25-34.34%
Mar 25-34.81%
Feb 25-35.65%
Feb 25-31.33%
Feb 25-29.83%
Feb 25-31.78%
Jan 25-32.25%
Jan 25-30.04%
Jan 25-27.76%
Jan 25-25.06%
Jan 25-22.84%
Dec 24-25.95%
Dec 24-27.07%
Dec 24-27.07%
Dec 24-27.24%
Nov 24-29.43%
Nov 24-30.62%
Nov 24-31.34%
Nov 24-29.71%
Nov 24-24.76%
Oct 24-26.39%
Oct 24-23.87%
Price to Sales
05101520med 7.38Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BLDP Price to Sales by year
PeriodPrice to Sales
Sep 266.31
Sep 266.68
Aug 266.42
Aug 266.85
Aug 267.71
Aug 267.48
Jul 267.62
Jul 268.44
Jul 267.86
Jul 268.96
Jul 2610.24
Jun 2610.54
Jun 2612.72
Jun 2612.28
Jun 2614.32
May 2618.31
May 2616.12
May 2612.95
May 2612.02
May 269.95
Apr 269.62
Apr 268.68
Apr 268.24
Apr 267.28
Mar 266.98
Mar 267.07
Mar 267.01
Mar 266.69
Feb 267.13
Feb 267.03
Feb 267.16
Feb 267.16
Jan 267.76
Jan 268.79
Jan 269.29
Jan 269.19
Jan 268.92
Dec 258.76
Dec 258.69
Dec 259.06
Dec 259.39
Nov 259.46
Nov 259.02
Nov 2510.09
Nov 2514.47
Oct 2514.76
Oct 2514.23
Oct 2515.01
Oct 2513.52
Oct 2514.6
Sep 2511.37
Sep 2511.33
Sep 258.56
Sep 258.23
Aug 258.35
Aug 258.31
Aug 258.27
Aug 257.63
Aug 257.59
Jul 259.03
Jul 258.01
Jul 257.93
Jul 257.5
Jun 256.19
Jun 256.44
Jun 256.95
Jun 256.48
May 255.47
May 255.72
May 256.02
May 255.72
May 255.37
Apr 255.24
Apr 254.85
Apr 255.15
Apr 254.64
Mar 254.9
Mar 255.58
Mar 255.67
Mar 254.13
Feb 254.03
Feb 254.59
Feb 254.82
Feb 254.52
Jan 254.46
Jan 254.79
Jan 255.18
Jan 255.74
Jan 256.29
Dec 245.54
Dec 245.31
Dec 245.31
Dec 245.28
Nov 244.88
Nov 243.78
Nov 243.7
Nov 243.9
Nov 244.68
Oct 244.39
Oct 244.85
EV/EBITDA
40060080010001200med 862.88Nov 17Dec 17Dec 17Jan 18Feb 18Feb 18
BLDP EV/EBITDA by year
PeriodEV/EBITDA
Feb 18661.32
Feb 18644.53
Feb 18589.94
Feb 18646.63
Jan 18568.94
Jan 18768.4
Jan 18816.69
Jan 18770.5
Dec 17862.88
Dec 17881.78
Dec 17919.57
Dec 17938.47
Dec 17946.87
Nov 17997.26
Nov 17917.47
Nov 171009.85
Nov 171121.13
Price/Operating Cashflow
025050075010001250med 997.35May 17Jun 17Jul 17Aug 17Sep 17Sep 17Oct 17
BLDP Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Oct 17138.64
Oct 17141.48
Oct 17145.45
Oct 17144.6
Sep 17132.69
Sep 17136.37
Sep 17125.6
Sep 1794.41
Sep 1789.88
Aug 17999.16
Aug 171010.02
Aug 17984.68
Aug 171053.46
Jul 171053.46
Jul 171089.66
Jul 171042.6
Jul 17991.92
Jun 171049.84
Jun 171067.94
Jun 171078.8
Jun 171035.36
Jun 17970.2
May 17995.54
May 171006.4
May 171006.4
May 171020.88
Price to Book
01234med 1.05Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
BLDP Price to Book by year
PeriodPrice to Book
Sep 261.19
Sep 261.26
Aug 261.21
Aug 261.29
Aug 261.46
Aug 261.41
Jul 261.44
Jul 261.51
Jul 261.41
Jul 261.6
Jul 261.83
Jun 261.88
Jun 262.28
Jun 262.2
Jun 262.56
May 263.28
May 262.88
May 262.32
May 262.15
May 261.68
Apr 261.62
Apr 261.47
Apr 261.39
Apr 261.23
Mar 261.18
Mar 261.19
Mar 261.18
Mar 261
Feb 261.06
Feb 261.04
Feb 261.06
Feb 261.06
Jan 261.15
Jan 261.31
Jan 261.38
Jan 261.37
Jan 261.33
Dec 251.3
Dec 251.29
Dec 251.35
Dec 251.4
Nov 251.41
Nov 251.34
Nov 251.5
Nov 251.65
Oct 251.68
Oct 251.62
Oct 251.71
Oct 251.54
Oct 251.66
Sep 251.3
Sep 251.29
Sep 250.98
Sep 250.94
Aug 250.95
Aug 250.95
Aug 250.94
Aug 250.82
Aug 250.82
Jul 250.98
Jul 250.87
Jul 250.86
Jul 250.81
Jun 250.67
Jun 250.7
Jun 250.75
Jun 250.7
May 250.59
May 250.62
May 250.65
May 250.62
May 250.56
Apr 250.54
Apr 250.5
Apr 250.53
Apr 250.48
Mar 250.51
Mar 250.58
Mar 250.59
Mar 250.52
Feb 250.51
Feb 250.58
Feb 250.61
Feb 250.57
Jan 250.57
Jan 250.61
Jan 250.66
Jan 250.73
Jan 250.8
Dec 240.7
Dec 240.67
Dec 240.67
Dec 240.67
Nov 240.62
Nov 240.43
Nov 240.42
Nov 240.44
Nov 240.53
Oct 240.49
Oct 240.55
Ballard Power Systems Inc.
BLDP
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News: BLDP

Ballard finalise l'acquisition de GeoPura et devient ainsi un fournisseur intégré de solutions énergétiques à l'hydrogène

prnewswire.com · 29 Aug 2026

Ballard finalise l'acquisition de GeoPura et devient ainsi un fournisseur intégré de solutions énergétiques à l'hydrogène

/PRNewswire/ -- Ballard Power Systems Inc. (NASDAQ: BLDP) (TSX: BLDP) (« Ballard »), leader mondial de la technologie des piles à combustible à hydrogène, a

Ballard closes acquisition of GeoPura, becoming an integrated hydrogen energy solutions provider

prnewswire.com · 28 Aug 2026

Ballard closes acquisition of GeoPura, becoming an integrated hydrogen energy solutions provider

The combined business brings together Ballard's proven fuel cell technology and global scale with GeoPura's Hydrogen Power Units, fuel supply capabilities and Energy-as-a-Service business model. VANCOUVER, BC and NEWCASTLE, UK, Aug. 28, 2026 /PRNewswire/ -- Ballard Power Systems Inc. (NASDAQ: BLDP) (TSX: BLDP) ("Ballard"), a global leader in hydrogen fuel cell technology, today announced that it has closed the acquisition of GeoPura Limited ("GeoPura"), a leading UK-based provider of zero-emission, hydrogen-based power solutions.

Ballard Power Systems, Inc. (NASDAQ:BLDP) Short Interest Update

defenseworld.net · 20 Aug 2026

Ballard Power Systems, Inc. (NASDAQ:BLDP) Short Interest Update

Ballard Power Systems, Inc. (NASDAQ: BLDP - Get Free Report) (TSE: BLD) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 16,558,574 shares, a drop of 35.7% from the July 15th total of 25,762,152 shares. Currently, 5.5% of the shares of the stock are sold

Dimensional Fund Advisors LP Has $4.43 Million Position in Ballard Power Systems, Inc. $BLDP

defenseworld.net · 13 Aug 2026

Dimensional Fund Advisors LP Has $4.43 Million Position in Ballard Power Systems, Inc. $BLDP

Dimensional Fund Advisors LP boosted its holdings in Ballard Power Systems, Inc. (NASDAQ: BLDP) (TSE: BLD) by 18.3% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,831,549 shares of the technology company's stock after purchasing an additional 283,684 shares during

Ballard Power Systems: Progress Hasn't Mitigated Uncertainties

seekingalpha.com · 3 Aug 2026

Ballard Power Systems: Progress Hasn't Mitigated Uncertainties

Ballard Power Systems Inc. reported moderate revenue momentum in Q2, but the backlog finally showed an improvement due to strong orders. Cost cuts in R&D and manufacturing have cut BLDP's losses significantly, enabling a very long cash runway. The GeoPura acquisition deepens BLDP's position in the hydrogen value chain.

Ballard Power Systems Q2 Earnings Call Highlights

marketbeat.com · 31 Jul 2026

Ballard Power Systems Q2 Earnings Call Highlights

Ballard Power Systems NASDAQ: BLDP reported higher second-quarter revenue, improved gross margin and lower operating expenses, while outlining plans to expand beyond fuel cell engine supply through its proposed acquisition of hydrogen power company GeoPura.

Ballard Power Systems (BLDP) Reports Q2 Loss, Lags Revenue Estimates

zacks.com · 31 Jul 2026

Ballard Power Systems (BLDP) Reports Q2 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 $0.04. This compares to a loss of $0.08 per share a year ago.

Ballard Reports Q2 2026 Results

prnewswire.com · 31 Jul 2026

Ballard Reports Q2 2026 Results

VANCOUVER, BC, July 31, 2026 /PRNewswire/ -- BallardPowerSystems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the second quarter ended June 30, 2026. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards(IFRS).

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