Accessibility Menu
Ballard Power Systems logo

Ballard Power Systems(NASDAQ) BLDP

Market Cap$723.55MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1995)-36%
5 Year-84%
1 Year+27%
1 Month-23%
Premium Feature
Moneyball Superscore
35/100
$2.40
+1.06%
+0.03Today
After hours$2.40+$0.00 (+0.00%)
Ballard Power Systems last closing stock price
MetricPriceDate
Last closeUSD 2.402026-08-21
Ballard Power Systems stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-11.11%USD 2.702026-08-14
1 month-22.58%USD 3.102026-07-22
3 month-56.68%USD 5.542026-05-22
Year to date-5.51%USD 2.542025-12-31
1 year+26.98%USD 1.892025-08-21
3 year-41.18%USD 4.082023-08-22
5 year-83.82%USD 14.832021-08-20
Since inception-36%USD 3.751995-11-08

Ballard Power Systems Financials at a Glance

Market Cap

$723.55MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$105.63M

Net Income (TTM)

-$76.75M

EPS (TTM)

-$0.26

P/E Ratio

-9.35

Dividend

$0.00

Beta (Volatility)

1.83 (High)

Price

$2.40

Volume

2,167,724.567

Open

$2.41

Previous Close

$2.40

Daily Range

$2.37 - $2.44

52-Week Range

$1.83 - $6.57

Estimated Earnings Date

Nov 12, 2026

BLDP News

A hydrogen energy storage system near solar panels.

9 Best Hydrogen Stocks for 2026 and How to Invest

Matt DiLalloAug 6, 2026
Green arrow going up under a question mark

Why Did Ballard Power Systems Stock Just Pop?

Rich SmithOct 3, 2025
Two people lean against a pickup truck in a farm field.

Why Ballard Power Systems Stock Is Soaring Today

Scott LevineAug 3, 2023
Person gazing at a laptop located on a desk already supporting two PC monitors

Why Ballard Power Systems Stock Plummeted by 12% Today

Eric VolkmanJun 14, 2023
One single hydrogen fuel cell in blue glass

Why Ballard Power Stock Keeps Going Up

Rich SmithJun 13, 2023
3 arrows trending down over a background of a map and dollar signs

Why Ballard Power, Bloom Energy, and Nikola Stocks All Dropped Today -- But Plug Didn't

Rich SmithNov 9, 2021
Hydrogen fuel cell buses.

Is Ballard Power Systems a Buy After Its Q2 Earnings?

Rekah KhandelwalAug 11, 2021
Appearing concerned a man who uses a wheelchair looks at a laptop.

Why Shares of Ballard Power Systems Took a 21% Nosedive in May

Scott LevineJun 7, 2021
Page 1

BLDP: Motley Fool Moneyball Superscore

35

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About Ballard Power Systems

Ballard Power Systems Inc. specializes in proton exchange membrane (PEM) fuel cell technology, focusing on research, production, and ongoing support. The company provides fuel cell solutions for various applications, including heavy-duty transportation and backup power systems.

Products and Services
  • PEM fuel cell technology for transportation and backup power
  • Engineering services and technology transfer
  • Integrated hydrogen fuel cell powertrain systems
Growth Outlook
  • Strategic partnership with Linamar Corporation enhances market reach
  • Expanding operations in key international markets, including China and Europe
  • Increasing demand for clean energy solutions supports long-term growth
Financial Highlights
  • Q2 2026 revenue of 20.07 million, up from 19.42 million in Q1 2026
  • Cash and short-term investments totaled 504.54 million as of June 30, 2026
  • Current ratio of 11.19 indicates strong liquidity position
Ballard Power Systems Inc. is positioned in the growing clean energy sector, focusing on innovative fuel cell technology. The company's strategic partnerships and international presence enhance its market potential. Recent financial data shows a positive trend in revenue, indicating a potential recovery and growth trajectory. The strong liquidity position further supports operational flexibility and future investments. Investors may find Ballard Power Systems Inc. an intriguing option in the evolving energy landscape.
AI Generated • Aug 18, 2026

Industry

Electrical Equipment

Sector

Industrials

Employees

492

CEO

Marty T. Neese, MBA

Website

www.ballard.com

Headquarters

Burnaby, BC V5J 5J8, CA

BLDP Financials

Key Financial Metrics (TTM)

Gross Margin

16.38%

Operating Margin

-63.68%

Net Income Margin

-72.66%

Return on Equity

-13.16%

Return on Capital

-13.34%

Return on Assets

-11.93%

Earnings Yield

-10.70%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$723.55MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

301.48M

Volume

2.17M

Avg. Volume

7.01M

Financials (TTM)

Gross Profit

$17.30M

Operating Income

-$67.26M

EBITDA

-$63.93M

Operating Cash Flow

-$30.39M

Capital Expenditure

-$6.66M

Free Cash Flow

-$37.05M

Cash & ST Invst.

$504.54M

Total Debt

$19.67M

Ballard Power Systems Performance Analysis

Ballard Power Systems annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 81,860,000-21.7%
20232023-12-31USD 102,368,00025.1%
20242024-12-31USD 69,731,000-31.9%
20252025-12-31USD 99,370,00042.5%
Ballard Power Systems sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3082.2%
Q42025-12-313.5%
Q12026-03-31-42.3%
Q22026-06-303.4%
Ballard Power Systems annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.5850.5%
20232023-12-31USD -0.602.2%
20242024-12-31USD -1.0882.1%
20252025-12-31USD -0.30-72.0%
Ballard Power Systems sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-14.1%
Q42025-12-3134.0%
Q12026-03-3138.9%
Q22026-06-30-75.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$20.07M

+12.5%

Gross Profit

$3.98M

+366.0%

Gross Margin

19.81%

N/A

Market Cap

$723.55MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.47M

N/A

Employees

492

N/A

Net Income

-$19.76M

+18.6%

EBITDA

-$11.48M

+49.7%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$504.54M

-8.6%

Total Debt

$19.67M

-17.1%

Accounts Receivable

$20.42M

-12.8%

Inventory

$42.29M

-38.6%

Long Term Debt

$16.27M

-20.6%

Short Term Debt

$3.40M

+4.8%

Return on Assets

-11.93%

N/A

Return on Invested Capital

-11.36%

N/A

Free Cash Flow

-$12.23M

+46.1%

Operating Cash Flow

-$11.39M

+44.0%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
LMBLimbach Holdings, Inc.
$42.90+0.35%
ASTEAstec Industries, Inc.
$43.55+4.01%
UPWheels Up Experience Inc.
$4.95+0.61%
GICGlobal Industrial Co
$39.45+1.86%

Trending Stocks

Symbol / CompanyPricePrice Chg
TSLLDirexion Shares ETF Trust - Direxion Daily Tsla Bull 2x ETF
$9.77+0.10%
IBITiShares Bitcoin Trust
$43.68+0.06%
BITOProShares Trust - ProShares Bitcoin ETF
$10.41+0.06%
MARAMara Holdings
$11.26+0.01%

Questions About BLDP

What is the current price of Ballard Power Systems?

Ballard Power Systems is trading at $2.40 per share.

What is the 52-week range for Ballard Power Systems?

Over the past 52 weeks, Ballard Power Systems has traded between $1.83 and $6.57.

How much debt does Ballard Power Systems have?

As of the most recent reporting period, Ballard Power Systems reported total debt of $19.69M.

How much cash does Ballard Power Systems have on hand?

Ballard Power Systems reported $502.10M in cash and cash equivalents in its most recent financial results.

What is Ballard Power Systems’s dividend yield?

Ballard Power Systems does not currently have a dividend yield.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services