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Ballard Power Systems(TSX) BLDP

Market CapCA$952.76MMarket 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 (1993)+90%
5 Year-85%
1 Year+20%
1 Month-18%
CA$3.16
+1.93%
+0.06Today
Ballard Power Systems last closing stock price
MetricPriceDate
Last closeCAD 3.162026-09-03
Ballard Power Systems stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.77%CAD 3.252026-08-27
1 month-18.13%CAD 3.862026-08-04
3 month-53.87%CAD 6.852026-06-05
Year to date-9.71%CAD 3.502025-12-31
1 year+20.15%CAD 2.632025-09-03
3 year-45.04%CAD 5.752023-09-01
5 year-84.62%CAD 20.542021-09-03
Since inception+89.6%CAD 1.671993-08-11

Ballard Power Systems Financials at a Glance

Market Cap

CA$952.76MMarket 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)

$106.14M

Net Income (TTM)

-$76.82M

EPS (TTM)

-CA$0.35

P/E Ratio

-8.90

Dividend

CA$0.00

Beta (Volatility)

2.15 (High)

Price

CA$3.16

Volume

573,141

Open

CA$3.11

Previous Close

CA$3.16

Daily Range

CA$3.09 - CA$3.17

52-Week Range

CA$2.54 - CA$9.08

Estimated Earnings Date

Oct 30, 2026

BLDP News

No articles available.

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About Ballard Power Systems

Ballard Power Systems Inc. specializes in proton exchange membrane (PEM) fuel cell technology, providing solutions for various applications including heavy-duty transport and backup power systems. The company offers a complete lifecycle approach, from engineering to maintenance, and has a significant global presence.

Products and Services
  • PEM fuel cell solutions for transport and backup power
  • Engineering consulting and technology transfer programs
  • Integrated hydrogen fuel cell powertrains and vehicle systems
Growth Outlook
  • Strategic partnership with Linamar Corporation enhances market reach
  • Increasing demand for clean energy solutions supports growth potential
  • Expansion into international markets strengthens competitive position
Financial Highlights
  • Q2 2026 revenue of 20.07 million, up from 19.42 million in Q1 2026
  • Cash and cash equivalents of 501.29 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 has established a robust foundation with a diverse product offering and strategic partnerships, which may enhance its market presence. Recent financial data indicates a positive trend in revenue, alongside a strong liquidity position, suggesting potential for future growth. The company's commitment to advancing hydrogen fuel cell technology aligns with global shifts towards sustainable energy solutions, making it a noteworthy consideration for investors interested in the clean energy landscape.
AI Generated • Aug 26, 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

-11.24%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

CA$952.76MMarket 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

301.51M

Volume

573.14K

Avg. Volume

1.11M

Financials (TTM)

Gross Profit

$16.31M

Operating Income

-$68.52M

EBITDA

-$61.37M

Operating Cash Flow

-$30.07M

Capital Expenditure

-$6.64M

Free Cash Flow

-$36.72M

Cash & ST Invst.

$504.33M

Total Debt

$19.66M

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 106,569,727-18.7%
20232023-12-31USD 138,164,75529.6%
20242024-12-31USD 95,528,791-30.9%
20252025-12-31USD 138,848,56545.3%
Ballard Power Systems sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3082.2%
Q42025-12-315.1%
Q12026-03-31-43.1%
Q22026-06-303.3%
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 -0.7656.2%
20232023-12-31USD -0.806.0%
20242024-12-31USD -1.4884.8%
20252025-12-31USD -0.42-71.5%
Ballard Power Systems sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-15.5%
Q42025-12-3135.9%
Q12026-03-3137.2%
Q22026-06-30-76.1%

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

$3.97M

+365.9%

Gross Margin

19.81%

N/A

Market Cap

CA$952.76MMarket 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

CA$1.94M

N/A

Employees

492

N/A

Net Income

-$19.75M

+18.6%

EBITDA

-$11.47M

+49.7%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$504.33M

-8.7%

Total Debt

$19.66M

-17.1%

Accounts Receivable

$20.41M

-12.9%

Inventory

$42.27M

-38.6%

Long Term Debt

$16.26M

-20.6%

Short Term Debt

$3.40M

+4.9%

Return on Assets

-11.93%

N/A

Return on Invested Capital

-11.36%

N/A

Free Cash Flow

-$11.89M

+47.5%

Operating Cash Flow

-$11.08M

+45.5%

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Questions About BLDP

What is the current price of Ballard Power Systems?

Ballard Power Systems is trading at CA$3.16 per share.

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

Over the past 52 weeks, Ballard Power Systems has traded between CA$2.54 and CA$9.08.

How much debt does Ballard Power Systems have?

As of the most recent reporting period, Ballard Power Systems reported total debt of $27.93M.

How much cash does Ballard Power Systems have on hand?

Ballard Power Systems reported $712.36M 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.

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