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Ballard Power Systems Inc. (BLDP) stock

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NASDAQ: BLDP Nasdaq Electrical Components & Equipment Next results ~November 16, 2026

C Fundamentals grade

Ballard Power Systems Inc. is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$1.2

Valuation models combined (3)

Base case. Range ~$0.6–$1.3. Weighted average of 3 models (growth cash-flow model, forward price-to-sales vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Ballard Power Systems Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds97 adding, 60 cuttingOf 29 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Ballard Power Systems files

Where Ballard Power Systems stands after its latest Filing

Revenue for the twelve months was $99m, up 42.5% on a year earlier, against a decline of 31.9% a quarter earlier. Free-cash-flow margin rose to -66.4% from -89.6% a year earlier. Operating margin narrowed to -104.1% from -84.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our valuation models combined value is $1.19 a share, against a share price of $1.57.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 16, 2026 (estimated)

Ballard Power Systems Inc.'s trailing-twelve-month revenue grew 42.5% year on year, with a free-cash-flow margin of -66.4%. Where it stands out: change in growth rate of +74.4pp ranks 2 of 57 electrical components & equipment companies we cover. Where it lags: free-cash-flow margin of -66.4% ranks 45 of 56 electrical components & equipment companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 42.5% (+74.4pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 42.5% over the last 12 months, against a median of 10.6% for electrical components & equipment companies we cover.
  • Growth speeding up. The growth rate is 74.4 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 158.8 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.5bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Loss-making. Operating margin is -104.1%: costs exceed revenue.
  • Burning cash. Free cash flow was -66.4% of revenue over the last 12 months.
  • Below peers: gross margin. Gross margin of 5.5% ranks 43 of 54 electrical components & equipment companies we cover (median 29.3%).

Latest results

Earnings per share
-$0.04 against an average estimate of -$0.04: beat by 16.7%
Next report
November 16, 2026; average EPS estimate -$0.04

Ballard Power Systems' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.5%
  • 1 week+4.9%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$99.4M
Operating margin
-104.1%
Net margin
-91.5%
EPS (TTM, diluted)
$-0.30

Growth

Revenue growth
+42.5%
Change in growth rate
+74.4 pts
Share count change
+0.3%

Cash

Free cash flow (TTM)
-$66M
FCF margin
-66.4%
Stock pay % of revenue
6.4%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for BLDP from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Ballard Power Systems Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Ballard Power Systems Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.46 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$1.3 ~$1.2–$1.4 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$0.6 ~$0.5–$2.0 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$1.3 ~$1.3–$1.4 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1.2 ~$0.6–$1.3 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ballard Power Systems Inc. with Electrical Components & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 16, 2026, before the open. Analysts expect revenue of $32m and EPS of −$0.04 (range −$0.06 to −$0.02) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.17 +39% $114m +14%
Next −$0.11 +37% $151m +32%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.7% on 90 days ago. In the last 30 days, 0 analysts raised Ballard Power Systems Inc.'s forecast and 0 cut it.

Consensus EPS forecast Ballard Power Systems Inc., last 90 days
−$0.20 −$0.15 −$0.10 −$0.05 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.17 Current fiscal year, 60 days ago: −$0.17 Current fiscal year, 30 days ago: −$0.17 Current fiscal year, 7 days ago: −$0.17 Current fiscal year, Now: −$0.17 −$0.17 Next fiscal year, 90 days ago: −$0.16 Next fiscal year, 60 days ago: −$0.14 Next fiscal year, 30 days ago: −$0.11 Next fiscal year, 7 days ago: −$0.11 Next fiscal year, Now: −$0.11 −$0.11

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.17−$0.16
60 days ago −$0.17−$0.14
30 days ago −$0.17−$0.11
7 days ago −$0.17−$0.11
Now −$0.17−$0.11

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.04 −$0.04 +16.7%
Mar 2026 −$0.06 −$0.04 +24.1%
Dec 2025 −$0.08 −$0.04 +46.7%
Sept 2025 −$0.10 −$0.09 +6.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

11 analysts, Nov 2026
Buy327%
Hold764%
Sell19%

Monthly trend

  1. Nov 202637111
  2. Oct 202638112
  3. Sep 202638112

Counts of recommendations published by analysts covering Ballard Power Systems Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.9%
of tradable shares
Days to cover
8.16
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
33%
of shares
Held by insiders
12.7%
of shares
Employees
492
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Ballard Power Systems Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Ballard Power Systems Inc.
$60M $80M $100M $120M $140M FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY16 Q4: $85.3M Revenue (TTM), FY17 Q4: $121.3M Revenue (TTM), FY18 Q4: $96.6M Revenue (TTM), FY19 Q4: $105.7M Revenue (TTM), FY20 Q4: $103.9M Revenue (TTM), FY21 Q4: $104.5M Revenue (TTM), FY22 Q4: $81.9M Revenue (TTM), FY23 Q4: $102.4M Revenue (TTM), FY24 Q4: $69.7M Revenue (TTM), FY25 Q4: $99.4M $99.4M

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY16 Q4 $85.3M
FY17 Q4 $121.3M
FY18 Q4 $96.6M
FY19 Q4 $105.7M
FY20 Q4 $103.9M
FY21 Q4 $104.5M
FY22 Q4 $81.9M
FY23 Q4 $102.4M
FY24 Q4 $69.7M
FY25 Q4 $99.4M
Revenue growth, TTM YoY Ballard Power Systems Inc.
-40% -20% 0% 20% 40% 60% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY17 Q4: 42.2% Revenue growth, TTM YoY, FY18 Q4: -20.4% Revenue growth, TTM YoY, FY19 Q4: 9.5% Revenue growth, TTM YoY, FY20 Q4: -1.7% Revenue growth, TTM YoY, FY21 Q4: 0.6% Revenue growth, TTM YoY, FY22 Q4: -21.7% Revenue growth, TTM YoY, FY23 Q4: 25.1% Revenue growth, TTM YoY, FY24 Q4: -31.9% Revenue growth, TTM YoY, FY25 Q4: 42.5% 42.5%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY17 Q4 42.2%
FY18 Q4 -20.4%
FY19 Q4 9.5%
FY20 Q4 -1.7%
FY21 Q4 0.6%
FY22 Q4 -21.7%
FY23 Q4 25.1%
FY24 Q4 -31.9%
FY25 Q4 42.5%
Operating margin (TTM) Ballard Power Systems Inc.
-300% -200% -100% 0% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY16 Q4: -21.2% Operating margin (TTM), FY17 Q4: -4.0% Operating margin (TTM), FY18 Q4: -21.5% Operating margin (TTM), FY19 Q4: -24.1% Operating margin (TTM), FY20 Q4: -38.3% Operating margin (TTM), FY21 Q4: -84.3% Operating margin (TTM), FY22 Q4: -177.5% Operating margin (TTM), FY23 Q4: -159.1% Operating margin (TTM), FY24 Q4: -262.9% Operating margin (TTM), FY25 Q4: -104.1% -104.1%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY16 Q4 -21.2%
FY17 Q4 -4.0%
FY18 Q4 -21.5%
FY19 Q4 -24.1%
FY20 Q4 -38.3%
FY21 Q4 -84.3%
FY22 Q4 -177.5%
FY23 Q4 -159.1%
FY24 Q4 -262.9%
FY25 Q4 -104.1%
FCF margin (TTM) Ballard Power Systems Inc.
-300% -200% -100% 0% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 FCF margin (TTM), FY16 Q4: -7.8% FCF margin (TTM), FY17 Q4: -10.6% FCF margin (TTM), FY18 Q4: -43.0% FCF margin (TTM), FY19 Q4: -26.6% FCF margin (TTM), FY20 Q4: -53.5% FCF margin (TTM), FY21 Q4: -89.6% FCF margin (TTM), FY22 Q4: -202.9% FCF margin (TTM), FY23 Q4: -142.4% FCF margin (TTM), FY24 Q4: -192.1% FCF margin (TTM), FY25 Q4: -66.4% -66.4%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY16 Q4 -7.8%
FY17 Q4 -10.6%
FY18 Q4 -43.0%
FY19 Q4 -26.6%
FY20 Q4 -53.5%
FY21 Q4 -89.6%
FY22 Q4 -202.9%
FY23 Q4 -142.4%
FY24 Q4 -192.1%
FY25 Q4 -66.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 40-F, 40-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 85 121 97 106 104 105 82 102 70 99
Gross profit 24 42 30 22 21 14 −13 −22 −22 5
Operating income −18 −5 −21 −25 −40 −88 −145 −163 −183 −103
Net income −21 −8 −27 −39 −51 −114 −173 −178 −324 −91
Diluted EPS — — — — −$0.21 −$0.39 −$0.58 −$0.59 −$1.08 −$0.30
Growth (year on year)
Revenue — +42.2% −20.4% +9.5% −1.7% +0.6% −21.7% +25.1% −31.9% +42.5%
Margins
Gross margin 28.4% 34.3% 30.7% 21.1% 20.2% 13.4% −16.3% −21.3% −31.5% 5.5%
Operating margin −21.2% −4.0% −21.5% −24.1% −38.3% −84.3% −177.5% −159.1% −262.9% −104.1%
Net margin −24.8% −6.6% −28.3% −36.9% −49.5% −109.3% −211.9% −173.6% −465.0% −91.5%
Free-cash-flow margin −7.8% −10.6% −43.0% −26.6% −53.5% −89.6% −202.9% −142.4% −192.1% −66.4%
Cash flow
Cash from operations −4 −10 −32 −14 −43 −80 −132 −105 −108 −56
Capital spending 3 3 10 14 13 13 34 41 26 10
Free cash flow −7 −13 −42 −28 −56 −94 −166 −146 −134 −66
Stock-based pay 3 3 3 4 6 10 9 11 7 6
Free cash flow after stock pay −10 −16 −44 −32 −62 −103 −176 −157 −141 −72
Balance sheet
Cash 73 60 192 148 763 1,124 914 751 604 527
Total debt 1 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −72 −60 −192 −148 −763 −1,124 −914 −751 −604 −527
Diluted shares 163m 176m 186m 233m 248m 295m 298m 299m 299m 300m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · December 31, 2025
What it owns · $682m
Short-term assets $601mLonger-term assets $81m
What it owes, and who funded it · $682m
Short-term liabilities $61mLonger-term liabilities $31mShareholders' equity $590m
  • Short-term assets cover short-term liabilities $601m of assets due within a year against $61m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $601m short-term assets against $31m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Ballard Power Systems Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+0.3%
year over year
R&D spending
59.1%
of revenue
Days sales outstanding
89 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electrical components & equipment
Last 12 months unless stated BLDP BLNK FTCI SKYX OESX AMPX Median
Revenue, last 12 months $99m $97m $102m $96m $92m $109m $154m
Revenue growth, last 12 months 42.5% −7.9% 59.5% 8.1% 16.5% 143.6% 10.6%
Revenue growth, 3-year average — 0.8% −4.1% 85.7% 6.3% 203.2% 9.2%
Revenue growth, latest quarter — −24.4% 30.8% 9.6% 31.5% 125.9% 10.2%
Gross margin 5.5% 29.7% 3.0% 30.2% 33.6% 22.3% 29.3%
Operating margin −104.1% −53.0% −38.3% −30.3% 1.6% −37.7% −17.7%
Operating margin, 3-year average −64.1% −122.0% −61.5% −35.4% −5.7% −155.0% −32.6%
Net margin −91.5% −52.2% −53.6% −34.3% 0.0% −33.4% −23.4%
Cash from operations / revenue −56.5% −5.9% −26.5% −17.3% 0.9% −48.4% −6.5%
Free-cash-flow margin −66.4% −13.3% −27.9% −17.3% 0.8% −53.5% −11.0%
Free-cash-flow margin, 3-year average −55.5% −36.4% −42.0% −17.7% −0.7% −180.5% −6.8%
Stock pay / revenue 6.4% 3.1% 9.0% 13.0% 0.5% 7.6% 2.5%
Change in share count 0.3% 25.6% 25.5% 17.6% 2.0% 17.2% 10.0%

Median of all 57 companies we cover in electrical components & equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 electrical components & equipment companies
Measure Company Peer median Rank
Revenue growth Growth 42.5% 10.6% 16 of 57
Change in growth rate Growth +74.4pp +0.0pp 2 of 57
Gross margin Profitability 5.5% 29.3% 43 of 54
Operating margin Profitability -104.1% -20.0% 42 of 53
Net margin Profitability -91.5% -23.4% 44 of 57
Free-cash-flow margin Cash generation -66.4% -8.8% 45 of 56
Stock pay as % of revenue Cash generation 6.4% 2.8% 34 of 50
Change in share count Balance sheet 0.3% 10.0% 16 of 46
Days sales outstanding Balance sheet 89 days 72 days 34 of 50

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$406M
Institutions reporting
166
Shares held vs prior quarter
▲ 16.5%
Positions opened / closed
40 / 20

Top buyers and sellers, Q2 2026: 97 institutions bought and 60 sold ; the biggest buyer was Acadian Asset Management LLC (+4.5M shares) and the biggest seller UBS Group AG (−2.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Morgan Stanley $48.2M 12.4M 11.9% ▲ 2.5%
Two Sigma Investments, LP $42.1M 10.8M 10.4% ▼ 12.3%
D. E. Shaw & Co., Inc. $38.1M 9.8M 9.4% ▲ 18.4%
Legal & General Group PLC $28.1M 7.2M 6.9% ▲ 12.9%
Acadian Asset Management LLC $17.5M 4.5M 4.3% New
Renaissance Technologies LLC $16.9M 4.3M 4.2% ▲ 671.8%
State Street Corp $16.7M 4.3M 4.1% ▼ 13.6%
Mirae Asset Global Etfs Holdings Ltd. $12.2M 3.1M 3.0% ▲ 13.0%
UBS Group AG $11.4M 2.9M 2.8% ▼ 49.8%
Jane Street Group, LLC $11.4M 2.9M 2.8% ▲ 258.3%
Citadel Advisors LLC $10.7M 2.8M 2.6% ▼ 4.5%
Invesco Ltd. $10.4M 2.7M 2.5% ▼ 32.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ballard Power Systems Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 13 trades and filings

No trades in Ballard Power Systems Inc. disclosed in the last 12 months; 13 earlier trades on record.

  • Austin Scott(R-GA 8):Sale (full), $1,001 - $15,000, traded July 31, 2024, filed August 13, 2025
  • Austin Scott(R-GA 8):Purchase, $1,001 - $15,000, traded September 3, 2021, filed October 15, 2021
  • Austin Scott(R-GA 8):Purchase, $1,001 - $15,000, traded August 10, 2021, filed August 13, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Ballard Power Systems Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Ballard Power Systems Inc. in brief

What does Ballard Power Systems Inc. do?
Ballard Power Systems Inc. is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.
What is Ballard Power Systems Inc.'s stock ticker?
Ballard Power Systems Inc. trades under the ticker BLDP on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Ballard Power Systems Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Ballard Power Systems Inc. reported revenue of $99.4M, 42.5% higher than a year earlier, according to its SEC filings.
What is Ballard Power Systems Inc.'s free cash flow?
Ballard Power Systems Inc.'s free-cash-flow margin is -66.4% of revenue over the trailing twelve months, ranking 45 of the 56 electrical components & equipment companies we cover.
Who are Ballard Power Systems Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Morgan Stanley, Two Sigma Investments, LP and D. E. Shaw & Co., Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Ballard Power Systems Inc.'s competitors?
In our Electrical Components & Equipment peer group, the companies closest to Ballard Power Systems Inc. are Blink Charging Co., FTC Solar, Inc., Skyx Platforms Corp., Orion Energy Systems, Inc. and Amprius Technologies, Inc. The side-by-side comparison below sets their revenue, margins and growth against Ballard Power Systems Inc.'s.
When is Ballard Power Systems Inc.'s next earnings date?
Around November 16, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Ballard Power Systems Inc. announces its own schedule.