(BLDP) Ballard Power Systems - Ratings and Ratios
Fuel Cells, PEM, Hydrogen, Systems, Integration
BLDP EPS (Earnings per Share)
BLDP Revenue
Description: BLDP Ballard Power Systems
Ballard Power Systems Inc. is a leading developer and manufacturer of proton exchange membrane (PEM) fuel cell solutions, catering to a diverse range of applications including transportation (bus, truck, rail, and marine), stationary power, and emerging markets. The companys comprehensive product portfolio is complemented by a suite of services, including after-sales support, training, and engineering services, as well as technology solutions and product integration. With a global footprint, Ballard operates in multiple countries across North America, Europe, and Asia, serving a broad customer base. The companys expertise in PEM fuel cell technology positions it at the forefront of the clean energy transition, with significant opportunities in the rapidly expanding hydrogen fuel cell market.
From a market perspective, Ballard Power Systems Inc. (BLDP) is a Canadian-listed stock with a market capitalization of $531.60 million USD, operating within the Electrical Components & Equipment sub-industry. The absence of a price-to-earnings ratio indicates the companys current lack of profitability, a common characteristic in the growth stage of clean technology companies. The return on equity stands at -40.98%, reflecting the companys significant investment in research, development, and market expansion.
Technical analysis of BLDPs stock price reveals a current price of $1.51, with the 20-day simple moving average (SMA) at $1.51, indicating a stable short-term trend. The 50-day SMA at $1.37 and 200-day SMA at $1.46 suggest a longer-term uptrend. The average true range (ATR) of 0.10, representing 6.65% of the current price, signifies moderate volatility. Given the 52-week high of $2.67 and low of $1.02, the stock is currently positioned near the lower end of its recent price range, potentially indicating an attractive entry point for investors. Based on the convergence of the 20-day and 50-day SMAs, and considering the companys fundamental growth prospects, a potential price target could be $2.20 within the next 6-9 months, representing a 46% increase from the current price. This forecast is contingent upon the companys continued progress in fuel cell technology, successful market expansion, and the overall growth of the hydrogen fuel cell market.
BLDP Stock Overview
| Market Cap in USD | 546m |
| Sector | Industrials |
| Industry | Specialty Industrial Machinery |
| GiC Sub-Industry | Electrical Components & Equipment |
| IPO / Inception | 1995-11-08 |
BLDP Stock Ratings
| Growth Rating | -77.2 |
| Fundamental | 27.8% |
| Dividend Rating | - |
| Rel. Strength | -24.6 |
| Analysts | 2.82 of 5 |
| Fair Price Momentum | 1.27 USD |
| Fair Price DCF | - |
BLDP Dividends
Currently no dividends paidBLDP Growth Ratios
| Growth Correlation 3m | 83.4% |
| Growth Correlation 12m | -19.8% |
| Growth Correlation 5y | -97.6% |
| CAGR 5y | -34.54% |
| CAGR/Max DD 5y | -0.35 |
| Sharpe Ratio 12m | -0.06 |
| Alpha | -23.79 |
| Beta | 0.764 |
| Volatility | 68.77% |
| Current Volume | 5861.4k |
| Average Volume 20d | 5881.2k |
| Stop Loss | 1.6 (-7.5%) |
Piotroski VR‑10 (Strict, 0-10) 0.0
| Net Income (-304.0m TTM) > 0 and > 6% of Revenue (6% = 4.24m TTM) |
| FCFTA -0.18 (>2.0%) and ΔFCFTA -4.03pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 849.3% (prev 721.4%; Δ 127.9pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.15 (>3.0%) and CFO -112.4m > Net Income -304.0m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 9.00 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (299.5m) change vs 12m ago 0.17% (target <= -2.0% for YES) |
| Gross Margin -32.00% (prev -25.11%; Δ -6.89pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.83% (prev 9.98%; Δ -2.15pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -133.5 (EBITDA TTM -288.3m / Interest Expense TTM 2.23m) >= 6 (WARN >= 3) |
Altman Z'' -2.46
| (A) 0.79 = (Total Current Assets 675.1m - Total Current Liabilities 75.0m) / Total Assets 756.6m |
| (B) -2.75 = Retained Earnings (Balance) -2.08b / Total Assets 756.6m |
| warn (B) unusual magnitude: -2.75 — check mapping/units |
| (C) -0.33 = EBIT TTM -297.6m / Avg Total Assets 903.0m |
| (D) 3.35 = Book Value of Equity 344.3m / Total Liabilities 102.8m |
| Total Rating: -2.46 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 27.82
| 1. Piotroski 0.0pt = -5.0 |
| 2. FCF Yield data missing |
| 3. FCF Margin data missing |
| 4. Debt/Equity 0.05 = 2.50 |
| 5. Debt/Ebitda -0.11 = -2.50 |
| 6. ROIC - WACC -48.52% = -12.50 |
| 7. RoE -40.98% = -2.50 |
| 8. Rev. Trend -11.04% = -0.55 |
| 9. Rev. CAGR -9.75% = -1.62 |
| 10. EPS Trend data missing |
| 11. EPS CAGR 0.0% = 0.0 |
What is the price of BLDP shares?
As of August 13, 2025, the stock is trading at USD 1.73 with a total of 5,861,448 shares traded.Over the past week, the price has changed by -6.99%, over one month by -6.99%, over three months by +23.57% and over the past year by -5.98%.
Is Ballard Power Systems a good stock to buy?
No, based on ValueRay´s Fundamental Analyses, Ballard Power Systems (NASDAQ:BLDP) is currently (August 2025) a stock to sell. It has a ValueRay Fundamental Rating of 27.82 and therefor a negative outlook according to the companies health.Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BLDP is around 1.27 USD . This means that BLDP is currently overvalued and has a potential downside of -26.59%.
Is BLDP a buy, sell or hold?
Ballard Power Systems has received a consensus analysts rating of 2.82. Therefor, it is recommend to hold BLDP.- Strong Buy: 2
- Buy: 0
- Hold: 11
- Sell: 1
- Strong Sell: 3
What are the forecasts for BLDP share price target?
According to our own proprietary Forecast Model, BLDP Ballard Power Systems will be worth about 1.4 in August 2026. The stock is currently trading at 1.73. This means that the stock has a potential downside of -17.92%.| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 2.6 | 49.7% |
| Analysts Target Price | 2.6 | 48.6% |
| ValueRay Target Price | 1.4 | -17.9% |
Last update: 2025-08-12 02:51
BLDP Fundamental Data Overview
CCE Cash And Equivalents = 578.8m USD (Cash And Short Term Investments, last quarter)
P/S = 7.7234
P/B = 0.8255
P/EG = -3426.67
Beta = 1.777
Revenue TTM = 70.7m USD
EBIT TTM = -297.6m USD
EBITDA TTM = -288.3m USD
Long Term Debt = 27.8m USD (from nonCurrentLiabilitiesTotal, last quarter)
Short Term Debt = 3.02m USD (from shortTermDebt, last quarter)
Debt = 30.8m USD (Calculated: Short Term 3.02m + Long Term 27.8m)
Net Debt = -553.4m USD (from netDebt column, last quarter)
Enterprise Value = -2.18m USD (545.8m + Debt 30.8m - CCE 578.8m)
Interest Coverage Ratio = -133.5 (Ebit TTM -297.6m / Interest Expense TTM 2.23m)
FCF Yield = -6212 % (FCF TTM -135.7m / Enterprise Value -2.18m)
FCF Margin = -192.1% (FCF TTM -135.7m / Revenue TTM 70.7m)
Net Margin = -430.2% (Net Income TTM -304.0m / Revenue TTM 70.7m)
Gross Margin = -32.00% ((Revenue TTM 70.7m - Cost of Revenue TTM 93.3m) / Revenue TTM)
Tobins Q-Ratio = -0.01 (set to none) (Enterprise Value -2.18m / Book Value Of Equity 344.3m)
Interest Expense / Debt = 1.67% (Interest Expense 516.0k / Debt 30.8m)
Taxrate = 21.0% (US default)
NOPAT = -297.6m (EBIT -297.6m, no tax applied on loss)
Current Ratio = 9.00 (Total Current Assets 675.1m / Total Current Liabilities 75.0m)
Debt / Equity = 0.05 (Debt 30.8m / last Quarter total Stockholder Equity 653.8m)
Debt / EBITDA = -0.11 (Net Debt -553.4m / EBITDA -288.3m)
Debt / FCF = -0.23 (Debt 30.8m / FCF TTM -135.7m)
Total Stockholder Equity = 741.8m (last 4 quarters mean)
RoA = -40.18% (Net Income -304.0m, Total Assets 756.6m )
RoE = -40.98% (Net Income TTM -304.0m / Total Stockholder Equity 741.8m)
RoCE = -38.66% (Ebit -297.6m / (Equity 741.8m + L.T.Debt 27.8m))
RoIC = -40.10% (NOPAT -297.6m / Invested Capital 742.1m)
WACC = 8.43% (E(545.8m)/V(576.6m) * Re(8.83%)) + (D(30.8m)/V(576.6m) * Rd(1.67%) * (1-Tc(0.21)))
Shares Correlation 5-Years: 100.0 | Cagr: 0.13%
Discount Rate = 8.83% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow -135.7m)
Revenue Correlation: -11.04 | Revenue CAGR: -9.75%
Revenue Growth Correlation: -34.95%
EPS Correlation: N/A | EPS CAGR: 0.0%
EPS Growth Correlation: -45.78%
Additional Sources for BLDP Stock
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Fund Manager Positions: Dataroma | Stockcircle