Ballard Power Systems (BLDP)

• Market cap: $622M
• 1 day: 0.98%
• 5 days: 1.47%
• 1 month: 19.65%
• 3 months: 23.95%
• 6 months: 68.29%
• Year to date: 12.5%
• 1 year: 20.35%
• 5 years: -85.65%
• 10 years: 56.82%
• Sector: Industrials
• Industry: Specialty Industrial Machinery

About: Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from Poland followed by United States, United Kingdom, and other countries.

Employees: 887

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

89% more capital invested

Capital invested by funds: $62.5M [Q1] → $118M (+$55.5M) [Q2]

5.79% more ownership

Funds ownership: 18.94% [Q1] → 24.73% (+5.79%) [Q2]

2% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 42

4% less call options, than puts

Call options by funds: $118K | Put options by funds: $123K

12% less funds holding

Funds holding: 145 [Q1] → 128 (-17) [Q2]

56% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 27

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $1.1
• Avg. target: $1.6
• High target: $2

4 analyst ratings

• positive: 0 0%
• neutral: 2 50%
• negative: 2 50%

Wells Fargo Praneeth Satish	$1.5	Underweight Maintained	13 Aug 2025
Roth Capital Craig Irwin	$1.8	Neutral Maintained	12 Aug 2025
BMO Capital Ameet Thakkar	$1.1	Underperform Maintained	12 Aug 2025
Susquehanna Biju Perincheril	$2	Neutral Maintained	21 Jul 2025