Ballard Power Systems (BLDP)

• Market cap: $395M
• 1 day: 3.13%
• 5 days: 7.32%
• 1 month: -10.20%
• 3 months: -17.50%
• 6 months: -20.48%
• Year to date: -28.26%
• 1 year: -51.65%
• 5 years: -83.18%
• 10 years: -36.54%
• Sector: Industrials
• Industry: Electrical Industrial Apparatus

About: Ballard Power Systems Inc is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the US, Europe, and China.

Employees: 1,173

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

153% more call options, than puts

Call options by funds: $669K | Put options by funds: $264K

50% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 20

6% more funds holding

Funds holding: 143 [Q3] → 151 (+8) [Q4]

1.05% more ownership

Funds ownership: 20.17% [Q3] → 21.22% (+1.05%) [Q4]

2% less capital invested

Capital invested by funds: $108M [Q3] → $106M (-$2.24M) [Q4]

12% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 43

Research analyst outlook

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

• Low target: $1.20 9% downside
• Avg. target: $1.23 7% downside
• High target: $1.25 5% downside

2 analyst ratings

• positive: 0 0%
• neutral: 1 50%
• negative: 1 50%

Roth MKM Craig Irwin 23% 1-year accuracy 5 / 22 met price target	5% downside $1.25	Neutral Maintained	14 Mar 2025
BMO Capital Ameet Thakkar 36% 1-year accuracy 5 / 14 met price target	9% downside $1.20	Underperform Maintained	14 Mar 2025