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StockVS

NASDAQ · Electrical Equipment & Parts · USD

Ballard Power Systems Inc. (BLDP) Stock Analysis

Ballard Power Systems Inc. (BLDP) is a Electrical Equipment & Parts stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

BLDP

$1.52

+$0.01 (+0.66%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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BLDP Key Statistics

As of Oct 21, 2026
Trading
Open
$1.55
Previous Close
$1.51
Day's Range
1.51–1.56
52-Week Range
1.68–6.57
Volume
2.10M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.85
Valuation
Market Cap
$596.85M
P/E Ratio
unprofitable
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
3.52
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
5.62
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.26
Financials (FY)
Revenue (FY)
$99.37M+42.50%
Net Income (FY)
−$90.91M
Profit marginThe share of revenue left as profit after all costs and taxes.
−72.78%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
351.09M
1-Year Return
−54.35%
Dividend and dates
Earnings Date
October 30, 2026
Avg Volume
3.81M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, BLDP closed at $1.52, −54.35% over 1 year.

Ballard Power Systems Inc. (BLDP) has a market capitalization of $596.85M.

In fiscal 2025, BLDP reported revenue of $99.37M.

BLDP Stock Return by Calendar Year

Ballard Power Systems Inc. (BLDP) 10-year return: what $10,000 became

1 year
$10,000 $4,565
−54.35%
5 years
$10,000 $933
−90.67%
10 years
$10,000 $7,037
−29.63%

If you had invested $10,000 in Ballard Power Systems Inc. (BLDP) 10 years ago, at the close on October 21, 2016, it would have been worth $7,037 at the close on October 21, 2026: −29.63% in total, −3.45% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−40.16%
2025+53.01%
2024−55.14%
2023−22.76%
2022−61.86%
2021−46.32%
2020+225.91%
2019+200.42%
2018−45.80%
2017+167.27%
2016 (partial year)−16.24%

As of October 21, 2026.

BLDP Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$99.37M−$90.91M−91.5%
2024$69.73M−$324.25M−465.0%
2023$102.37M−$177.72M−173.6%
2022$81.86M−$173.49M−211.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$99.37M$5.46M−$79.78M−$90.91M−91.5%
2024$69.73M−$21.98M−$153.49M−$324.25M−465.0%
2023$102.37M−$21.83M−$159.22M−$177.72M−173.6%
2022$81.86M−$13.31M−$142.02M−$173.49M−211.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

BLDP Valuation vs Electrical Equipment & Parts Median

Median of 56 stocks
MetricBLDPElectrical Equipment & Parts medianvs median
P/S ratio5.622.01180% above
Profit margin−72.78%−4.52%68.3 pts below

Medians across 56 Electrical Equipment & Parts stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 16 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Ballard Power Systems Inc. (BLDP) at $596.85M. It is classified in the Electrical Equipment & Parts industry, within the Industrials sector. The company reports 492 employees.

Over the past 52 weeks the price has ranged from $1.68 to $6.57. The most recent close on file for BLDP is $1.52, dated October 21, 2026. That is +$0.01 (+0.66%) against the previous close.

Financial Health

In fiscal 2025, Ballard Power Systems Inc. reported revenue of $99.37M. That is +42.50% against the prior fiscal year, when revenue was $69.73M. The same year closed with a net loss of $90.91M. The reported profit margin is −72.78%. That is 68.3 percentage points below the Electrical Equipment & Parts median of −4.52%. Trailing earnings per share are −0.26.

Across the 4 fiscal years on file, revenue moves from $81.86M in 2022 to $99.37M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The PEG ratio, which sets the P/E against expected earnings growth, reads 3.52. The price-to-sales ratio is 5.62. On price-to-sales that is 180.3% above the Electrical Equipment & Parts median of 2.01. The medians here are taken across 56 Electrical Equipment & Parts companies that report the metric.

The trailing one-year total return is −54.35%. Measured over 10 years, that is −3.45% a year compounded. The reported beta is 1.85. Daily returns over the trailing 10 years annualize to a volatility of 69.03%.

Growth & Income

The record shows no dividend for BLDP.

The strongest complete calendar year on file is 2020 at +225.91%; the weakest is 2022 at −61.86%. Of the 9 complete calendar years on file, 4 finished higher. So far in 2026 the total return is −40.16%.

Peer Comparison

Ballard Power Systems Inc. (BLDP) operates in the Electrical Equipment & Parts industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Ballard Power Systems Inc. BLDP $596.85M —
Vertiv Holdings Co VRT $81.68B 48.0
Bloom Energy Corporation BE $65.58B 293.0
Hubbell Incorporated HUBB $24.34B 27.3

The Electrical Equipment & Parts industry average P/E ratio is 33.0x. Ballard Power Systems Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Ballard Power Systems Inc.

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers products for various applications focusing on power products for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications. It also engages in the delivery of services, including technology solutions, after sales services, and training, as well as offers engineering and technology transfer services. The company operates in the United States, Poland, Canada, Germany, the United Kingdom, Egypt, Spain, China, the Netherlands, Denmark, France, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.

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