Ballard Power Systems Inc.

Ballard Power Systems Inc.

1.33
EUR
+0.00
(-0.37%)
-0.23EPS
977.48MMarket Cap
Nov 16Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.61
0.54
0.4
0.52
0.69
0.52
0.45
0.42
0.35
0.27
0.34
0.23
0.33
0.36
Basic EPS, GAAP
-0.2
-0.22
-0.05
-0.13
-0.05
-0.15
-0.17
-0.21
-0.39
-0.58
-0.6
-1.08
-0.3
-0.26
Free Cash Flow per Basic Share
-0.18
-0.2
-0.21
-0.07
-0.09
-0.22
-0.12
-0.22
-0.32
-0.56
-0.49
-0.45
-0.22
-0.12
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.65
0.62
0.73
0.71
0.67
1.22
1.07
3.19
4.46
3.88
3.32
2.25
1.96
1.86
Tangible Book Value per Share
0.3
0.16
0.37
0.38
0.34
1.01
0.87
3.04
4.18
3.65
3.18
2.24
1.96
1.86
Basic Weighted Avg Shares
100
127
140
163
176
186
233
248
295
298
299
299
300
299
Sales/Revenue/Turnover
61
69
56
85
121
97
106
104
105
82
102
70
99
106
Operating Margin (%)
-30.21
-31.67
-42.96
-18.5
-3.28
-20.91
-22.28
-39.36
-83.94
-173.49
-155.54
-220.12
-80.28
-46.94
Depreciation Expense
6
6
4
5
5
5
8
8
10
14
14
12
4
4
Net Income, GAAP
-20
-28
-7
-22
-8
-27
-39
-51
-114
-173
-178
-324
-91
-77
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-32.59
-40.55
-11.64
-25.43
-6.64
-28.29
-36.94
-49.46
-109.31
-211.94
-173.61
-464.99
-91.49
-72.78
Working Capital
34
26
57
65
63
214
165
802
1,146
955
794
623
540
519
LT Debt
11
9
7
6
6
5
17
15
14
12
13
21
19
16
Total Equity
70
79
112
122
120
283
250
901
1,328
1,159
991
673
590
560
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-29.78
-36.29
-6.7
-18.13
-6.58
-13.58
-14.66
-8.93
-10.25
-13.95
-16.53
-38.97
-14.4
-12.92

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3
3
3
LT Borrowings
- -
- -
- -
LT Finance Leases
19
17
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
301
301
302
Market Capitalization
763
701
1,117

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
601
584
570
Cash, Cash Equivalents & STI
531
521
505
Accounts Receivable, Net
21
13
17
Inventories
44
44
42
Total Current Liabilities
61
55
51
Payables & Accruals
24
22
23
ST Debt
3
3
3
Deferred Revenue
8
7
6

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
36.76%
-4.85%
-12.34%
Free Cash Flow
28.45%
15.03%
-51.11%
Net Income, GAAP
66.81%
37.43%
-71.96%
Sales/Revenue/Turnover
9.52%
2.92%
42.5%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14
16
15
25
70
2025
15
18
33
34
99
2026
19
21
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.14
-0.11
-0.68
-0.16
-1.08
2025
-0.07
-0.08
-0.09
-0.06
-0.3
2026
-0.04
-0.07
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Marty T. Neese
Full Time Employees
492
Sector
Producer manufacturing
Industry
Electrical products
Address
9000 Glenlyon Parkway Burnaby BC Canada V5J 5J8
IPO Date
Jun 15, 1993
Business
Ballard Power Systems Inc. designs, develops, manufactures, sells, and services proton exchange membrane (PEM) fuel cell products primarily for heavy-duty motive markets including buses, trucks, rail, and marine applications, as well as stationary power and material handling sectors. Its core product portfolio includes heavy-duty fuel cell modules under the FCmove™ brand, fuel cell stacks like the FCgen®-HPS series, and related product solutions encompassing consultancy services, product integration support, customization programs, and training. Ballard targets global markets, with significant operations in North America, Europe, China, and other regions, focusing on zero-emission power solutions that offer high power density, durability, and reliability for demanding duty cycles. Founded in 1979 and headquartered in Burnaby, British Columbia, Canada, the company maintains strategic partnerships such as the notable alliance with Weichai Power to supply fuel cell systems for the Chinese market. In the last 1-2 years, Ballard has made significant operational and strategic advances including a record-breaking 2024 with $113 million in new order intake, elevating its year-end order backlog to $173.5 million. In 2025, it reported substantial revenue growth and loss reduction, driven by strong deliveries in bus and rail sectors across North America and Europe. The company achieved a 15% gross margin supported by product cost reductions and contract provision improvements. Ballard continued restructuring, lowering operating expenses and capital expenditures significantly. Notable recent developments include securing major marine orders, expanding product customization with multiple generations of fuel cell systems, and maintaining certified solutions for automotive, rail, and marine applications. It holds investments in hydrogen infrastructure funds in Europe and has been actively supporting clean energy projects and expanding its technological and service offerings globally. These efforts underscore Ballard’s commitment to scaling zero-emission fuel cell technologies and accelerating sustainable mobility worldwide.

Company News

  • Review of the Ballard Forum

  • Ballard and GeoPura put clean energy center stage in a hydrogen-powered summer of music and sport

  • Ballard Announces Q3 2026 Results Conference Call

  • Ballard Announces Q3 2026 Results Conference Call

  • Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania

  • Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania

  • 3 Hydrogen Stocks Worth Watching This October

  • Ballard launches Fleet360 services for new North American FCmove®-HD+ fleets at APTA EXPO 2026

  • LeGrand (OTCMKTS:LGRDY) & Ballard Power Systems (NASDAQ:BLDP) Financial Survey

  • BE vs. BLDP: Which Clean Energy Stock Has Stronger Growth Potential?

  • Ballard finalise l'acquisition de GeoPura et devient ainsi un fournisseur intégré de solutions énergétiques à l'hydrogène

  • Ballard closes acquisition of GeoPura, becoming an integrated hydrogen energy solutions provider

  • Ballard Power Systems, Inc. (NASDAQ:BLDP) Short Interest Update

  • Dimensional Fund Advisors LP Has $4.43 Million Position in Ballard Power Systems, Inc. $BLDP

  • Ballard Power Systems: Progress Hasn't Mitigated Uncertainties

  • Ballard Power Systems Q2 Earnings Call Highlights

  • Ballard Power Systems (BLDP) Reports Q2 Loss, Lags Revenue Estimates

  • Ballard Reports Q2 2026 Results

  • Has Ballard Power Systems (BLDP) Outpaced Other Utilities Stocks This Year?

  • Ballard Power Systems (BLDP) Expected to Beat Earnings Estimates: Should You Buy?