Ballard Power Systems (NASDAQ:BLDP) Trading 8.7% Higher – Here’s Why

Posted by Brenda Bartman on May 17th, 2026

Ballard Power Systems, Inc. (NASDAQ:BLDP – Get Free Report) (TSE:BLD)’s share price traded up 8.7% during trading on Friday . The company traded as high as $4.45 and last traded at $4.4890. 17,752,967 shares were traded during trading, an increase of 312% from the average session volume of 4,311,874 shares. The stock had previously closed at $4.13.

Analyst Ratings Changes

A number of analysts recently commented on the company. National Bank Financial lifted their price target on Ballard Power Systems from $3.15 to $4.75 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. BMO Capital Markets boosted their target price on Ballard Power Systems from $1.70 to $2.10 and gave the company an “underperform” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Ballard Power Systems in a research note on Monday, April 20th. Lake Street Capital upgraded Ballard Power Systems from a “hold” rating to a “buy” rating and boosted their target price for the company from $3.00 to $5.00 in a research note on Tuesday, May 5th. Finally, ATB Cormark Capital Markets boosted their target price on Ballard Power Systems from $3.50 to $4.30 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $3.51.

Check Out Our Latest Analysis on BLDP

Ballard Power Systems Price Performance

The stock has a market cap of $1.34 billion, a PE ratio of -16.48 and a beta of 1.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.70 and a quick ratio of 9.90. The firm’s 50 day moving average price is $2.96 and its two-hundred day moving average price is $2.78.

Ballard Power Systems (NASDAQ:BLDP – Get Free Report) (TSE:BLD) last posted its earnings results on Tuesday, May 5th. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The firm had revenue of $18.98 million during the quarter, compared to the consensus estimate of $19.88 million. Ballard Power Systems had a negative net margin of 78.60% and a negative return on equity of 13.48%. On average, research analysts expect that Ballard Power Systems, Inc. will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Ballard Power Systems

Several hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its position in shares of Ballard Power Systems by 228.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 10,000 shares of the technology company’s stock valued at $25,000 after purchasing an additional 6,952 shares in the last quarter. Amundi grew its position in shares of Ballard Power Systems by 16.1% in the first quarter. Amundi now owns 68,140 shares of the technology company’s stock valued at $74,000 after purchasing an additional 9,454 shares in the last quarter. Vontobel Holding Ltd. grew its position in shares of Ballard Power Systems by 27.7% in the fourth quarter. Vontobel Holding Ltd. now owns 46,097 shares of the technology company’s stock valued at $118,000 after purchasing an additional 10,000 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in shares of Ballard Power Systems in the fourth quarter valued at $26,000. Finally, Ground Swell Capital LLC purchased a new position in shares of Ballard Power Systems in the first quarter valued at $26,000. 28.02% of the stock is currently owned by hedge funds and other institutional investors.

About Ballard Power Systems

(Get Free Report)

Ballard Power Systems (NASDAQ:BLDP) is a Canadian technology company specializing in the development and manufacture of proton exchange membrane (PEM) fuel cell products. Headquartered in Vancouver, British Columbia, Ballard designs and sells fuel cell stacks and modules that enable zero-emission power generation for a variety of applications, including heavy-duty motive systems, backup power, material handling equipment, and portable power solutions.

Since its founding in 1979, Ballard has built a strong intellectual property portfolio and a track record of innovation in PEM fuel cell technology.