Several analysts have recently updated their ratings and price targets for Ballard Power Systems (NASDAQ: BLDP):
- 5/20/2026 – Ballard Power Systems had its price target raised by Susquehanna from $2.60 to $4.25. They now have a “neutral” rating on the stock.
- 5/6/2026 – Ballard Power Systems had its price target raised by Raymond James Financial, Inc. from $2.40 to $4.00. They now have a “market perform” rating on the stock.
- 5/6/2026 – Ballard Power Systems had its price target raised by National Bank Financial from $3.15 to $4.75. They now have a “sector perform” rating on the stock.
- 5/6/2026 – Ballard Power Systems had its price target raised by ATB Cormark Capital Markets from $3.50 to $4.30. They now have a “sector perform” rating on the stock.
- 5/6/2026 – Ballard Power Systems had its price target raised by BMO Capital Markets from $1.70 to $2.10. They now have an “underperform” rating on the stock.
- 5/6/2026 – Ballard Power Systems had its price target raised by TD Cowen from $2.50 to $4.25. They now have a “hold” rating on the stock.
- 5/5/2026 – Ballard Power Systems was upgraded by Lake Street Capital from “hold” to “buy”. They now have a $5.00 price target on the stock, up from $3.00.
- 4/20/2026 – Ballard Power Systems had its “sell (d-)” rating reaffirmed by Weiss Ratings.
- 3/27/2026 – Ballard Power Systems had its price target raised by Wells Fargo & Company from $1.50 to $2.00. They now have an “underweight” rating on the stock.
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.
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