Ballard Power Systems (NASDAQ:BLDP) Reaches New 1-Year High – Time to Buy?

Posted by George Bondi on May 28th, 2026

Shares of Ballard Power Systems, Inc. (NASDAQ:BLDP – Get Free Report) (TSE:BLD) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.34 and last traded at $6.3440, with a volume of 4314087 shares trading hands. The stock had previously closed at $6.09.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BLDP. Lake Street Capital upgraded shares of Ballard Power Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $3.00 to $5.00 in a report on Tuesday, May 5th. Raymond James Financial upped their price target on shares of Ballard Power Systems from $2.40 to $4.00 and gave the company a “market perform” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Ballard Power Systems in a report on Monday, April 20th. Susquehanna upped their price target on shares of Ballard Power Systems from $2.60 to $4.25 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Finally, BMO Capital Markets upped their price target on shares of Ballard Power Systems from $1.70 to $2.10 and gave the company an “underperform” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $3.59.

View Our Latest Report on Ballard Power Systems

Ballard Power Systems Price Performance

The stock has a market cap of $1.90 billion, a P/E ratio of -23.28 and a beta of 1.94. The company has a current ratio of 10.70, a quick ratio of 9.90 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $3.45 and its 200-day simple moving average is $2.87.

Ballard Power Systems (NASDAQ:BLDP – Get Free Report) (TSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The company 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%. As a group, sell-side analysts forecast that Ballard Power Systems, Inc. will post -0.19 EPS for the current year.

Institutional Investors Weigh In On Ballard Power Systems

Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. raised its holdings in shares of Ballard Power Systems by 228.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,000 shares of the technology company’s stock worth $25,000 after buying an additional 6,952 shares in the last quarter. Swiss Life Asset Management Ltd bought a new stake in Ballard Power Systems in the fourth quarter valued at $26,000. Ground Swell Capital LLC acquired a new position in Ballard Power Systems during the first quarter worth $26,000. Intesa Sanpaolo S.p.A. bought a new position in shares of Ballard Power Systems during the fourth quarter valued at $28,000. Finally, Cetera Investment Advisers bought a new position in shares of Ballard Power Systems during the first quarter valued at $33,000. 28.02% of the stock is owned by institutional investors and hedge funds.

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.