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BLDP NASDAQ CA

Ballard Power Systems, Inc. - Common Shares

Industrials · Electrical Equipment Website · IPO Jun 1993
$2.48
▲ +$0.07 (+2.90%)
Vol 1.8M
4
Quality Score
fail
Mkt Cap
$1.1B
ROE
-18.7%
Margin
-132.8%
D/E
3.72
Beta
1.90
52W
$1–$6

Wall Street Consensus

9 analysts · Apr 2023
0
Strong Buy
0
Buy
3
Hold
4
Sell
2
Strong Sell
0.0%
Buy Rating

Price Chart

Earnings

Beat rate: 80.0%
Quarter EPS Est EPS Act Surprise
Dec 2025 $-0.08 $-0.06 +$0.02
Sep 2025 $-0.11 $-0.09 +$0.02
Jun 2025 $-0.10 $-0.08 +$0.02
Mar 2025 $-0.11 $-0.07 +$0.04

Quarterly Revenue & Earnings

Quarter 2024-0… 2024-1… 2025-0… 2025-0… 2025-0… 2025-1…
Revenue $24.5M $15.4M $17.8M $32.5M $33.6M
Net Income -$46.5M -$21.0M -$24.3M -$28.1M -$17.5M

Fundamentals Trend

Metric 2025-06-30 2025-09-02 2025-10-02 2025-11-03 2025-12-03 2026-01-02
ROE (TTM) -44.3% -41.0% -44.3% -44.3% -18.7% -18.7%
P/E (TTM)
Net Margin -136.1% -430.2% -409.4% -409.4% -132.8% -132.8%
Gross Margin -8.4% -28.6% -22.8% -22.8% -3.7% -3.7%
D/E Ratio 3.73 3.56 3.73 3.73 3.72 3.72
Current Ratio 9.31 9.00 9.31 9.31 8.33 8.33

Key Ratios

ROA (TTM)
-16.1%
P/S (TTM)
8.50
P/B
0.8
EPS (TTM)
$-0.40
CF/Share
$-0.68
Rev Growth 3Y
-12.6%
52W High
$5.75
52W Low
$1.44
$1.44 52-Week Range $5.75

Financial Health

Free Cash Flow
$7.6M
Net Debt
-$504.9M
Cash
$527.1M
Total Debt
$22.1M
As of Dec 31, 2025

How does BLDP compare to Electrical Equipment peers?

Peer group: Small-cap Electrical Equipment ($300M+) · 62 companies

BLDP valuation vs Electrical Equipment peers

P/E ratio
0% below peers (28.4)
vs Peers
vs Industry
Overvalued
P/S ratio
8.5
151% above peers (3.4)
vs Peers
vs Industry
Overvalued
P/B ratio
0.8
74% below peers (3.0)
vs Peers
vs Industry
Undervalued
Div yield
0% below peers (0.9%)
vs Peers
vs Industry
Low yield

BLDP profitability vs Electrical Equipment peers

ROE
-18.7%
380% below peers (6.7%)
vs Peers
vs Industry
Weak
Net margin
-132.8%
4276% below peers (3.2%)
vs Peers
vs Industry
Weak
Gross margin
-3.7%
114% below peers (26.8%)
vs Peers
vs Industry
Weak
ROA
-16.1%
541% below peers (3.7%)
vs Peers
vs Industry
Weak

BLDP financial health vs Electrical Equipment peers

D/E ratio
3.7
82% below peers (21.3)
vs Peers
vs Industry
Low debt
Current ratio
8.3
275% above peers (2.2)
vs Peers
vs Industry
Strong liquidity
Beta
1.9
30% above peers (1.5)
vs Peers
vs Industry
More volatile

BLDP fundamentals radar

BLDP Peer median Industry

BLDP profitability vs leverage

Bubble size = market cap · X = net margin · Y = D/E ratio

BLDP vs peers: key metrics

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