BLDP

Ballard Power Systems Inc.
NasdaqGMUSDEQUITY Industrials DELAYED
Last price
2.06
▲ 0.00 (0.15%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
2.10
Prev close
2.06
Day high
2.11
Day low
2.06
Volume
1.95M
Market cap
$723.25M
P/E (TTM)
—
52W range
1.92 – 6.57

Day trading desk

Current session · delayed
Gap from prior close
+1.94%
Prior close 2.06
VWAP
2.08
-0.81% from price
Relative volume
0.43×
Quiet session
Session range
2.43%
2.06 – 2.11
Position in range
6%
Near session low
ATR (14D)
0.08
3.98% of price
Prior day high
2.07
PDH
Prior day low
1.99
PDL
Bid / ask spread
—
Quote not published
Session volume
1.72M
Avg 3.96M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-1.90% -3.9%
1M
-11.97% -13.1%
3M
-36.22% -40.7%
6M
-14.17% -32.4%
YTD
-18.90% -33.1%
1Y
-41.64% -58.1%
3Y
-43.87% -126.1%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on BLDP open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
38.37M
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 8, 26
Igbalode (Kate Renee)
Senior Officer of Issuer
EXERCISE 16.13K $38.23K Direct
Sep 7, 26
Elmer (Theo Lucian Savage)
Senior Officer of Issuer
— 0 — Direct
Aug 21, 26
Cunningham (Andrew)
Director of Issuer
— 0 — Direct
Aug 21, 26
Harrington (Richard Irwin)
Director of Issuer
— 0 — Direct
Jul 6, 26
Weichai Power Company Ltd.
10% Security Holder of Issuer
SELL 151.35K $537.90K Indirect
Jul 6, 26
Weichai Power Hong Kong International Development Co Ltd.
10% Security Holder of Issuer
SELL 151.35K $537.90K Direct
May 15, 26
Weichai Power Company Ltd.
10% Security Holder of Issuer
SELL 3.90M $15.86M Indirect
May 15, 26
Weichai Power Hong Kong International Development Co Ltd.
10% Security Holder of Issuer
SELL 3.90M $15.86M Direct
May 14, 26
Weichai Power Company Ltd.
10% Security Holder of Issuer
SELL 923.00K $3.80M Indirect
May 14, 26
Weichai Power Hong Kong International Development Co Ltd.
10% Security Holder of Issuer
SELL 923.00K $3.80M Direct
May 13, 26
Weichai Power Company Ltd.
10% Security Holder of Issuer
SELL 3.33M $13.90M Indirect
May 13, 26
Weichai Power Hong Kong International Development Co Ltd.
10% Security Holder of Issuer
SELL 3.33M $13.90M Direct
May 12, 26
Weichai Power Company Ltd.
10% Security Holder of Issuer
SELL 2.37M $9.99M Indirect
May 12, 26
Weichai Power Hong Kong International Development Co Ltd.
10% Security Holder of Issuer
SELL 2.37M $9.99M Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
Colbow (Kevin Michael)
Senior Officer of Issuer 81.67K Exercise of rights
Cunningham (Andrew)
Director of Issuer 13.31M Opening Balance-Initial SEDI Report
Harrington (Richard Irwin)
Director of Issuer 152.62K Opening Balance-Initial SEDI Report
Igbalode (Kate Renee)
Senior Officer of Issuer 21.89K Exercise of rights
Robinett (Ralph)
Senior Officer of Issuer 14.31K Opening Balance-Initial SEDI Report
Sidhu (Sarbjot)
Senior Officer of Issuer 44.72K Exercise of rights
Sweetland (Lee Alan)
Senior Officer of Issuer 40.79K Exercise of rights
Uluc (Oben)
Senior Officer of Issuer 29.42K Exercise of rights
Weichai Power Company Ltd.
10% Security Holder of Issuer — Acquisition or disposition in the public market
Weichai Power Hong Kong International Development Co Ltd.
10% Security Holder of Issuer 30.95M Acquisition or disposition in the public market

Fundamentals

TTM · reported
Market cap$723.25M
Enterprise value$135.64M
Revenue (TTM)$106.16M
Gross profit$17.41M
EBITDA$-49.86M
Net income$-77.27M
EPS (TTM)$-0.26
Free cash flow$-22.50M
Total cash$505.15M
Total debt$19.69M
Book value / share$1.86
Shares outstanding351.09M
Float263.12M
Short % of float5.96%
Dividend yield0.00%
Beta (5Y)1.85

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E-17.17
PEG ratio3.52
Price / sales—
Price / book1.11
EV / revenue1.28
EV / EBITDA-2.72
Gross margin16.40%
Operating margin-62.03%
Profit margin-72.78%
Return on equity-12.92%
Return on assets-4.55%
Debt / equity3.52
Current ratio11.19
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $99.37M$69.73M$102.37M$81.86M +42.5%
Operating revenue $99.37M$69.73M$102.37M$81.86M +42.5%
Cost of revenue $93.91M$91.71M$124.20M$95.17M +2.4%
Gross profit $5.46M-$21.98M-$21.83M-$13.31M +124.8%
Research & development $58.74M$94.49M$98.31M$89.72M -37.8%
Selling, general & admin $26.50M$37.02M$38.98M$38.89M -28.4%
Total operating expense $85.24M$131.51M$137.39M$128.71M -35.2%
Operating income -$79.78M-$153.49M-$159.22M-$142.02M +48.0%
Net interest income -$1.23M-$2.17M-$1.21M-$1.45M +43.4%
Pre-tax income -$90.86M-$323.41M-$144.05M-$160.33M +71.9%
Tax provision $51.00K$121.00K$158.00K$42.00K -57.9%
Net income -$90.91M-$324.25M-$177.72M-$173.49M +72.0%
Net income to common -$90.91M-$324.25M-$177.72M-$173.49M +72.0%
Basic EPS -0.30-1.08-0.59-0.58 +72.2%
Diluted EPS -0.30-1.08-0.59-0.58 +72.2%
EBIT -$88.96M-$321.26M-$142.95M-$159.06M +72.3%
EBITDA -$84.83M-$309.29M-$129.42M-$145.29M +72.6%
Basic shares 300.16M299.31M298.66M298.09M +0.3%
Diluted shares 300.16M299.31M298.66M298.09M +0.3%

Options analytics

Account required
Put / call volume
0.61
Call-heavy session
Put / call open interest
0.13
Positioning, not flow
Max pain
2.00
-2.9% from spot
ATM implied vol
87.5%
Nearest strike to spot
Skew (10% OTM)
-31.2%
Calls bid over puts
Call volume
28
Contracts, this expiry
Put volume
17
Contracts, this expiry
Heaviest call OI
3.00
1.90K contracts
Heaviest put OI
2.00
220 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 -0.05-0.04 +16.7%
Mar 2026 -0.06-0.04 +24.1%
Dec 2025 -0.08-0.04 +46.7%
Sep 2025 -0.10-0.09 +6.7%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -0.03 5 $30.13M -7.3%
Next quarter -0.03 2 $35.69M +6.2%
Current year -0.14 1 $105.85M +6.5%
Next year -0.12 2 $143.14M +35.2%

Analyst targets & ownership

Account required
Mean target$3.65
High target$6.50
Low target$2.10
Implied upside77.03%
Analyst count9
ConsensusHOLD
Strong buy / Buy0 / 3
Hold7
Sell / Strong sell1 / 0
Held by insiders12.72%
Held by institutions33.28%
Institutions holding256
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
2.08
-1.00% from price
SMA 20
2.14
-3.78% from price
SMA 50
2.35
-12.25% from price
SMA 100
3.27
-36.82% from price
SMA 200
2.97
-30.71% from price
EMA 12
2.10
-1.63% from price
EMA 26
2.19
-5.98% from price
EMA 50
2.42
-14.88% from price
RSI (14)
36.8
Neutral
MACD (12,26,9)
-0.10
Hist 0.01
ATR (14)
0.08
3.99% of price
Realised vol 30D
35.8%
Annualised
Bollinger upper
2.31
20, 2σ
Bollinger lower
1.98
20, 2σ
50 / 200 cross
Death
2.35 vs 2.97
Trend bias
Below 200
-30.71%

Options chain

Account required
Expiry
Spot 2.06
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
2.73
More volatile than market
Correlation to SPY
0.47
Loosely linked
Realised vol 30D
35.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-68.3%
Peak to trough
Max drawdown 5Y
-94.7%
Peak to trough
ATR 14
0.08
3.99% of price
Beta (reported)
1.85
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
20.90M
Prior 18.06M
Change vs prior
+15.7%
Shorts adding
% of float
5.96%
Normal
% of shares out
5.95%
Against total outstanding
Days to cover
7.1
Crowded exit
Float
263.12M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

107 on file
DateFirm ActionFromTo
Sep 30, 26 UBS MAINTAINED Neutral Neutral
Aug 10, 26 Susquehanna MAINTAINED Neutral Neutral
Jul 10, 26 Susquehanna MAINTAINED Neutral Neutral
May 20, 26 Susquehanna MAINTAINED Neutral Neutral
May 6, 26 TD Cowen MAINTAINED Hold Hold
May 5, 26 Lake Street UPGRADE Hold Buy
Mar 27, 26 Wells Fargo MAINTAINED Underweight Underweight
Oct 22, 25 UBS MAINTAINED Neutral Neutral
Oct 13, 25 Susquehanna MAINTAINED Neutral Neutral
Aug 13, 25 Wells Fargo MAINTAINED Underweight Underweight
Aug 12, 25 Roth Capital MAINTAINED Neutral Neutral
Aug 12, 25 BMO Capital MAINTAINED Underperform Underperform

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split3:1
Split dateJun 3, 1998

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.