BLDP.TO
Ballard Power Systems Inc.
TorontoCADEQUITY
DELAYED
Last price
3.31
▲ 0.03 (0.91%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
3.32
Prev close
3.28
Day high
3.36
Day low
3.27
Volume
639.24K
Market cap
—
P/E (TTM)
—
52W range
2.53 – 9.08
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-11.50%
-10.1%
1M
-24.26%
-28.0%
3M
-56.79%
-59.9%
6M
+13.75%
+2.7%
YTD
-5.43%
-17.7%
1Y
+25.38%
+5.4%
3Y
-41.62%
-115.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| 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 | 303.00M | 299.31M | 298.66M | 299.14M | +1.2% |
| Diluted shares | 303.00M | 299.31M | 298.66M | 299.14M | +1.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $527.05M | $603.95M | $751.13M | $913.73M | -12.7% |
| Cash & short-term investments | $531.25M | $606.05M | $753.24M | $915.74M | -12.3% |
| Accounts receivable | $20.77M | $24.18M | $37.49M | $25.81M | -14.1% |
| Inventory | $43.77M | $56.42M | $45.87M | $58.05M | -22.4% |
| Total current assets | $601.43M | $698.88M | $864.74M | $1.03B | -13.9% |
| Property, plant & equipment | $32.20M | $30.42M | $116.33M | $82.36M | +5.8% |
| Goodwill & intangibles | $248.00K | $1.76M | $41.68M | $69.48M | -85.9% |
| Total assets | $682.39M | $777.31M | $1.08B | $1.25B | -12.2% |
| Total current liabilities | $60.99M | $75.59M | $70.59M | $73.17M | -19.3% |
| Total debt | $22.14M | $23.89M | $17.90M | $15.73M | -7.3% |
| Total liabilities | $92.46M | $104.32M | $86.33M | $88.17M | -11.4% |
| Retained earnings | -$2.15B | -$2.06B | -$1.74B | -$1.56B | -4.4% |
| Shareholder equity | $589.93M | $672.99M | $991.22M | $1.16B | -12.3% |
| Working capital | $540.44M | $623.29M | $794.15M | $955.34M | -13.3% |
| Net tangible assets | $589.68M | $671.23M | $949.53M | $1.09B | -12.1% |
| Shares issued | 300.78M | 299.44M | 298.94M | 298.39M | +0.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$90.91M | -$324.25M | -$177.72M | -$173.49M | +72.0% |
| Depreciation & amortisation | $4.13M | $11.97M | $13.53M | $13.77M | -65.5% |
| Stock-based compensation | $6.34M | $7.46M | $10.96M | $9.41M | -15.0% |
| Change in working capital | $18.05M | $5.24M | -$17.09M | -$17.94M | +244.7% |
| Operating cash flow | -$56.17M | -$108.10M | -$104.57M | -$132.17M | +48.0% |
| Capital expenditure | -$10.18M | -$27.62M | -$41.37M | -$34.48M | +63.1% |
| Investing cash flow | -$20.94M | -$36.51M | -$54.28M | -$75.56M | +42.6% |
| Financing cash flow | -$2.58M | -$1.53M | -$3.68M | -$2.41M | -68.9% |
| Free cash flow | -$66.35M | -$135.72M | -$145.94M | -$166.65M | +51.1% |
| End cash position | $527.05M | $603.95M | $751.13M | $913.73M | -12.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $20.60M | $19.42M | $33.64M | $32.50M | $17.84M | — | +6.1% |
| Operating revenue | $20.60M | $19.42M | $33.64M | $32.50M | $17.84M | — | +6.1% |
| Cost of revenue | $16.52M | $16.66M | $28.04M | $27.54M | $19.34M | — | -0.8% |
| Gross profit | $4.08M | $2.76M | $5.60M | $4.96M | -$1.50M | — | +47.7% |
| Research & development | $10.37M | $9.36M | $10.94M | $11.52M | $18.18M | — | +10.8% |
| Selling, general & admin | $6.39M | $6.47M | $6.47M | $5.72M | $7.19M | — | -1.3% |
| Total operating expense | $16.76M | $15.83M | $17.41M | $17.24M | $25.36M | — | +5.8% |
| Operating income | -$12.68M | -$13.07M | -$11.81M | -$12.28M | -$26.86M | — | +3.0% |
| Net interest income | -$421.00K | -$441.00K | $69.00K | -$461.00K | -$495.00K | — | +4.5% |
| Pre-tax income | -$20.25M | -$11.39M | -$17.50M | -$28.07M | -$24.26M | — | -77.8% |
| Tax provision | $23.00K | — | $27.00K | $0 | $24.00K | $0 | — |
| Net income | -$20.28M | -$11.39M | -$17.53M | -$28.07M | -$24.28M | — | -78.0% |
| Net income to common | -$20.28M | -$11.39M | -$17.53M | -$28.07M | -$24.28M | — | -78.0% |
| Basic EPS | — | -0.04 | -0.06 | -0.09 | -0.08 | -0.07 | — |
| Diluted EPS | — | -0.04 | -0.06 | -0.09 | -0.08 | -0.07 | — |
| EBIT | -$19.83M | -$10.95M | -$17.05M | -$27.62M | -$23.76M | — | -81.1% |
| EBITDA | -$18.83M | -$9.96M | -$15.91M | -$26.58M | -$22.80M | — | -89.0% |
| Basic shares | — | 300.93M | 291.67M | 300.51M | 299.84M | 299.52M | — |
| Diluted shares | — | 300.93M | 291.67M | 300.51M | 299.84M | 299.52M | — |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $502.10M | $516.77M | $527.05M | $525.74M | $550.03M | -2.8% |
| Cash & short-term investments | $505.15M | $520.86M | $531.25M | $527.85M | $552.14M | -3.0% |
| Accounts receivable | $16.84M | $13.23M | $20.77M | $28.07M | $15.87M | +27.3% |
| Inventory | $42.34M | $43.80M | $43.77M | $59.87M | $68.87M | -3.3% |
| Total current assets | $569.75M | $583.88M | $601.43M | $623.45M | $647.32M | -2.4% |
| Property, plant & equipment | $31.59M | $31.52M | $32.20M | $30.29M | $28.90M | +0.2% |
| Goodwill & intangibles | $33.00K | $151.00K | $248.00K | $1.55M | $1.76M | -78.1% |
| Total assets | $643.89M | $663.10M | $682.39M | $710.46M | $735.86M | -2.9% |
| Total current liabilities | $50.92M | $54.56M | $60.99M | $74.81M | $69.54M | -6.7% |
| Total debt | $19.69M | $20.93M | $22.14M | $22.56M | $23.73M | -5.9% |
| Total liabilities | $84.16M | $85.15M | $92.46M | $103.64M | $99.91M | -1.2% |
| Retained earnings | -$2.18B | -$2.16B | -$2.15B | -$2.13B | -$2.11B | -0.9% |
| Shareholder equity | $559.74M | $577.95M | $589.93M | $606.82M | $635.95M | -3.2% |
| Working capital | $518.83M | $529.32M | $540.44M | $548.64M | $577.78M | -2.0% |
| Net tangible assets | $559.70M | $577.80M | $589.68M | $605.28M | $634.18M | -3.1% |
| Shares issued | 301.51M | 301.48M | 300.78M | 300.58M | 299.87M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$20.28M | -$11.39M | -$17.53M | -$28.07M | -$24.28M | -78.0% |
| Depreciation & amortisation | $1.00M | $987.00K | $1.14M | $1.03M | $964.00K | +1.6% |
| Stock-based compensation | $2.05M | $1.30M | $96.00K | -$412.00K | $4.79M | +57.3% |
| Change in working capital | -$1.09M | $35.00K | $16.79M | $3.48M | $490.00K | -3,211.4% |
| Operating cash flow | -$11.39M | -$7.81M | $11.43M | -$22.86M | -$20.34M | -45.9% |
| Capital expenditure | -$835.00K | -$589.00K | -$3.78M | -$1.40M | -$2.34M | -41.8% |
| Investing cash flow | -$2.55M | -$1.40M | -$9.73M | -$1.43M | -$7.05M | -82.9% |
| Financing cash flow | -$681.00K | -$831.00K | -$358.00K | -$740.00K | -$797.00K | +18.1% |
| Free cash flow | -$12.23M | -$8.40M | $7.65M | -$24.25M | -$22.68M | -45.6% |
| End cash position | $502.10M | $516.77M | $527.05M | $525.74M | $550.03M | -2.8% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
3.53
-6.34% from price
SMA 20
3.66
-9.56% from price
SMA 50
4.47
-25.89% from price
SMA 100
5.05
-34.41% from price
SMA 200
4.30
-23.11% from price
EMA 12
3.54
-6.60% from price
EMA 26
3.85
-13.99% from price
EMA 50
4.31
-23.15% from price
RSI (14)
33.0
Neutral
MACD (12,26,9)
-0.30
Hist 0.02
ATR (14)
0.17
5.18% of price
Realised vol 30D
67.1%
Annualised
Bollinger upper
4.08
20, 2σ
Bollinger lower
3.24
20, 2σ
50 / 200 cross
Golden
4.47 vs 4.30
Trend bias
Below 200
-23.11%
Risk profile
Beta vs SPY
2.03
More volatile than market
Correlation to SPY
0.31
Loosely linked
Realised vol 30D
67.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-62.8%
Peak to trough
Max drawdown 5Y
-94.0%
Peak to trough
ATR 14
0.17
5.18% of price
Beta (reported)
—
5Y monthly, from filing
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