Ballard Power Systems has reported its Q2 2026 results, matching analyst estimates in a challenging market.
Recent earnings trend
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Ballard Power Systems Inc
BLDP.TO
BLDP.TO
Ballard Power Systems Inc
WealthAwesomeMarket cap
$997.99M
52W high
$9.08
52W low
$2.53
1W change
-12.19%
Beta
1.92
Analyst Price Targets
Based on analyst covering BLDP
Wall Street analysts forecast BLDP stock price to rise 42.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.51
+42.3% Upside
Current Price
C$3.17
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BLDP's historical volatility
30-Day Vol
68.0%
Annualized
90-Day Vol
98.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$2.65
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$2.99 | C$2.36 โ C$3.78 |
| 60 trading days | C$2.81 | C$2.02 โ C$3.92 |
| 90 trading days | C$2.65 | C$1.77 โ C$3.98 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 5 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-12 | โ | -0.0400 | โ |
| 2026-06-30 | 2026-07-30 | -0.0400 | -0.0400 | +0.0% |
| 2026-03-31 | 2026-05-05 | -0.0400 | -0.0600 | +33.3% |
| 2025-12-31 | 2026-03-12 | -0.0400 | -0.0800 | +50.0% |
| 2025-09-30 | 2025-11-13 | -0.0900 | -0.1000 | +10.0% |
| 2025-06-30 | 2025-08-11 | -0.1100 | -0.0900 | -22.2% |
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In its latest earnings report, Ballard Power Systems Inc (BLDP.TO) announced results that met expectations, with an EPS of -$0.04, consistent with analyst estimates. The company continues to navigate a complex landscape in the hydrogen fuel cell sector, and its recent strategic moves may signal a shift in future performance.
Investor takeaway: While Ballard's earnings matched expectations, the company is focusing on strategic acquisitions and growth in the hydrogen market. Investors should consider the implications of these moves on future profitability and market position.
15% Year-over-Year Revenue Growth
Ballard Power Systems reported a 15% increase in revenue year-over-year, driven by strong order intake and a shift towards higher-margin products.
Bull case
The acquisition of GeoPura Limited could improve Ballard's service offerings and provide clearer revenue prospects, positioning the company well in the expanding energy-as-a-service market.
Bear case
Despite the recent revenue growth, Ballard continues to face losses and high operating expenses, raising concerns about its path to profitability and overall financial health.
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