As Ballard Power Systems prepares for its upcoming earnings report, investors are eager to see if the company can continue its trend of outperforming expectations.
Scheduled for release before market open on July 31, 2026, Ballard Power Systems Inc (BLDP.TO) is set to report its Q2 2026 earnings results. With a history of recent earnings surprises, this report is highly anticipated, especially given the company's strategic moves and revenue growth in the past quarters.
Recent earnings trend
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Ballard Power Systems Inc
BLDP.TO
BLDP.TO
Ballard Power Systems Inc
WealthAwesomeMarket cap
$1.14B
52W high
$9.08
52W low
$2.34
1W change
-19.68%
Beta
1.93
Analyst Price Targets
Based on analyst covering BLDP
Wall Street analysts forecast BLDP stock price to rise 30.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.59
+30.9% Upside
Current Price
C$3.51
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
72.8%
Annualized
90-Day Vol
99.0%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$2.94
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$3.31 | C$2.57 – C$4.25 |
| 60 trading days | C$3.12 | C$2.18 – C$4.44 |
| 90 trading days | C$2.94 | C$1.90 – C$4.54 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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 |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-31 | — | -0.0400 | — |
| 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% |
| 2025-03-31 | 2025-05-06 | -0.1000 | -0.1100 | +9.1% |
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Investor takeaway: Keep an eye on Ballard's ability to maintain its momentum in revenue growth and margin improvement, which could influence its stock performance in the near term.
Upcoming EPS Estimate: -$0.04
Analysts predict a narrower loss compared to the previous year, suggesting potential operational improvements.
Bull case
The company has shown strong revenue growth, reporting a 26% year-over-year increase in Q1 2026. If this trend continues, it could lead to a positive surprise in earnings, especially with an estimated 51.5% year-over-year EPS growth.
Bear case
Despite the optimistic revenue outlook, Ballard's recent stock performance has been underwhelming, with a significant drop in share price over the past month. If the upcoming earnings report fails to meet even the lowered expectations, it could further dampen investor sentiment.
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