Ballard Power Systems Inc. (BLDP)Industrials | Electrical Equipment & Parts | Burnaby, Canada | NasdaqGM
1.67 USD
-0.03
(-1.765%) ⇩
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 1:07 a.m. EDT
Ballard Power Systems is currently trapped in a value trap with deteriorating fundamentals and no safety net. The company is burning cash, posting negative operating margins, and returning negative equity to shareholders, all while trading at a forward P/E that implies profitability that isn't materializing. Although the stock recently rallied over 100% year-over-year, this appears to be a speculative bounce rather than a reversal of the multi-year downtrend, as the underlying business metrics remain broken. The short-term outlook is bearish. The stock is trading below its 50-day and 200-day moving averages, confirming a technical downtrend. More alarmingly, the options market is screaming caution; traders are buying deep out-of-the-money puts in massive quantities compared to calls, suggesting a high probability of further decline. With no dividend to cushion the blow and a balance sheet showing free cash flow outflows, the risk/reward profile is unfavorable for new entrants. The recent price action shows weakness, closing near session lows, which aligns with the broader technical breakdown. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.179802 |
| AutoARIMA | 0.229829 |
| AutoTheta | 0.244945 |
| MSTL | 0.255600 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 43% |
| H-stat | 11.23 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.239 |
| Excess Kurtosis | -1.12 |
| Attribute | Value |
|---|---|
| Sector | Industrials |
| Debt to Equity Ratio | 3.518 |
| Revenue per Share | 0.353 |
| Market Cap | 586,321,472 |
| Forward P/E | -13.92 |
| Beta | 1.85 |
| Profit Margins | -72.78% |
| Website | https://www.ballard.com |
As of Oct. 10, 2026, 1:07 a.m. EDT: Speculators are heavily positioned for downside protection, with massive open interest in out-of-the-money puts relative to calls. The put/call ratio is skewed significantly toward selling, indicating a bearish sentiment. While there is some volume in deep out-of-the-money calls targeting $5-$6 strikes, the overwhelming capital deployment is in hedging against a drop below $2.00.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.5399449 |
| Address1 | 9,000 Glenlyon Parkway |
| All Time High | 144.9375 |
| All Time Low | 0.56 |
| Ask | 2.72 |
| Ask Size | 1 |
| Audit Risk | 1 |
| Average Analyst Rating | 2.6 - Hold |
| Average Daily Volume10 Day | 2,785,580 |
| Average Daily Volume3 Month | 3,786,476 |
| Average Volume | 3,786,476 |
| Average Volume10Days | 2,785,580 |
| Beta | 1.847 |
| Bid | 2.63 |
| Bid Size | 16 |
| Board Risk | 5 |
| Book Value | 1.856 |
| City | Burnaby |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 1 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 1.67 |
| Current Ratio | 11.189 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 1.69 |
| Day Low | 1.63 |
| Debt To Equity | 3.518 |
| Display Name | Ballard Power Systems |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,785,510,000 |
| Earnings Call Timestamp Start | 1,785,510,000 |
| Earnings Timestamp | 1,785,501,000 |
| Earnings Timestamp End | 1,793,363,400 |
| Earnings Timestamp Start | 1,793,363,400 |
| Ebitda | -49,859,000 |
| Ebitda Margins | -0.46967 |
| Enterprise To Ebitda | -0.362 |
| Enterprise To Revenue | 0.17 |
| Enterprise Value | 18,056,844 |
| Eps Current Year | -0.14 |
| Eps Forward | -0.12 |
| Eps Trailing Twelve Months | -0.26 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 604 412 4700 |
| Fifty Day Average | 2.2302 |
| Fifty Day Average Change | -0.5602001 |
| Fifty Day Average Change Percent | -0.25118828 |
| Fifty Two Week Change Percent | -53.994488 |
| Fifty Two Week High | 6.57 |
| Fifty Two Week High Change | -4.9 |
| Fifty Two Week High Change Percent | -0.7458143 |
| Fifty Two Week Low | 1.63 |
| Fifty Two Week Low Change | 0.03999996 |
| Fifty Two Week Low Change Percent | 0.024539854 |
| Fifty Two Week Range | 1.63 - 6.57 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 815,841,000,000 |
| Float Shares | 263,055,371 |
| Forward Eps | -0.12 |
| Forward P E | -13.916667 |
| Free Cashflow | -22,504,376 |
| Full Exchange Name | NasdaqGM |
| Full Time Employees | 492 |
| Fullday Change | -0.00999999 |
| Fullday Change Percent | -0.5882347 |
| Fullday Price | 1.67 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.16398 |
| Gross Profits | 17,408,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.12725 |
| Held Percent Institutions | 0.33375 |
| Implied Shares Outstanding | 351,090,706 |
| Industry | Electrical Equipment & Parts |
| Industry Disp | Electrical Equipment & Parts |
| Industry Key | electrical-equipment-parts |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 896,832,000 |
| Last Split Factor | 3:1 |
| Long Business Summary | Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers products for various applications focusing on power products for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications. It also engages in the delivery of services, including technology solutions, after sales services, and training, as well as offers engineering and technology transfer services. The company operates in the United States, Poland, Canada, Germany, the United Kingdom, Egypt, Spain, China, the Netherlands, Denmark, France, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada. |
| Long Name | Ballard Power Systems Inc. |
| Market | us_market |
| Market Cap | 586,321,472 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_25395 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -77,266,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 766,221,016 |
| Number Of Analyst Opinions | 9 |
| Open | 1.68 |
| Operating Cashflow | -30,634,000 |
| Operating Margins | -0.6203 |
| Overall Risk | 1 |
| Payout Ratio | 0.0 |
| Peg Ratio | 3.52 |
| Phone | 604 454 0900 |
| Previous Close | 1.7 |
| Price Eps Current Year | -11.928571 |
| Price Hint | 4 |
| Price To Book | 0.8997845 |
| Price To Sales Trailing12 Months | 5.5231023 |
| Profit Margins | -0.72783995 |
| Quick Ratio | 10.322 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 2.63636 |
| Region | US |
| Regular Market Change | -0.0300001 |
| Regular Market Change Percent | -1.76471 |
| Regular Market Day High | 1.69 |
| Regular Market Day Low | 1.63 |
| Regular Market Day Range | 1.63 - 1.69 |
| Regular Market Open | 1.68 |
| Regular Market Previous Close | 1.7 |
| Regular Market Price | 1.67 |
| Regular Market Time | 1,792,094,401 |
| Regular Market Volume | 4,799,720 |
| Return On Assets | -0.04547 |
| Return On Equity | -0.12923999 |
| Revenue Growth | 0.154 |
| Revenue Per Share | 0.353 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Industrials |
| Sector Disp | Industrials |
| Sector Key | industrials |
| Share Holder Rights Risk | 2 |
| Shares Outstanding | 351,090,706 |
| Shares Percent Shares Out | 0.056700002 |
| Shares Short | 19,901,069 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 19,162,596 |
| Short Name | Ballard Power Systems, Inc. |
| Short Percent Of Float | 0.056700002 |
| Short Ratio | 7.17 |
| Source Interval | 15 |
| State | BC |
| Symbol | BLDP |
| Target High Price | 6.5 |
| Target Low Price | 2.0 |
| Target Mean Price | 3.54111 |
| Target Median Price | 3.5 |
| Total Cash | 505,148,000 |
| Total Cash Per Share | 1.675 |
| Total Debt | 19,689,000 |
| Total Revenue | 106,158,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.26 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 2.94485 |
| Two Hundred Day Average Change | -1.27485 |
| Two Hundred Day Average Change Percent | -0.4329083 |
| Type Disp | Equity |
| Volume | 4,799,720 |
| Website | https://www.ballard.com |
| Zip | V5J 5J8 |