Ballard Power Systems (BLDP)

• Market cap: $372M
• 1 day: -1.59%
• 5 days: 7.83%
• 1 month: 12.73%
• 3 months: -6.77%
• 6 months: -22.01%
• Year to date: -32.61%
• 1 year: -53.90%
• 5 years: -88.17%
• 10 years: -45.85%
• Sector: Industrials
• Industry: Specialty Industrial Machinery

About: Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from Poland followed by United States, United Kingdom, and other countries.

Employees: 887

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

153% more call options, than puts

Call options by funds: $669K | Put options by funds: $264K

50% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 20

6% more funds holding

Funds holding: 143 [Q3] → 151 (+8) [Q4]

1.06% more ownership

Funds ownership: 20.12% [Q3] → 21.18% (+1.06%) [Q4]

2% less capital invested

Capital invested by funds: $108M [Q3] → $106M (-$2.17M) [Q4]

12% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 43

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $1.20 3% downside
• Avg. target: $1.25 1% upside
• High target: $1.30 5% upside

3 analyst ratings

• positive: 0 0%
• neutral: 2 67%
• negative: 1 33%

Susquehanna Biju Perincheril 22% 1-year accuracy 14 / 63 met price target	5% upside $1.30	Neutral Maintained	14 Apr 2025
Roth MKM Craig Irwin 24% 1-year accuracy 4 / 17 met price target	1% upside $1.25	Neutral Maintained	14 Mar 2025
BMO Capital Ameet Thakkar 57% 1-year accuracy 8 / 14 met price target	3% downside $1.20	Underperform Maintained	14 Mar 2025