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BLDP US​
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Ballard Power Systems Inc.(BLDP US)

$1.40+0.000.00%Ext:$1.44+0.043.18%(Market Closed · 00:56:47 UTC)
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  • Home
  • AI Agent
  • Annotations
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    Terms of servicePrivacy policy
  • Get the full experience

    We save the real magic for signed-in users.

BLDP US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Ballard Power Systems Inc.(BLDP US)

$1.40+0.000.00%Ext:$1.44+0.043.18%(Market Closed · 00:56:47 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Ballard Power Systems Inc. — Company Profile

Ballard Power Systems Inc. specializes in the full lifecycle of proton exchange membrane (PEM) fuel cell technology, encompassing research, production, sales, and ongoing support. Their fuel cell offerings cater to various power applications, including heavy-duty transportation sectors like buses, trucks, trains, and marine vessels, as well as solutions for material handling equipment and critical backup power systems. Beyond products, Ballard extends its expertise through technology solutions, providing engineering services, technology transfer, and licensing its extensive intellectual property and core knowledge for diverse PEM fuel cell uses. They also deliver integrated hydrogen fuel cell powertrain and vehicle systems. The company maintains a broad international presence, with operations spanning numerous countries including China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, and Sweden. A significant strategic partnership exists with Linamar Corporation, focused on jointly developing and marketing fuel cell powertrains and components designed for Class 1 and 2 vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. is headquartered in Burnaby, Canada.

Exchange
UQ
CEO
Marty T. Neese
Headquarters
Burnaby, A1, CA
IPO Date
Nov 8, 1995
Employees
492
Website
www.ballard.com

Key Metrics

Price
$2.05
Market Cap
$618.03M
Revenue (TTM)
$19.42M
Net Income (TTM)
$-11392000.00
EPS (TTM)
-0.04
P/E (TTM)
-7.60
P/B (TTM)
1.07
Dividend Yield
0.00%
ROE (TTM)
-1.97%
ROA (TTM)
-1.72%
Operating Margin
-67.29%
Beta
2.43

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Ballard Power Systems Inc. specializes in the full lifecycle of proton exchange membrane (PEM) fuel cell technology, encompassing research, production, sales, and ongoing support. Their fuel cell offerings cater to various power applications, including heavy-duty transportation sectors like buses, trucks, trains, and marine vessels, as well as solutions for material handling equipment and critical backup power systems. Beyond products, Ballard extends its expertise through technology solutions, providing engineering services, technology transfer, and licensing its extensive intellectual property and core knowledge for diverse PEM fuel cell uses. They also deliver integrated hydrogen fuel cell powertrain and vehicle systems. The company maintains a broad international presence, with operations spanning numerous countries including China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, and Sweden. A significant strategic partnership exists with Linamar Corporation, focused on jointly developing and marketing fuel cell powertrains and components designed for Class 1 and 2 vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. is headquartered in Burnaby, Canada.

Website
www.ballard.com
Location
Burnaby, A1, CA
Phone16044540900
Employees492
CEOMarty T. Neese
IPO DateNov 8, 1995

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(868)

Expand
  • 6-KREPORT OF FOREIGN PRIVATE ISSUER13 Nov
  • 6-KCurrent report (foreign private issuer)5 Nov
  • 6-KCurrent report (foreign private issuer)28 Oct
  • 6-KCurrent report (foreign private issuer)22 Oct
  • 6-KCurrent report (foreign private issuer)21 Oct
  • 6-KCurrent report (foreign private issuer)20 Oct
  • 6-KCurrent report (foreign private issuer)7 Oct
  • 6-KCurrent report (foreign private issuer)1 Oct
  • 6-KCurrent report (foreign private issuer)28 Aug
  • 6-KCurrent report (foreign private issuer)31 Jul
  • 6-KCurrent report (foreign private issuer)31 Jul
  • 6-KREPORT OF FOREIGN PRIVATE ISSUER7 Jul
  • 6-KCurrent report (foreign private issuer)7 Jul
  • Form 144Weichai Power Hong Kong International Development Co., Ltd6 Jul
  • 6-KCurrent report (foreign private issuer)23 Jun
  • 6-KCurrent report (foreign private issuer)16 Jun
  • 6-KCurrent report (foreign private issuer)4 Jun
  • SDSD28 May
  • SC 13D/ABallard Power Systems Inc.19 May
  • SC 13D/ABallard Power Systems Inc.15 May

News

  • Ballard FCmove®-SC fuel cell engine makes series-production debut in next-generation Solaris Urbino 12 hydrogen bus5 Nov
  • After Plunging 26.2% in 4 Weeks, Here's Why the Trend Might Reverse for Ballard (BLDP)28 Oct
  • Ballard launches HPU Agile-H: 80kW of clean power in a lightweight, towable unit28 Oct
  • Review of the Ballard Forum22 Oct
  • Ballard and GeoPura put clean energy center stage in a hydrogen-powered summer of music and sport21 Oct
  • Ballard Announces Q3 2026 Results Conference Call16 Oct
  • Ballard Announces Q3 2026 Results Conference Call16 Oct
  • Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania6 Oct
  • Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania6 Oct
  • 3 Hydrogen Stocks Worth Watching This October6 Oct
  • Ballard launches Fleet360 services for new North American FCmove®-HD+ fleets at APTA EXPO 20261 Oct
  • LeGrand (OTCMKTS:LGRDY) & Ballard Power Systems (NASDAQ:BLDP) Financial Survey28 Sep
  • BE vs. BLDP: Which Clean Energy Stock Has Stronger Growth Potential?22 Sep
  • Ballard finalise l'acquisition de GeoPura et devient ainsi un fournisseur intégré de solutions énergétiques à l'hydrogène29 Aug
  • Ballard closes acquisition of GeoPura, becoming an integrated hydrogen energy solutions provider28 Aug
  • Ballard Power Systems, Inc. (NASDAQ:BLDP) Short Interest Update20 Aug
  • Dimensional Fund Advisors LP Has $4.43 Million Position in Ballard Power Systems, Inc. $BLDP13 Aug

Mentions in Filings

  • … align with General Fusion’s vision, mission, and culture. Ms. Laishley has more than 25 years of global experience in Human Resources in the technology sector. She was the Senior Vice President, Human Resources at <strong>Ballard Power Systems</strong>, Inc., a global provider of clean energy solutions, where she held roles of increasing responsibility in Human Resources. Throughout her career, Jan has focused on building organizational cultures which recognize t …
    General Fusion Group Ltd.Ballard Power Systems Inc.·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·6 Oct
  • … align with General Fusion’s vision, mission, and culture. Ms. Laishley has more than 25 years of global experience in Human Resources in the technology sector. She was the Senior Vice President, Human Resources at <strong>Ballard Power Systems</strong>, Inc., a global provider of clean energy solutions, where she held roles of increasing responsibility in Human Resources. Throughout her career, Jan has focused on building organizational cultures which recognize t …
    General Fusion Group Ltd.Ballard Power Systems Inc.·F-1 - Registration statement (foreign issuer)·Q3 26·8 Sep
  • Rahul Shendure was nominated for appointment as one of our independent directors prior to the Offering. Mr. Shendure has over 27 years of experience as an engineer, product manager, founder, CEO and investor across industrial, climate-tech and bio-tech businesses. Between 2020 and 2024, Mr. Shendure served as founding CEO and Director of CarbonBuit, a venture capital-backed provider of low-carbon concrete raw materials, production technologies an …
    GreenVector Holdings LtdBallard Power Systems Inc.·20-F - Annual report (foreign private issuer) FY 2026·FY26·31 Jul
  • … nception to September 2018. Mr. Brown began his career with a focus on clean energy and the environment, including serving as an energy analyst for the National Governors’ Center for Best Practices. He then joined <strong>Ballard Power Systems</strong>, Inc. (NASDAQ: BLDP), a proton exchange membrane fuel cell company, being promoted from an entry-level manager to reporting directly to the Chief Executive Officer before leaving to found Beyond Meat. Mr. Brown als …
    BEYOND MEAT, INC.Ballard Power Systems Inc.·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q3 26·30 Jul
  • … by Guardant Health (OTCQB: GH) in 2019, and Oscilla Power, a renewable power generation technology developer he co-founded in 2009. Prior to becoming an entrepreneur, Mr. Shendure worked at Amyris Biotechnologies, <strong>Ballard Power Systems</strong> and General Electric. Mr. Shendure has invested in more than 50 early-stage climate-tech, healthcare and software companies. Mr. Shendure has a Bachelor of Science in Chemical Engineering from Massachusetts Institu …
    GreenVector Holdings LtdBallard Power Systems Inc.·424B4 - Prospectus filing (Rule 424(b)(4))·Q2 27·1 Jul
  • … ion | ATS | ATS | | Aurora Cannabis Inc. | ACB | ACB | | AutoCanada Inc. | ACQ | ACQ | | Aya Gold & Silver Inc. | AYA | AYA | | B2Gold Corp. | BTO | BTO | | Badger Infrastructure Solutions Ltd. | BDGI | BDGI | | <strong>Ballard Power Systems Inc.</strong> | BLDP | BLDP | | Bank of Montreal | BMO | BMO | | Bank of Nova Scotia (The) | BNS | BNS | | Barrick Gold Corporation | ABX | ABX | | Bausch Health Companies Inc. | BHC | BHC | | Baytex Energy Corp. | BTE | BTE …
    CANADIAN DERIVATIVES CLEARING CORPBallard Power Systems Inc.·EX-99.1 - 8-K - Financial Statements and Exhibits·Q4 26·6 Nov

Key Stats

Trading

Px/Chg 1D$2.05 / +1.49%
Prev Close$2.34
% of 52Wk H36.07%
Avg Volume6.80M
Beta2.43
Mkt Cap618.03M
FD Mkt Cap714.50M

Float

Shrs Out/Float301.48M / 266.46M
Short Float0.09%
Days to Cover3.39
Stock Repurchased$0.00

Current Valuation

EV122.18M
EV/EBITDA-1.62
EV/Sales1.18
P/B1.07
P/S5.98
FCF Yield-1.36%
ROE-1.97%
ROA-1.72%
Current Ratio10.70

Estimates

P/E-7.60
Est P/E0.00
Est EPS-0.06
Est PEG0.00

Valuation

Metric5Yr AvgMar '23Mar '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-24.49-9.23-4.67-1.16-54.72-52.66
Price / Sales18.4119.108.115.4128.5130.89
Price / Book Value1.091.380.840.561.631.04
Price / Free Cash Flow6.59-9.61-5.69-2.78122.44-71.42
ENTERPRISE VALUE METRICS
Enterprise Value231.2702.897.0-202.9455.1104.1
Enterprise Value / Sales5.068.390.95-2.9113.535.36
Enterprise Value / EBITDA-8.81-4.84-0.790.66-28.61-10.45
Enterprise Value / EBIT-8.14-4.42-0.720.63-26.70-9.51

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-81.5%104.583.8102.469.7101.1
Gross Income-35.7%14.0-13.1-21.8-22.02.4
EBITDA-2.8%-86.7-145.1-122.3-309.3-77.4
EBIT-4.1%-96.3-158.9-135.3-321.3-81.5
Net Income-5.2%-114.4-173.5-177.7-324.2-92.5
EPS (Diluted)-6.3%-0.39-0.58-0.61-1.08-0.30
BALANCE SHEET
Cash & ST Inv-17.1%1,125.4915.7753.2606.1530.3
Total Assets-17.1%1,439.01,247.11,077.5777.3681.1
Total Liabilities-4.8%112.688.286.3104.392.3
Total Shareholder Equity-18.4%1,326.41,158.9991.2673.0588.9
CASH FLOW
Net Operating Cash Flow-8.2%-80.5-132.2-104.6-108.1-57.2
Cap Ex-9.1%-14.7-34.5-41.4-27.6-10.0
Free Cash Flow-8.3%-95.2-166.7-145.9-135.7-67.2

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)1.33
Basic Shares301.48
Market Cap401.5
Diluted Shares301.49
Fully Diluted Shares Outstanding301.49
Fully Diluted Market Cap401.5
+Consolidated Debt19.7
−In-the-Money Convertible Debt—
+Capital Leases16.3
+Operating Leases—
−Cash & Equivalents-501.5
−Short-term Investments-3.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value-80.3

Segment data

Revenue

by Products and services

  • Heavy Duty Motive53%
  • Technology Solutions38%
  • Material Handling9%

Revenue

by Geography

  • United States33%
  • Germany19%
  • China12%
  • France9%
  • Canada6%

Related companies

Bloom Energy Corp

BE US

Woodward, Inc.

WWD US

Plug Power Inc

PLUG US

Fuelcell Energy Inc

FCEL US

Graftech International Ltd

EAF US

Forgent Power Solutions, Inc.

FPS US

Graphex Group Ltd

GRFXF US

Ballard Power Systems Inc. — Company Profile

Ballard Power Systems Inc. specializes in the full lifecycle of proton exchange membrane (PEM) fuel cell technology, encompassing research, production, sales, and ongoing support. Their fuel cell offerings cater to various power applications, including heavy-duty transportation sectors like buses, trucks, trains, and marine vessels, as well as solutions for material handling equipment and critical backup power systems. Beyond products, Ballard extends its expertise through technology solutions, providing engineering services, technology transfer, and licensing its extensive intellectual property and core knowledge for diverse PEM fuel cell uses. They also deliver integrated hydrogen fuel cell powertrain and vehicle systems. The company maintains a broad international presence, with operations spanning numerous countries including China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, and Sweden. A significant strategic partnership exists with Linamar Corporation, focused on jointly developing and marketing fuel cell powertrains and components designed for Class 1 and 2 vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. is headquartered in Burnaby, Canada.

Exchange
UQ
CEO
Marty T. Neese
Headquarters
Burnaby, A1, CA
IPO Date
Nov 8, 1995
Employees
492
Website
www.ballard.com

Key Metrics

Price
$2.05
Market Cap
$618.03M
Revenue (TTM)
$19.42M
Net Income (TTM)
$-11392000.00
EPS (TTM)
-0.04
P/E (TTM)
-7.60
P/B (TTM)
1.07
Dividend Yield
0.00%
ROE (TTM)
-1.97%
ROA (TTM)
-1.72%
Operating Margin
-67.29%
Beta
2.43

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Ballard Power Systems Inc. specializes in the full lifecycle of proton exchange membrane (PEM) fuel cell technology, encompassing research, production, sales, and ongoing support. Their fuel cell offerings cater to various power applications, including heavy-duty transportation sectors like buses, trucks, trains, and marine vessels, as well as solutions for material handling equipment and critical backup power systems. Beyond products, Ballard extends its expertise through technology solutions, providing engineering services, technology transfer, and licensing its extensive intellectual property and core knowledge for diverse PEM fuel cell uses. They also deliver integrated hydrogen fuel cell powertrain and vehicle systems. The company maintains a broad international presence, with operations spanning numerous countries including China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, and Sweden. A significant strategic partnership exists with Linamar Corporation, focused on jointly developing and marketing fuel cell powertrains and components designed for Class 1 and 2 vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. is headquartered in Burnaby, Canada.

Website
www.ballard.com
Location
Burnaby, A1, CA
Phone16044540900
Employees492
CEOMarty T. Neese
IPO DateNov 8, 1995

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(868)

Expand
  • 6-KREPORT OF FOREIGN PRIVATE ISSUER13 Nov
  • 6-KCurrent report (foreign private issuer)5 Nov
  • 6-KCurrent report (foreign private issuer)28 Oct
  • 6-KCurrent report (foreign private issuer)22 Oct
  • 6-KCurrent report (foreign private issuer)21 Oct
  • 6-KCurrent report (foreign private issuer)20 Oct
  • 6-KCurrent report (foreign private issuer)7 Oct
  • 6-KCurrent report (foreign private issuer)1 Oct
  • 6-KCurrent report (foreign private issuer)28 Aug
  • 6-KCurrent report (foreign private issuer)31 Jul
  • 6-KCurrent report (foreign private issuer)31 Jul
  • 6-KREPORT OF FOREIGN PRIVATE ISSUER7 Jul
  • 6-KCurrent report (foreign private issuer)7 Jul
  • Form 144Weichai Power Hong Kong International Development Co., Ltd6 Jul
  • 6-KCurrent report (foreign private issuer)23 Jun
  • 6-KCurrent report (foreign private issuer)16 Jun
  • 6-KCurrent report (foreign private issuer)4 Jun
  • SDSD28 May
  • SC 13D/ABallard Power Systems Inc.19 May
  • SC 13D/ABallard Power Systems Inc.15 May

News

  • Ballard FCmove®-SC fuel cell engine makes series-production debut in next-generation Solaris Urbino 12 hydrogen bus5 Nov
  • After Plunging 26.2% in 4 Weeks, Here's Why the Trend Might Reverse for Ballard (BLDP)28 Oct
  • Ballard launches HPU Agile-H: 80kW of clean power in a lightweight, towable unit28 Oct
  • Review of the Ballard Forum22 Oct
  • Ballard and GeoPura put clean energy center stage in a hydrogen-powered summer of music and sport21 Oct
  • Ballard Announces Q3 2026 Results Conference Call16 Oct
  • Ballard Announces Q3 2026 Results Conference Call16 Oct
  • Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania6 Oct
  • Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania6 Oct
  • 3 Hydrogen Stocks Worth Watching This October6 Oct
  • Ballard launches Fleet360 services for new North American FCmove®-HD+ fleets at APTA EXPO 20261 Oct
  • LeGrand (OTCMKTS:LGRDY) & Ballard Power Systems (NASDAQ:BLDP) Financial Survey28 Sep
  • BE vs. BLDP: Which Clean Energy Stock Has Stronger Growth Potential?22 Sep
  • Ballard finalise l'acquisition de GeoPura et devient ainsi un fournisseur intégré de solutions énergétiques à l'hydrogène29 Aug
  • Ballard closes acquisition of GeoPura, becoming an integrated hydrogen energy solutions provider28 Aug
  • Ballard Power Systems, Inc. (NASDAQ:BLDP) Short Interest Update20 Aug
  • Dimensional Fund Advisors LP Has $4.43 Million Position in Ballard Power Systems, Inc. $BLDP13 Aug

Mentions in Filings

  • … align with General Fusion’s vision, mission, and culture. Ms. Laishley has more than 25 years of global experience in Human Resources in the technology sector. She was the Senior Vice President, Human Resources at <strong>Ballard Power Systems</strong>, Inc., a global provider of clean energy solutions, where she held roles of increasing responsibility in Human Resources. Throughout her career, Jan has focused on building organizational cultures which recognize t …
    General Fusion Group Ltd.Ballard Power Systems Inc.·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·6 Oct
  • … align with General Fusion’s vision, mission, and culture. Ms. Laishley has more than 25 years of global experience in Human Resources in the technology sector. She was the Senior Vice President, Human Resources at <strong>Ballard Power Systems</strong>, Inc., a global provider of clean energy solutions, where she held roles of increasing responsibility in Human Resources. Throughout her career, Jan has focused on building organizational cultures which recognize t …
    General Fusion Group Ltd.Ballard Power Systems Inc.·F-1 - Registration statement (foreign issuer)·Q3 26·8 Sep
  • Rahul Shendure was nominated for appointment as one of our independent directors prior to the Offering. Mr. Shendure has over 27 years of experience as an engineer, product manager, founder, CEO and investor across industrial, climate-tech and bio-tech businesses. Between 2020 and 2024, Mr. Shendure served as founding CEO and Director of CarbonBuit, a venture capital-backed provider of low-carbon concrete raw materials, production technologies an …
    GreenVector Holdings LtdBallard Power Systems Inc.·20-F - Annual report (foreign private issuer) FY 2026·FY26·31 Jul
  • … nception to September 2018. Mr. Brown began his career with a focus on clean energy and the environment, including serving as an energy analyst for the National Governors’ Center for Best Practices. He then joined <strong>Ballard Power Systems</strong>, Inc. (NASDAQ: BLDP), a proton exchange membrane fuel cell company, being promoted from an entry-level manager to reporting directly to the Chief Executive Officer before leaving to found Beyond Meat. Mr. Brown als …
    BEYOND MEAT, INC.Ballard Power Systems Inc.·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q3 26·30 Jul
  • … by Guardant Health (OTCQB: GH) in 2019, and Oscilla Power, a renewable power generation technology developer he co-founded in 2009. Prior to becoming an entrepreneur, Mr. Shendure worked at Amyris Biotechnologies, <strong>Ballard Power Systems</strong> and General Electric. Mr. Shendure has invested in more than 50 early-stage climate-tech, healthcare and software companies. Mr. Shendure has a Bachelor of Science in Chemical Engineering from Massachusetts Institu …
    GreenVector Holdings LtdBallard Power Systems Inc.·424B4 - Prospectus filing (Rule 424(b)(4))·Q2 27·1 Jul
  • … ion | ATS | ATS | | Aurora Cannabis Inc. | ACB | ACB | | AutoCanada Inc. | ACQ | ACQ | | Aya Gold & Silver Inc. | AYA | AYA | | B2Gold Corp. | BTO | BTO | | Badger Infrastructure Solutions Ltd. | BDGI | BDGI | | <strong>Ballard Power Systems Inc.</strong> | BLDP | BLDP | | Bank of Montreal | BMO | BMO | | Bank of Nova Scotia (The) | BNS | BNS | | Barrick Gold Corporation | ABX | ABX | | Bausch Health Companies Inc. | BHC | BHC | | Baytex Energy Corp. | BTE | BTE …
    CANADIAN DERIVATIVES CLEARING CORPBallard Power Systems Inc.·EX-99.1 - 8-K - Financial Statements and Exhibits·Q4 26·6 Nov

Key Stats

Trading

Px/Chg 1D$2.05 / +1.49%
Prev Close$2.34
% of 52Wk H36.07%
Avg Volume6.80M
Beta2.43
Mkt Cap618.03M
FD Mkt Cap714.50M

Float

Shrs Out/Float301.48M / 266.46M
Short Float0.09%
Days to Cover3.39
Stock Repurchased$0.00

Current Valuation

EV122.18M
EV/EBITDA-1.62
EV/Sales1.18
P/B1.07
P/S5.98
FCF Yield-1.36%
ROE-1.97%
ROA-1.72%
Current Ratio10.70

Estimates

P/E-7.60
Est P/E0.00
Est EPS-0.06
Est PEG0.00

Valuation

Metric5Yr AvgMar '23Mar '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-24.49-9.23-4.67-1.16-54.72-52.66
Price / Sales18.4119.108.115.4128.5130.89
Price / Book Value1.091.380.840.561.631.04
Price / Free Cash Flow6.59-9.61-5.69-2.78122.44-71.42
ENTERPRISE VALUE METRICS
Enterprise Value231.2702.897.0-202.9455.1104.1
Enterprise Value / Sales5.068.390.95-2.9113.535.36
Enterprise Value / EBITDA-8.81-4.84-0.790.66-28.61-10.45
Enterprise Value / EBIT-8.14-4.42-0.720.63-26.70-9.51

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-81.5%104.583.8102.469.7101.1
Gross Income-35.7%14.0-13.1-21.8-22.02.4
EBITDA-2.8%-86.7-145.1-122.3-309.3-77.4
EBIT-4.1%-96.3-158.9-135.3-321.3-81.5
Net Income-5.2%-114.4-173.5-177.7-324.2-92.5
EPS (Diluted)-6.3%-0.39-0.58-0.61-1.08-0.30
BALANCE SHEET
Cash & ST Inv-17.1%1,125.4915.7753.2606.1530.3
Total Assets-17.1%1,439.01,247.11,077.5777.3681.1
Total Liabilities-4.8%112.688.286.3104.392.3
Total Shareholder Equity-18.4%1,326.41,158.9991.2673.0588.9
CASH FLOW
Net Operating Cash Flow-8.2%-80.5-132.2-104.6-108.1-57.2
Cap Ex-9.1%-14.7-34.5-41.4-27.6-10.0
Free Cash Flow-8.3%-95.2-166.7-145.9-135.7-67.2

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)1.33
Basic Shares301.48
Market Cap401.5
Diluted Shares301.49
Fully Diluted Shares Outstanding301.49
Fully Diluted Market Cap401.5
+Consolidated Debt19.7
−In-the-Money Convertible Debt—
+Capital Leases16.3
+Operating Leases—
−Cash & Equivalents-501.5
−Short-term Investments-3.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value-80.3

Segment data

Revenue

by Products and services

  • Heavy Duty Motive53%
  • Technology Solutions38%
  • Material Handling9%

Revenue

by Geography

  • United States33%
  • Germany19%
  • China12%
  • France9%
  • Canada6%

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