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Ballard Power Systems Inc

Industrials CA BLDP

8.43CAD
-0.39(4.42%)

Last update at 2026-06-03T20:00:00Z

Day Range

8.258.84
LowHigh

52 Week Range

1.595.75
LowHigh

Fundamentals

  • Previous Close 8.82
  • Market Cap1275.87M
  • Volume2094110
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-80.34500M
  • Revenue TTM99.37M
  • Revenue Per Share TTM0.33
  • Gross Profit TTM 5.46M
  • Diluted EPS TTM-0.41

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -92.45360M -323.40900M -144.05200M -177.03000M -114.61300M
Minority interest - - - - -
Net income -92.49125M -324.24500M -177.71600M -173.49400M -114.39700M
Selling general administrative 18.45M 23.52M 23.87M 28.94M 24.98M
Selling and marketing expenses 8.05M 13.50M 15.11M 12.85M 12.90M
Gross profit 2.40M -21.98200M -21.83100M -13.08100M 14.01M
Reconciled depreciation 4.13M 11.97M 13.53M 13.36M 9.75M
Ebit -81.51237M -321.26300M -142.94700M -158.89900M -87.97400M
Ebitda -77.38333M -309.29000M -129.42000M -149.20100M -94.66200M
Depreciation and amortization 4.13M 11.97M 13.53M 9.70M -6.68800M
Non operating income net other - - - - -
Operating income -81.51237M -183.30000M -162.90400M -158.89900M -87.97400M
Other operating expenses 182.62M 253.03M 265.27M 145.80M 192.48M
Interest expense 1.94M 2.15M 1.21M 1.28M 1.29M
Tax provision 0.05M 0.12M 0.16M -3.53600M -0.21600M
Interest income - 11.87M 20.03M 14.71M 23.98M
Net interest income -1.22600M -2.16600M -1.10500M -1.27900M -1.59400M
Extraordinary items - -0.71500M -33.50600M 0.00000M 0.16M
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.05M 0.12M 0.16M -3.53600M -0.21600M
Total revenue 101.14M 69.73M 102.37M 83.80M 104.50M
Total operating expenses 83.91M 161.32M 141.07M 145.80M 101.99M
Cost of revenue 98.71M 91.71M 124.20M 96.88M 90.49M
Total other income expense net -10.94124M -140.10900M 18.85M -18.13100M -26.63900M
Discontinued operations - - - - 0.16M
Net income from continuing ops -90.91400M -323.53000M -144.21000M -173.50000M -114.39700M
Net income applicable to common shares - -324.24500M -177.71600M -173.49400M -114.23300M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 681.15M 777.31M 1077.54M 1247.08M 1440.94M
Intangible assets 0.25M 1.76M 1.41M 5.21M 20.79M
Earning assets - - - - -
Other current assets 2.20M 4.43M 7.06M 6.02M 4.37M
Total liab 92.29M 104.32M 86.33M 88.17M 112.73M
Total stockholder equity 588.86M 672.99M 991.22M 1158.91M 1328.22M
Deferred long term liab - - - - -
Other current liab 37.10M 5.58M 47.77M 40.80M 54.12M
Common stock 2428.82M - 2425.64M 2420.40M 2416.26M
Capital stock 2433.24M 2428.62M 2425.64M 2420.40M 2416.26M
Retained earnings -2147.83513M -2060.83700M -1737.50500M -1560.75900M -1387.57900M
Other liab - - - 3.16M 15.69M
Good will - 0.00000M 40.28M 64.27M 64.27M
Other assets - - - 0.37M 0.35M
Cash 526.09M 603.95M 751.13M 913.73M 1123.89M
Cash and equivalents - - - 913.73M 1123.89M
Total current liabilities 60.88M 75.59M 70.59M 73.17M 83.16M
Current deferred revenue 8.39M - 4.59M 8.03M 12.11M
Net debt -503.99314M - -733.23200M -897.99900M -1106.77500M
Short term debt 3.41M - 4.50M 3.90M 3.24M
Short long term debt - - - - -
Short long term debt total 22.10M - 17.90M 15.73M 17.12M
Other stockholder equity 309.48M - 306.04M 300.76M 297.82M
Property plant equipment - - - 82.36M 56.06M
Total current assets 600.34M 698.88M 864.74M 1028.51M 1229.19M
Long term investments 48.01M 45.75M 54.25M 66.36M 70.29M
Net tangible assets - - - 1089.43M 1243.16M
Short term investments 4.19M 2.10M 2.11M 2.01M 3.00M
Net receivables 24.16M 24.18M 58.56M 48.70M 46.40M
Long term debt - - - - -
Inventory 43.69M 56.42M 45.87M 58.05M 51.52M
Accounts payable 11.99M 12.30M 13.72M 20.44M 13.69M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -1.60108M - -2.96200M -1.49000M 1.72M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 0.51M 0.49M 0.55M 0.37M 0.35M
Deferred long term asset charges - - - - -
Non current assets total 80.81M 78.43M 212.80M 218.57M 211.76M
Capital lease obligations 22.14M 23.89M 17.90M 15.73M 17.12M
Long term debt total - - - 11.84M 13.88M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -10.84000M -36.50500M -54.27900M -75.55700M -63.77200M
Change to liabilities - - - -1.89700M 3.63M
Total cashflows from investing activities -21.30758M -36.50500M -54.27900M -75.55700M -85.63000M
Net borrowings -3.04300M -3.32700M -4.01300M -3.32200M -2.79800M
Total cash from financing activities -2.62923M -1.53000M -3.67800M -2.40600M 526.91M
Change to operating activities - - - 0.95M -1.87300M
Net income -92.50550M -324.24500M -177.71600M -121.70000M -114.23300M
Change in cash -106.42023M -147.18200M -162.60000M -210.19500M 360.46M
Begin period cash flow 632.51M 751.13M 913.73M 1123.89M 763.43M
End period cash flow 526.09M 603.95M 751.13M 913.70M 1123.89M
Total cash from operating activities -57.15023M -108.09900M -104.57000M -132.20000M -80.47600M
Issuance of capital stock - - - 0.00000M 527.29M
Depreciation 4.13M 11.97M 13.53M 13.36M 9.75M
Other cashflows from investing activities - 1.40M -0.15400M -41.07500M -70.92900M
Dividends paid - - - - -
Change to inventory 10.25M -16.94600M -0.89800M -6.53200M -22.99600M
Change to account receivables 6.15M 13.35M -12.91300M -2.94500M 9.64M
Sale purchase of stock - 0.31M 0.34M 0.92M 529.71M
Other cashflows from financing activities -0.05327M 1.80M 0.34M 0.92M 2.42M
Change to netincome - - - 38.39M 35.60M
Capital expenditures 10.02M 27.62M 41.37M 34.48M 14.70M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 18.36M 5.24M -17.08600M -10.40000M -11.60000M
Stock based compensation 6.34M 7.46M 10.72M 9.41M 9.67M
Other non cash items 12.86M 191.48M 65.98M -19.28700M 26.24M
Free cash flow -67.16656M -135.71600M -145.93800M -166.68200M -95.17700M

Peer Comparison

Sector: Industrials Industry: Electrical Equipment & Parts

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BLDP
Ballard Power Systems Inc		 -0.39 4.42% 8.43 - 98.04 12.84 1.58 4.29 -6.214
HPS-A
Hammond Power Solutions Inc		 -3.65 1.11% 326.00 13.41 11.74 1.22 3.30 1.29 9.02
ELVA
Electrovaya Inc.		 -1.34 7.85% 15.72 86.80 55.56 10.07 7.78 7.03 71.32
GRID
Tantalus Systems Holding Inc		 0.01 0.16% 6.20 - 833.33 6.28 32.50 4.43 122.62
HMM-A
Hammond Manufacturing Company Limited		 0.32 1.64% 19.82 5.45 - 0.43 1.08 0.65 4.32

Reports Covered

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Profile

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.

Ballard Power Systems Inc

9000 Glenlyon Parkway, Burnaby, BC, Canada, V5J 5J8

Key Executives

Name Title Year Born
Mr. R. Randall MacEwen CEO, Pres & Non-Independent Director 1969
Mr. Paul Dobson Sr. VP & CFO 1966
Dr. Kevin Colbow Sr. VP & CTO NA
Mr. Jesper Themsen Pres & CEO of Europe NA
Kate Charlton VP Corp. Fin. & Investor Relations NA
Mr. Kerry Brent Hillier Gen. Counsel & Corp. Sec. NA
Mr. Nicolas Pocard VP of Marketing & Strategic Partnerships NA
Ms. Sarbjot Sidhu Sr. VP and Chief People & Culture Officer NA
Mr. Alfred Wong Managing Director of Asia Pacific NA
Mr. David Mucciacciaro Sr. VP & Chief Commercial Officer NA

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