Ballard Power Systems Inc. (TSX:BLDP)
Canada flag Canada · Delayed Price · Currency is CAD
2.940
+0.010 (0.34%)
Oct 6, 2026, 4:00 PM EST

Ballard Power Systems Stock Forecast

Stock Price Forecast

According to 11 analysts polled by S&P Global, Ballard Power Systems stock has a consensus rating of "Hold" and an average price target of $4.66. The average 1-year stock price forecast is 58.50% higher than the current stock price, while the lowest is $4.01 (+36.39%) and the highest is $5.32 (+80.95%).

Price Target: $4.66 (+58.50%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$4.01$4.66$4.66$5.32
Change+36.39%+58.50%+58.50%+80.95%

Analyst Ratings

The average analyst rating for Ballard Power Systems stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy222333
Buy000000
Hold999887
Sell000000
Strong Sell111111
Total121212121211

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
UBS
UBS
Hold
Reiterates
$9.23 → $3.05
HoldReiterates$9.23 → $3.05+3.82%Sep 30, 2026
Susquehanna
Susquehanna
Hold
Maintains
$4.26
HoldMaintains$4.26+44.87%Aug 10, 2026
BMO Capital
BMO Capital
Sell
Reiterates
$2.98
SellReiterates$2.98+1.41%Aug 4, 2026
Lake Street
Lake Street
Buy
Reiterates
$7.10
BuyReiterates$7.10+141.45%Aug 3, 2026
TD Cowen
TD Cowen
Hold
Maintains
$6.03 → $4.26
HoldMaintains$6.03 → $4.26+44.87%Jul 31, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
105.85M
from 99.37M
Increased by 6.52%
Revenue Next Year
143.14M
from 105.85M
Increased by 35.22%
EPS This Year
-0.14
from -0.28
EPS Next Year
-0.12
from -0.14
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
104.51M81.86M102.37M69.73M99.37M105.85M
Revenue Growth
0.61%-21.67%25.05%-31.88%42.50%6.52%
Gross Profit
14.01M-13.31M-21.83M-21.98M5.46M13.88M
Gross Margin
13.41%-16.26%-21.33%-31.52%5.50%13.11%
Operating Income
-86.08M-142.18M-160.62M-166.27M-80.52M-54.96M
Net Income
-114.23M-173.49M-177.72M-324.25M-90.91M-55.64M
EPS
-----0.28-0.14
Free Cash Flow
-----66.01M-21.92M
No. Analysts
-----5
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High114.2M
Avg105.9M
Low101.0M

Revenue Growth

Revenue Growth202620272028
High
15.0%
Avg
6.5%
Low
1.6%

EPS Forecast

EPS202620272028
High-0.14
Avg-0.14
Low-0.14

EPS Growth

EPS Growth202620272028
High-
Avg-
Low-