Ballard Power Systems Inc. (BLDP)

Ballard Power Systems Stock Forecast

Stock Price Forecast

The 5 analysts that cover Ballard Power Systems stock have a consensus rating of "Sell" and an average price target of $2.24, which forecasts a -6.28% decrease in the stock price over the next year. The lowest target is $1.10 and the highest is $3.50.

Price Target: $2.24 (-6.28%)

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$1.10	$2.24	$1.80	$3.50
Change	-53.97%	-6.28%	-24.69%	+46.44%

* Price targets were last updated on Oct 22, 2025.

Analyst Ratings

The average analyst rating for Ballard Power Systems stock is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	4	4	4	4	4	4
Sell	3	3	3	3	3	2
Strong Sell	1	1	1	1	1	1
Total	8	8	8	8	8	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Manav Gupta UBS	UBS	Hold Maintains $1.4 → $3.5	Hold	Maintains	$1.4 → $3.5	+46.44%	Oct 22, 2025
Biju Perincheril Susquehanna	Susquehanna	Hold Maintains $2 → $3.3	Hold	Maintains	$2 → $3.3	+38.08%	Oct 13, 2025
Praneeth Satish Wells Fargo	Wells Fargo	Sell Maintains $1 → $1.5	Sell	Maintains	$1 → $1.5	-37.24%	Aug 13, 2025
Craig Irwin Roth Capital	Roth Capital	Hold Maintains $1.25 → $1.8	Hold	Maintains	$1.25 → $1.8	-24.69%	Aug 12, 2025
Ameet Thakkar BMO Capital	BMO Capital	Sell Maintains $1 → $1.1	Sell	Maintains	$1 → $1.1	-53.97%	Aug 12, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

113.42M

Increased by 14.14%

from 99.37M

Revenue Next Year

137.80M

Increased by 21.50%

from 113.42M

EPS This Year

-0.24

from -0.30

EPS Next Year

-0.19

from -0.24

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	104.51M	81.86M	102.37M	69.73M	99.37M	113.42M	137.80M
Revenue Growth	0.61%	-21.67%	25.05%	-31.88%	42.50%	14.14%	21.50%
EPS	-0.39	-0.58	-0.60	-1.08	-0.30	-0.24	-0.19
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	13	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	166.5M	207.4M
Avg	113.4M	137.8M
Low	90.2M	98.0M

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	67.5%	82.8%
Avg	14.1%	21.5%
Low	-9.3%	-13.6%

EPS Forecast

EPS	2026	2027
High	-0.12	-0.08
Avg	-0.24	-0.19
Low	-0.32	-0.26

EPS Growth

EPS Growth	2026	2027
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.