BLDP$2.84
$2.83
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Powered by LiveAIOverall Analysis
NeutralBallard Power Systems exhibits potential in the growing hydrogen fuel cell market, supported by government initiatives and increasing demand for clean energy. However, persistent unprofitability, negative free cash flow, and high burn rate present significant risks. Technicals show a highly volatile stock with mixed signals.
Thematic
Ballard Power Systems is positioned within the high-growth hydrogen fuel cell sector, benefiting from global decarbonization trends and supportive government policies. The transition to cleaner energy sources and the growing adoption of fuel cell technology in transportation and stationary power represent significant tailwinds.
Fundamental
Ballard Power Systems demonstrates significant revenue generation but continues to operate at a loss with negative gross profit and substantial net losses. The company has a strong cash position, but its negative free cash flow and high cash burn rate are concerning for long-term sustainability without further capital infusion.
Technical
The stock has shown strong recent performance (43.82% in the last month), but its daily trend shows slight weakness (-0.08% change). Key technical indicators are mixed, suggesting a period of consolidation or potential volatility, with some oscillators indicating overbought conditions on shorter timeframes and bullish signals on longer timeframes.
| Factor | Score |
|---|---|
| Hydrogen Economy Growth | 90 |
| Decarbonization & Clean Energy Policy | 85 |
| End-Market Adoption (Transportation & Stationary Power) | 70 |
| Competitive Landscape | 65 |
| Infrastructure Development | 65 |
| Factor | Score |
|---|---|
| Valuation | 30 |
| Profitability | 5 |
| Growth | 20 |
| Balance Sheet Health | 90 |
| Cash Flow | 15 |
| Factor | Score |
|---|---|
| Trend Analysis | 60 |
| Momentum | 50 |
| Moving Averages | 70 |
| Volume | 65 |
| Support/Resistance | 40 |
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Powered by LiveAIBullish Points (7)
Positive Short-Term Momentum
The stock price has increased by 43.82% over the last month and 54.40% over the last six months, indicating strong recent performance.
Strong Cash Position
The company holds $603.95 million in cash equivalents as of Q4 2024, providing significant financial flexibility and stability.
Bearish Points (8)
Significant Net Losses
The company has consistently reported substantial net losses, with a net income of -$324.25 million in FY 2024 and -$177.72 million in FY 2023, indicating persistent unprofitability.
Negative Gross Profit
The gross profit is negative (-$21.98 million in FY 2024), signifying that the cost of goods sold exceeds revenue, a critical concern for core business operations.
Calendar
August 2025
11
Next Earnings Date
H: $-0.07
A: $-0.09
L: $-0.13
H: 23.76M
A: 18.03M
L: 12.90M
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 its products for power product comprising for bus, truck, rail, marine, stationary power, 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 services; and provision of engineering services, product and systems integration services, and related technology transfer for various PEM fuel cell applications. It operates in the United States, Germany, Canada, China, Poland, the United Kingdom, the Netherlands, France, Denmark, Belgium, India, Taiwan, Korea, Spain, Norway, Australia, Japan, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
Seasonals
Price Target
2.59 USD
The 39 analysts offering 1 year price forecasts for BLDP have a max estimate of 6.50 and a min estimate of 1.00.
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