# Ballard Power Systems share price today (Ballard Power Systems Inc., BLDP)

> Ballard Power Systems Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. BLDP · Industrials · Electrical Equipment & Parts · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/bldp

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## Key numbers

- Price: $1.55 (−56.6% in a year)
- Revenue (Jun 2026): $20.6 M (+15.4% on a year ago)
- Profit (Jun 2026): −$20.3 M
- Operating margin: −62.0% (+91.3 points on a year ago)
- ROE: −15%, FY25
- ROIC: −5.1%, against a 14.2% cost of capital: −19.3 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Ballard Power Systems share price today? Ballard Power Systems Inc.'s share price was $1.55 at the close on 3 November 2026. That is 46.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between $1 and $6, and at that close it sat 2% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 18 weeks running. Over the last 1 year the share price moved −17% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 2 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Ballard Power Systems pay? Ballard Power Systems Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Ballard Power Systems on? Ballard Power Systems is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Ballard Power Systems profitable? Ballard Power Systems Inc. posted a net loss of $20.3 M in the Jun 2026 quarter. The full FY25 year was a loss of $90.9 M. That loss is 98.4% of the quarter's revenue. The same quarter a year earlier lost $21.0 M. 12 of the last 12 reported quarters were loss-making. ## How much revenue does Ballard Power Systems make, and is it growing? Ballard Power Systems Inc. reported $20.6 M of revenue in the Jun 2026 quarter, +15.4% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown −1.3% a year on average. The last full year, FY25, came in at $99.4 M. FY25 revenue was $99.4 M, +42.5% on the year before. Recent pace: the last four quarters grew +43.4% on average, against −1.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +49.1%, against +8.4% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Ballard Power Systems keep? Ballard Power Systems Inc.'s operating margin was −62.0% in the Jun 2026 quarter, 91.3 percentage points higher than the same quarter a year ago. Over the last four quarters it has moved +125.4 percentage points. Across 5 years it has been between −238.5% and −81.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +125.4 percentage points on the year while gross margin changed +43.2 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Ballard Power Systems' profit turning into cash? Ballard Power Systems Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $56.2 M of cash, against −$90.9 M of profit. After $9.8 M of spending on assets, free cash was −$66.0 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Ballard Power Systems' cash go? Ballard Power Systems Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $76.9 M on assets over the last 3 years. Averaged over those years that is 25.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $76.9 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Ballard Power Systems' P/E ratio, and how does it compare with its own history? Ballard Power Systems Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Ballard Power Systems Inc. at 5.5× its FY25 revenue of $99.4 M. The P/E comes back here once profit turns positive. ## Is the Ballard Power Systems business getting better or worse? Ballard Power Systems Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 10 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Ballard Power Systems earn on its capital? Ballard Power Systems Inc. earned a ROE of −15% in FY25. That is up from a low of −48% in FY24. Its return on capital used (ROIC) is 19.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −91.5% net margin and 0.15× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −91.5% net margin × 0.15× asset turnover × 1.16× leverage (assets divided by equity) ≈ −15.9% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: −5.1% − 14.2% = −19.3 percentage points. The 14.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Ballard Power Systems have too much debt? Ballard Power Systems Inc. has total debt of $19.7 M against shareholder equity of $560 M as of Jun 2026, so its debt is 0.04× its equity, which is very little. Year by year, that ratio went from 0.01 in FY21 to 0.04 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Ballard Power Systems shareholding pattern? 6.7% of Ballard Power Systems Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 8.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Ballard Power Systems from balance-sheet trouble? For Ballard Power Systems Inc., the Z-score is 2.38. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.38 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Ballard Power Systems rank in its industry? 40.1 out of 100, rank 17 of 30 in Electrical Equipment & Parts, with 50% of the evidence available. Ballard Power Systems Inc. scores 40.1 out of 100 against the 30 companies it is compared with in Electrical Equipment & Parts, ranking 17. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 21.1 + 6.6 + 10 + 2.4 = 40.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ballard Power Systems compared with? Ballard Power Systems ranks 17 of 30 Electrical Equipment & Parts companies on the 4-Factor Sector Score, with 40.1 out of 100. 1. [Acuity Inc.](https://www.sectoralpha.in/us/stocks/ayi) AYI · basing · Most evidence points up · 85% evidence 73.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 6.8% · Profit 34% · Operating margin change 3.6 points · 95% evidence Capital efficiency 18.5/25 · ROCE 18.3% · Operating margin 16.1% · 76% evidence Valuation 14.8/20 · P/E 18.6× · PEG 0.51 · 65% evidence Relative strength 16.7/20 · Lead over its industry 16.4% · Lead over S&P 500 -1.2% · 1 year -8.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 23.1 + 18.5 + 14.8 + 16.7 = 73.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Vertiv Holdings Co](https://www.sectoralpha.in/us/stocks/vrt) VRT · quiet · Most evidence points up · 71% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 26.2% · Profit 100% · Operating margin change 3.5 points · 83% evidence Capital efficiency 20.4/25 · ROCE 26.5% · Operating margin 20.4% · 76% evidence Valuation 9.0/20 · P/E 74.3× · PEG n/a · 15% evidence Relative strength 13.8/20 · Lead over its industry 8% · Lead over S&P 500 -10% · 1 year 31.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.4 + 20.4 + 9 + 13.8 = 69.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Hayward Holdings, Inc.](https://www.sectoralpha.in/us/stocks/hayw) HAYW · turning · Evidence leans up · 81% evidence 64.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 7.6% · Profit 22.9% · Operating margin change -0.2 points · 83% evidence Capital efficiency 14.6/25 · ROCE 8.8% · Operating margin 24.1% · 76% evidence Valuation 13.2/20 · P/E 22.2× · PEG 0.8 · 65% evidence Relative strength 18.6/20 · Lead over its industry 24.4% · Lead over S&P 500 5.2% · 1 year 3.8% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.4 + 14.6 + 13.2 + 18.6 = 64.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Bloom Energy Corporation](https://www.sectoralpha.in/us/stocks/be) BE · losing its lead · Evidence leans up · 67% evidence 64.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 100% · Profit 100% · Operating margin change 17 points · 71% evidence Capital efficiency 13.2/25 · ROCE 11.3% · Operating margin 18.5% · 76% evidence Valuation 8.7/20 · P/E 157.4× · PEG n/a · 15% evidence Relative strength 16.7/20 · Lead over its industry 25.7% · Lead over S&P 500 4.7% · 1 year 58.3% · 100% evidence · 2 of 12 weeks ahead Exact sum: 26.1 + 13.2 + 8.7 + 16.7 = 64.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Espey Mfg. & Electronics Corp. ESP · quiet · Evidence leans up · 81% evidence 62.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 2.3% · Profit 22.2% · Operating margin change -1.6 points · 83% evidence Capital efficiency 19.3/25 · ROCE 19.1% · Operating margin 25.8% · 76% evidence Valuation 14.6/20 · P/E 17× · PEG 0.58 · 65% evidence Relative strength 11.5/20 · Lead over its industry 3.6% · Lead over S&P 500 -13% · 1 year 38% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16.7 + 19.3 + 14.6 + 11.5 = 62.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [EnerSys](https://www.sectoralpha.in/us/stocks/ens) ENS · quiet · Too little evidence to rank firmly · 58% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Revenue n/a · Profit n/a · Operating margin change 2.1 points · 45% evidence Capital efficiency 17.3/25 · ROCE 15.8% · Operating margin 14% · 76% evidence Valuation 10.2/20 · P/E 21.4× · PEG n/a · 15% evidence Relative strength 13.1/20 · Lead over its industry 4.9% · Lead over S&P 500 -12.3% · 1 year 27.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.5 + 17.3 + 10.2 + 13.1 = 60.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Kimball Electronics, Inc.](https://www.sectoralpha.in/us/stocks/ke) KE · losing its lead · Evidence leans up · 81% evidence 58.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue -3.6% · Profit 70.6% · Operating margin change -0.4 points · 83% evidence Capital efficiency 10.6/25 · ROCE 7.5% · Operating margin 4.2% · 76% evidence Valuation 15.0/20 · P/E 22× · PEG 0.46 · 65% evidence Relative strength 16.1/20 · Lead over its industry 14.4% · Lead over S&P 500 -3.1% · 1 year -1.9% · 100% evidence · 4 of 12 weeks ahead Exact sum: 16.5 + 10.6 + 15 + 16.1 = 58.2 · What this means: Relative strength against the index is -3.1%, and revenue and profit growth are weak. 8. [Advanced Energy Industries, Inc.](https://www.sectoralpha.in/us/stocks/aeis) AEIS · quiet · Evidence leans up · 81% evidence 56.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 24.5% · Profit 100% · Operating margin change 7.8 points · 83% evidence Capital efficiency 13.8/25 · ROCE 10.4% · Operating margin 17% · 76% evidence Valuation 11.2/20 · P/E 64.6× · PEG 1 · 65% evidence Relative strength 4.2/20 · Lead over its industry -6% · Lead over S&P 500 -21.5% · 1 year 9.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.1 + 13.8 + 11.2 + 4.2 = 56.3 · What this means: Earnings are strong; relative strength in its sector is -6% and the one-year return is 9.9%. 9. [nVent Electric plc](https://www.sectoralpha.in/us/stocks/nvt) NVT · quiet · Evidence leans up · 81% evidence 53.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 46.2% · Profit 1.9% · Operating margin change 2.2 points · 83% evidence Capital efficiency 17.2/25 · ROCE 13.6% · Operating margin 18.8% · 76% evidence Valuation 5.0/20 · P/E 45.8× · PEG 4.29 · 65% evidence Relative strength 10.6/20 · Lead over its industry 8% · Lead over S&P 500 -9.4% · 1 year 16.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21 + 17.2 + 5 + 10.6 = 53.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 10. [Preformed Line Products Company](https://www.sectoralpha.in/us/stocks/plpc) PLPC · losing its lead · Evidence leans up · 81% evidence 52.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 16.9% · Profit 2.3% · Operating margin change 3.1 points · 83% evidence Capital efficiency 15.2/25 · ROCE 11.8% · Operating margin 13.1% · 76% evidence Valuation 8.2/20 · P/E 46.6× · PEG 1.94 · 65% evidence Relative strength 10.2/20 · Lead over its industry 12% · Lead over S&P 500 -5.9% · 1 year 48.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 18.4 + 15.2 + 8.2 + 10.2 = 52 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Energizer Holdings, Inc.](https://www.sectoralpha.in/us/stocks/enr) ENR · breaking out · Evidence leans up · 71% evidence 50.6 out of 100 Growth Capital Valuation Relative
12. [Hubbell Incorporated](https://www.sectoralpha.in/us/stocks/hubb) HUBB · quiet · Evidence leans down · 81% evidence 49.3 out of 100 Growth Capital Valuation Relative
13. [GrafTech International Ltd.](https://www.sectoralpha.in/us/stocks/eaf) EAF · turning · Evidence leans down · 67% evidence 47.1 out of 100 Growth Capital Valuation Relative
14. [Amprius Technologies, Inc.](https://www.sectoralpha.in/us/stocks/ampx) AMPX · quiet · Evidence leans down · 61% evidence 46.6 out of 100 Growth Capital Valuation Relative
15. [Powell Industries, Inc.](https://www.sectoralpha.in/us/stocks/powl) POWL · quiet · Evidence leans down · 81% evidence 43.5 out of 100 Growth Capital Valuation Relative
16. [Eos Energy Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/eose) EOSE · quiet · Evidence leans down · 64% evidence 43.0 out of 100 Growth Capital Valuation Relative
17. Ballard Power Systems Inc. this page BLDP · basing · Too little evidence to rank firmly · 50% evidence 40.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.1/35 · Revenue n/a · Profit n/a · Operating margin change 91.3 points · 32% evidence Capital efficiency 6.6/25 · ROCE -6.4% · Operating margin -62% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 2.4/20 · Lead over its industry -36.3% · Lead over S&P 500 -47.6% · 1 year -55.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.1 + 6.6 + 10 + 2.4 = 40.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 18. [Plug Power Inc.](https://www.sectoralpha.in/us/stocks/plug) PLUG · quiet · Evidence leans down · 61% evidence 40.0 out of 100 Growth Capital Valuation Relative
19. [Enovix Corporation](https://www.sectoralpha.in/us/stocks/envx) ENVX · basing · Too little evidence to rank firmly · 58% evidence 39.7 out of 100 Growth Capital Valuation Relative
20. [Atkore Inc.](https://www.sectoralpha.in/us/stocks/atkr) ATKR · Too little evidence to rank firmly · 51% evidence 39.1 out of 100 Growth Capital Valuation Relative
21. [Electrovaya Inc.](https://www.sectoralpha.in/us/stocks/elva) ELVA · quiet · Evidence leans down · 71% evidence 38.6 out of 100 Growth Capital Valuation Relative
22. [ADS-TEC Energy PLC](https://www.sectoralpha.in/us/stocks/adse) ADSE · basing · Too little evidence to rank firmly · 51% evidence 35.2 out of 100 Growth Capital Valuation Relative
23. [FuelCell Energy, Inc.](https://www.sectoralpha.in/us/stocks/fcel) FCEL · quiet · Most evidence points down · 64% evidence 34.8 out of 100 Growth Capital Valuation Relative
24. [T1 Energy Inc.](https://www.sectoralpha.in/us/stocks/te) TE · basing · Too little evidence to rank firmly · 58% evidence 33.4 out of 100 Growth Capital Valuation Relative
25. [Forgent Power Solutions, Inc.](https://www.sectoralpha.in/us/stocks/fps) FPS · quiet · Too little evidence to rank firmly · 44% evidence 58.3 out of 100 Growth Capital Valuation Relative
26. MSAV Holdings Ltd MSAV · Too little evidence to rank firmly · 11% evidence 57.2 out of 100 Growth Capital Valuation Relative
27. [Arxis, Inc.](https://www.sectoralpha.in/us/stocks/arxs) ARXS · quiet · Too little evidence to rank firmly · 28% evidence 41.9 out of 100 Growth Capital Valuation Relative
28. [X-Energy, Inc.](https://www.sectoralpha.in/us/stocks/xe) XE · quiet · Too little evidence to rank firmly · 26% evidence 39.9 out of 100 Growth Capital Valuation Relative
29. Lightbridge Corporation LTBR · quiet · Too little evidence to rank firmly · 47% evidence 38.8 out of 100 Growth Capital Valuation Relative
30. Factorial Energy Inc. FAC · basing · Too little evidence to rank firmly · 21% evidence 38.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Electrical Equipment & Parts](https://www.sectoralpha.in/us/sectors/electrical-equipment-parts), all 30 compared on one page. ## Which companies are close to Ballard Power Systems in size? Ballard Power Systems is the 24th largest of 27 Electrical Equipment & Parts companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: ADS-TEC Energy PLC, Kimball Electronics, Inc. and Enovix Corporation. Just below it: GrafTech International, Electrovaya Inc. and NeoVolta Inc. ### Electrical Equipment & Parts companies close in size

1. [ADS-TEC Energy PLC](https://www.sectoralpha.in/us/stocks/adse) $683 million
2. [Kimball Electronics, Inc.](https://www.sectoralpha.in/us/stocks/ke) $640 million
3. [Enovix Corporation](https://www.sectoralpha.in/us/stocks/envx) $629 million
4. Ballard Power Systems Inc. $549 million
5. [GrafTech International Ltd.](https://www.sectoralpha.in/us/stocks/eaf) $314 million
6. [Electrovaya Inc.](https://www.sectoralpha.in/us/stocks/elva) $263 million
7. [NeoVolta Inc.](https://www.sectoralpha.in/us/stocks/neov) $123 million

[All 27 Electrical Equipment & Parts companies, largest first](https://www.sectoralpha.in/us/sectors/electrical-equipment-parts#all-companies)

### Companies close in size in other industries

1. [Bankwell Financial Group, Inc.](https://www.sectoralpha.in/us/stocks/bwfg) $553 million · Banks - Regional
2. [Hyliion Holdings Corp.](https://www.sectoralpha.in/us/stocks/hyln) $552 million · Auto Parts
3. Ballard Power Systems Inc. $551 million
4. [Lucky Strike Entertainment Corporation](https://www.sectoralpha.in/us/stocks/luck) $551 million · Leisure
5. [Insteel Industries Inc.](https://www.sectoralpha.in/us/stocks/iiin) $551 million · Metal Fabrication

## What else do people ask about Ballard Power Systems? ### What were Ballard Power Systems's latest quarterly results? Ballard Power Systems Inc. reported revenue of $20.6 M and a net loss of $20.3 M for the Jun 2026 quarter. Earnings per share were −$0.07. The operating margin was −62.0%, 91.3 percentage points higher than a year earlier (as of 3 November 2026). ### What is Ballard Power Systems's market cap? Ballard Power Systems Inc.'s market capitalisation is $549 M at a stock price of $1.55. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ballard Power Systems performing? Ballard Power Systems Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 18 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Ballard Power Systems's stock price go up? This page does not forecast Ballard Power Systems Inc.'s stock price. What it shows instead: the stock price is $1.55. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Ballard Power Systems in its business cycle? Ballard Power Systems Inc.'s FY25 operating margin was −81.0%, against a 5-year range of −238.5% to −81.0%: the middle of its own range, neither a peak nor a low. The latest quarter was −62.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ballard Power Systems story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ballard Power Systems a stock worth studying right now? What the numbers show: Ballard Power Systems Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.