$2.69
0.75% yesterday
Nasdaq, Dec 24, 10:16 pm CET
ISIN
CA0585861085
Symbol
BLDP

Ballard Power Systems Inc. Target price 2025 - Analyst rating & recommendation

Ballard Power Systems Inc. Classifications & Recommendation:

Hold
33%
Sell
67%

Ballard Power Systems Inc. Price Target

Target Price $17.21
Price $2.69
Potential
Number of Estimates 3
3 Analysts have issued a price target Ballard Power Systems Inc. 2026 . The average Ballard Power Systems Inc. target price is $17.21. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 9 analysts: 0 Analysts recommend Ballard Power Systems Inc. to buy, 3 to hold and 6 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Ballard Power Systems Inc. stock has an average upside potential 2026 of . Most analysts recommend the Ballard Power Systems Inc. stock at Sale.

Sales and Margin forecast 2025, 2026 to 2031

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Quarter Annually
Dec '24 2025
Estimates
Revenue Million $ 69.73 97.72
31.88% 40.15%
EBITDA Margin -226.77% -116.41%
51.36% 48.67%
Net Margin -465.01% -101.02%
167.85% 78.28%

14 Analysts have issued a sales forecast Ballard Power Systems Inc. 2025 . The average Ballard Power Systems Inc. sales estimate is

$97.7m
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. This is
8.28% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$110m 21.50%
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, the lowest is
$88.5m 1.95%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $69.7m 31.88%
2025
$97.7m 40.15%
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2026
$109m 11.25%
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2027
$125m 15.04%
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2028
$170m 36.20%
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2029
$213m 25.15%
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2030
$266m 24.88%
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2031
$333m 24.90%
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13 Analysts have issued an Ballard Power Systems Inc. EBITDA forecast 2025. The average Ballard Power Systems Inc. EBITDA estimate is

$-114m
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. This is
11.75% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$-111m 8.61%
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, the lowest is
$-119m 16.96%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 $-158m 3.10%
2025
$-114m 28.06%
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2026
$-69.8m 38.67%
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2027
$-46.0m 34.09%
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2028
$-42.8m 6.84%
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2029
$-35.7m 16.67%
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2030
$-25.5m 28.57%
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2031
$-12.2m 52.00%
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EBITDA Margin

2024 -226.77% 51.36%
2025
-116.41% 48.67%
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2026
-64.17% 44.88%
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2027
-36.77% 42.70%
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2028
-25.15% 31.60%
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2029
-16.75% 33.40%
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2030
-9.58% 42.81%
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2031
-3.68% 61.59%
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14 Ballard Power Systems Inc. Analysts have issued a net profit forecast 2025. The average Ballard Power Systems Inc. net profit estimate is

$-98.7m
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. This is
17.64% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-88.4m 26.27%
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, the lowest is
$-100m 16.44%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 $-324m 82.45%
2025
$-98.7m 69.55%
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2026
$-70.8m 28.26%
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2027
$-50.9m 28.14%
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Net Margin

2024 -465.01% 167.85%
2025
-101.02% 78.28%
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2026
-65.14% 35.52%
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2027
-40.69% 37.53%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2031

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ -1.08 -0.33
83.05% 69.44%
P/E negative
EV/Sales 3.07

14 Analysts have issued a Ballard Power Systems Inc. forecast for earnings per share. The average Ballard Power Systems Inc. EPS is

$-0.33
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. This is
17.50% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$-0.29 27.50%
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, the lowest is
$-0.33 17.50%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 $-1.08 83.05%
2025
$-0.33 69.44%
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2026
$-0.24 27.27%
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2027
$-0.17 29.17%
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P/E ratio

Current -6.73 352.50%
2025
-8.19 21.78%
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2026
-11.42 39.44%
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2027
-15.89 39.14%
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Based on analysts' sales estimates for 2025, the Ballard Power Systems Inc. stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.32 345.93%
2025
3.07 7.67%
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2026
2.76 10.11%
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2027
2.40 13.07%
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2028
1.76 26.58%
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2029
1.41 20.10%
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2030
1.13 19.92%
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2031
0.90 19.94%
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P/S ratio

Current 8.92 67.46%
2025
8.24 7.65%
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2026
7.40 10.11%
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2027
6.44 13.07%
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2028
4.72 26.58%
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2029
3.78 20.09%
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2030
3.02 19.92%
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2031
2.42 19.94%
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Current Ballard Power Systems Inc. Upgrades & Downgrades

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Analyst Rating Action Date
UBS
Locked
Locked
Locked Oct 22 2025
Susquehanna
Locked
Locked
Locked Oct 13 2025
Wells Fargo
Locked
Locked
Locked Aug 13 2025
BMO Capital
Locked
Locked
Locked Aug 12 2025
Roth Capital
Locked
Locked
Locked Aug 12 2025
Lake Street
Locked
Locked
Locked Aug 11 2025
Susquehanna
Locked
Locked
Locked Jul 21 2025
Analyst Rating Date
Locked
UBS:
Locked
Locked
Oct 22 2025
Locked
Susquehanna:
Locked
Locked
Oct 13 2025
Locked
Wells Fargo:
Locked
Locked
Aug 13 2025
Locked
BMO Capital:
Locked
Locked
Aug 12 2025
Locked
Roth Capital:
Locked
Locked
Aug 12 2025
Locked
Lake Street:
Locked
Locked
Aug 11 2025
Locked
Susquehanna:
Locked
Locked
Jul 21 2025

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