$2.13
0.00%
Nasdaq, Sep 25, 04:01 pm EDT. Closed.
ISIN
CA0585861085
Symbol
BLDP

Ballard Power Systems Inc. Target price 2026 - Analyst rating & recommendation

Ballard Power Systems Inc. Classifications & Recommendation

Hold
33%
Sell
67%

Ballard Power Systems Inc. Price Target

Target Price $4.61
Price $2.13
Potential
Number of Estimates 3
3 Analysts have issued a price target Ballard Power Systems Inc. 2027 . The average Ballard Power Systems Inc. target price is $4.61. 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 2027 of . Most analysts recommend the Ballard Power Systems Inc. stock at Sale.

Sales and Margin forecast 2026, 2027 & 2028

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Revenue Million $ 99.37 107.31
42.51% 7.99%
EBITDA Margin -78.58% -39.79%
65.35% 49.36%
Net Margin -91.49% -48.47%
80.33% 47.02%

10 Analysts have issued a sales forecast Ballard Power Systems Inc. 2026 . The average Ballard Power Systems Inc. sales estimate is

$107m
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. This is
1.08% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$123m 15.72%
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, the lowest is
$94.5m 10.95%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $99.4m 42.51%
2026
$107m 7.99%
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2027
$145m 35.01%
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2028
$149m 3.02%
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9 Analysts have issued an Ballard Power Systems Inc. EBITDA forecast 2026. The average Ballard Power Systems Inc. EBITDA estimate is

$-42.7m
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. This is
7.18% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$-36.8m 20.11%
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, the lowest is
$-47.2m 2.51%
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.

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

EBITDA Estimates

2025 $-78.1m 50.62%
2026
$-42.7m 45.32%
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2027
$-32.4m 24.00%
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2028
$-21.7m 33.26%
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EBITDA Margin

2025 -78.58% 65.35%
2026
-39.79% 49.36%
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2027
-22.40% 43.70%
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2028
-14.51% 35.22%
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10 Ballard Power Systems Inc. Analysts have issued a net profit forecast 2026. The average Ballard Power Systems Inc. net profit estimate is

$-52.0m
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. This is
32.68% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-38.0m 50.83%
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, the lowest is
$-66.2m 14.34%
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.

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

Net Profit Estimates

2025 $-90.9m 71.96%
2026
$-52.0m 42.78%
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2027
$-35.2m 32.43%
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2028
$-26.9m 23.44%
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Net Margin

2025 -91.49% 80.33%
2026
-48.47% 47.02%
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2027
-24.26% 49.95%
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2028
-18.03% 25.68%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 & 2028

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Earnings Per Share $ -0.30 -0.17
72.22% 43.33%
P/E negative
EV/Sales 2.46

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

$-0.17
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. This is
34.62% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
$-0.13 50.00%
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, the lowest is
$-0.22 15.38%
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.

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

Earnings Per Share

2025 $-0.30 72.22%
2026
$-0.17 43.33%
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2027
$-0.12 29.41%
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2028
$-0.09 25.00%
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P/E ratio

Current -8.19 196.00%
2026
-12.35 50.75%
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2027
-18.27 47.94%
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2028
-23.87 30.65%
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Based on analysts' sales estimates for 2026, 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 2.49 30.25%
2026
2.46 1.16%
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2027
1.82 25.93%
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2028
1.77 2.93%
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P/S ratio

Current 7.06 34.98%
2026
6.99 1.07%
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2027
5.17 25.93%
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2028
5.02 2.94%
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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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