Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products primarily in Canada. The company offers heavy duty modules, marine systems, fuel cell stacks, backup power systems, and material handling products. It also provides technology solutions, including engineering and technology transfer, as well as the licenses and sells intellectual property portfolio and fundamental knowledge for various proton exchange membrane fuel cell applications. The company serves transit bus, rail, critical infrastructure, marine, material handling, stationary power, truck, and automotive markets. It markets its products in China, Germany, the United States, the United Kingdom, Belgium, Japan, Denmark, France, Taiwan, Norway, Spain, the Netherlands, Finland, Switzerland, and internationally. Ballard Power Systems Inc. has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. The company was founded in 1979 and is headquartered in Burnaby, Canada.
IPO Year:
Exchange: NASDAQ
Website: ballard.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/17/2025 | $1.00 | Neutral → Sell | Citigroup |
| 11/6/2024 | Buy → Hold | HSBC Securities | |
| 8/12/2024 | Hold → Sell | TD Securities | |
| 10/24/2023 | $4.50 | Hold → Buy | HSBC Securities |
| 9/25/2023 | $4.50 | Hold | HSBC Securities |
| 7/5/2023 | Neutral | Citigroup | |
| 6/27/2023 | $6.00 → $5.00 | Buy → Neutral | B. Riley Securities |
| 6/14/2023 | $4.50 → $4.25 | Market Perform → Underperform | BMO Capital Markets |
| 3/10/2023 | $7.25 | Sector Perform | Scotiabank |
| 1/6/2023 | Equal Weight → Underweight | Wells Fargo |
President of Verdagy, Rahul Bammi appointed CEO MOSS LANDING, Calif., June 17, 2025 /PRNewswire/ -- Verdagy, a leading green hydrogen electrolysis company, today announced a strategic leadership transition to accelerate its commercial expansion. After leading Verdagy as CEO for four years, Marty Neese is leaving to join Ballard Power Systems (NASDAQ:BLDP, TSX:BLDP) as CEO. Rahul Bammi, Verdagy's President since 2023, will succeed Neese as CEO. "I am grateful to have led Verdagy from its spin-out origins to its technology leading position today. The innovative Dynamic Alkaline electrolyzers we have pioneered establish Verdagy for unrivalled scalability and the lowest cost of hydrogen on the
VANCOUVER, BC, June 16, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced a planned leadership transition. After more than a decade of transformative leadership, Randy MacEwen will step down as President and Chief Executive Officer, with Marty Neese assuming the position effective July 7, 2025. "It has been a true privilege to lead Ballard for the past 11 years during a dynamic period for the company and hydrogen industry," said Randy MacEwen. "We have built a strong foundation that has positioned the company as an industry leader. Given changi
VANCOUVER, BC, June 12, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) has announced the filing of a final short form base shelf prospectus dated June 11 (the "Prospectus") in each of the provinces and territories of Canada together with a corresponding shelf registration statement on Form F-10 (the "Registration Statement") with the United States Securities and Exchange Commission (the "SEC"). The Prospectus qualifies the issuance of common shares, preferred shares, warrants to purchase common shares, debt securities and units comprised of one or more of any of the foregoing securities (all of the foregoing collectively, the "Securities") from time to time over a 25-mont
VANCOUVER, BC, June 5, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced the signing of a new supply agreement with California-based rail operator Sierra Northern Railway (https://www.sierranorthern.com) for the supply of 1.5 MW of fuel cell engines, expected to be delivered in 2025. As part of Sierra Northern Railway's efforts to decarbonize its operations across California, 12 Ballard FCmove®-XD engines will be supplied to convert three diesel switching locomotives to hydrogen-fueled, zero-emission locomotives. The FCmove®-XD modules are spec
VANCOUVER, BC, June 5, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced results of its 2025 Annual General Meeting, which was held on June 4th. All nominees listed in the Management Proxy Circular dated April 7th, 2025 were elected as directors of the Company. Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy. Director biographies are available in the "Our Leadership" section of the Company's website. Director Nominee Votes For % For Votes Withheld % Withheld Kathy Bayl
VANCOUVER, BC, May 6, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX:BLDP) today announced consolidated financial results for the first quarter ended March 31, 2025. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). Highlights (comparisons are to Q1 2024): Revenue of $15.4 million, up 6% YoY, primarily driven by bus market strength; engine shipments up 31%14 point improvement in gross margins, primarily driven by increased revenue and lower manufacturing overhead c
CHARLOTTE, N.C., April 28, 2025 (GLOBE NEWSWIRE) -- Fontaine Modification is leading a consortium of companies working together to develop a Class 6 fuel-cell-electric truck to meet the demands of "middle mile" delivery logistics. The consortium includes Ballard Power Systems, Forsee Power and Linamar Corporation. Fontaine Modification is serving as the vehicle and systems integrator. It is assembling the fuel cell electric vehicle (FCEV) on a 26,000-pound GVWR straight truck chassis at its flagship Charlotte, N.C., modification center. Ballard Power Systems is supplying the fuel cell system, and Forsee Power is supplying the high-voltage battery system. Linamar Corporation is providing
VANCOUVER, BC, April 3, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) will hold a conference call on Tuesday, May 6th, 2025 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2025 operating results. The live call can be accessed by dialing +1-844-763-8274 (Canada/US toll free). Alternatively, a live webcast can be accessed through a link on Ballard's homepage (www.ballard.com). Following the call, the webcast will be archived in the 'Earnings, Interviews & Presentations' area of the 'Investors' section of Ballard's website (www.bal
VANCOUVER, BC, March 13, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced consolidated financial results for the fourth quarter ended December 31, 2024. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "2024 was a tough year for the hydrogen and fuel cell industry," stated Randy MacEwen, Ballard's President and CEO. "Amidst prolonged policy uncertainty, there was a multi-year push-out in the development of hydrogen projects and the deployment of
VANCOUVER, BC, March 4, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced a multi-year supply agreement from Manufacturing Commercial Vehicles ('MCV', www.mcv-eg.com), a leading commercial vehicle manufacturer based in Egypt, for fuel cell engines totaling approximately 5 MW. The supply agreement for 50 FCmove®-HD+ engines, and initial order of 35 units, represents the continued growth of the relationship with MCV which started in 2022 with fuel cell engine integration support and the first fuel cell engine order placed in 2023. Deliveries of t