Ballard Power Systems (NASDAQ:BLDP) Given New $4.75 Price Target at National Bank Financial

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) had its target price boosted by National Bank Financial from $3.15 to $4.75 in a report published on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. ATB Cormark Capital Markets upped their target price on Ballard Power Systems from $3.50 to $4.30 and gave the stock a “sector perform” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on Ballard Power Systems from $1.50 to $2.00 and gave the stock an “underweight” rating in a research report on Friday, March 27th. TD Securities raised Ballard Power Systems from a “sell” rating to a “hold” rating and set a $2.50 target price for the company in a research report on Friday, January 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ballard Power Systems in a research note on Monday, April 20th. Finally, BMO Capital Markets boosted their price target on Ballard Power Systems from $1.70 to $2.10 and gave the stock an “underperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Ballard Power Systems presently has a consensus rating of “Reduce” and a consensus target price of $3.51.

Ballard Power Systems Price Performance

BLDP stock opened at $4.78 on Wednesday. The stock has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.74. Ballard Power Systems has a 12-month low of $1.18 and a 12-month high of $4.83. The company has a current ratio of 9.86, a quick ratio of 9.14 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.44 billion, a PE ratio of -17.70 and a beta of 1.94.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its earnings results on Tuesday, May 5th. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. Ballard Power Systems had a negative return on equity of 13.30% and a negative net margin of 78.60%.The company had revenue of $18.98 million during the quarter, compared to the consensus estimate of $19.88 million. As a group, research analysts predict that Ballard Power Systems will post -0.21 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Ballard Power Systems by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 692,201 shares of the technology company’s stock worth $1,883,000 after acquiring an additional 215,954 shares in the last quarter. J. Derek Lewis & Associates Inc. acquired a new position in shares of Ballard Power Systems in the fourth quarter worth about $117,000. BNP Paribas Financial Markets lifted its stake in shares of Ballard Power Systems by 204.5% in the fourth quarter. BNP Paribas Financial Markets now owns 3,993,972 shares of the technology company’s stock worth $10,145,000 after acquiring an additional 2,682,355 shares in the last quarter. Leonteq Securities AG acquired a new stake in Ballard Power Systems during the fourth quarter valued at approximately $319,000. Finally, GSA Capital Partners LLP raised its stake in Ballard Power Systems by 108.5% during the fourth quarter. GSA Capital Partners LLP now owns 709,304 shares of the technology company’s stock valued at $1,802,000 after buying an additional 369,137 shares in the last quarter. Institutional investors and hedge funds own 28.02% of the company’s stock.

Key Stories Impacting Ballard Power Systems

Here are the key news stories impacting Ballard Power Systems this week:

• Positive Sentiment: Solaris (European bus OEM) formally selected Ballard’s FCmove?SC fuel cell for its next?generation hydrogen bus platform — a commercial win that supports near?term order visibility and ongoing commercialization in Europe. Solaris Selects Ballard’s FCmove®?SC Engine
• Positive Sentiment: Lake Street Capital upgraded BLDP from “hold” to “buy” and raised its PT to $5.00 — a constructive analyst endorsement that signals potential upside vs. recent analyst coverage. Lake Street Upgrade to Buy
• Positive Sentiment: Technical indicator: BLDP produced a “golden cross” (50?day SMA crossed above 200?day SMA), a widely followed bullish signal that can attract momentum buyers and algorithmic flows. After Golden Cross, Technical Outlook is Bright
• Neutral Sentiment: Multiple brokers raised price targets (ATB Cormark to $4.30, Raymond James to $4.00, National Bank Financial to $4.75, TD Cowen to $4.25). Most ratings remain “sector/market perform” or “hold,” so these raises reflect improved outlooks but stop short of broad bullish re?ratings. Analyst Price Target Raises (BayStreet)
• Neutral Sentiment: Q1 results were mixed: EPS loss of $0.04 beat estimates (vs. -$0.06) but revenue ($18.98M) missed consensus and the company remains unprofitable with negative margins — a short?term positive on the EPS beat but still reflective of operating challenges. Q1 2026 Results and Call
• Negative Sentiment: BMO Capital kept an “underperform” rating and raised its target only to $2.10 — a large implied downside versus current levels that may keep some investors cautious and limit upside momentum. BMO Underperform / Low PT

About Ballard Power Systems

Ballard Power Systems (NASDAQ:BLDP) is a Canadian technology company specializing in the development and manufacture of proton exchange membrane (PEM) fuel cell products. Headquartered in Vancouver, British Columbia, Ballard designs and sells fuel cell stacks and modules that enable zero-emission power generation for a variety of applications, including heavy-duty motive systems, backup power, material handling equipment, and portable power solutions.

Since its founding in 1979, Ballard has built a strong intellectual property portfolio and a track record of innovation in PEM fuel cell technology.