Ballard Power Systems (NASDAQ:BLDP) Price Target Raised to $2.10 at BMO Capital Markets

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) had its price target raised by BMO Capital Markets from $1.70 to $2.10 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an underperform rating on the technology company’s stock.

Several other equities analysts have also commented on BLDP. Lake Street Capital raised Ballard Power Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $3.00 to $5.00 in a research note on Tuesday. TD Securities raised Ballard Power Systems from a “sell” rating to a “hold” rating and set a $2.50 price target on the stock in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ballard Power Systems in a research note on Monday, April 20th. Wells Fargo & Company upped their price target on Ballard Power Systems from $1.50 to $2.00 and gave the company an “underweight” rating in a research note on Friday, March 27th. Finally, TD Cowen upped their price target on Ballard Power Systems from $2.50 to $4.25 and gave the company a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Ballard Power Systems currently has an average rating of “Reduce” and an average price target of $3.51.

Ballard Power Systems Stock Up 10.4%

Shares of NASDAQ:BLDP opened at $4.78 on Wednesday. The company has a quick ratio of 9.14, a current ratio of 9.86 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $2.67 and a two-hundred day moving average of $2.74. The stock has a market cap of $1.44 billion, a P/E ratio of -17.70 and a beta of 1.94. Ballard Power Systems has a 52-week low of $1.18 and a 52-week high of $4.83.

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 (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $18.98 million during the quarter, compared to analysts’ expectations of $19.88 million. Ballard Power Systems had a negative return on equity of 13.30% and a negative net margin of 78.60%. On average, research analysts expect that Ballard Power Systems will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On Ballard Power Systems

Several large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in Ballard Power Systems by 29.1% during the 1st quarter. Royal Bank of Canada now owns 692,662 shares of the technology company’s stock worth $761,000 after acquiring an additional 156,014 shares in the last quarter. Amundi lifted its stake in Ballard Power Systems by 16.1% during the 1st quarter. Amundi now owns 68,140 shares of the technology company’s stock worth $74,000 after acquiring an additional 9,454 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Ballard Power Systems by 20.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,916,541 shares of the technology company’s stock worth $5,408,000 after acquiring an additional 829,012 shares in the last quarter. Jane Street Group LLC lifted its stake in Ballard Power Systems by 56.2% during the 1st quarter. Jane Street Group LLC now owns 1,485,948 shares of the technology company’s stock worth $1,635,000 after acquiring an additional 534,834 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Ballard Power Systems by 604.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 476,247 shares of the technology company’s stock worth $757,000 after acquiring an additional 408,641 shares in the last quarter. Institutional investors and hedge funds own 28.02% of the company’s stock.

Trending Headlines about 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.