Ballard Power Systems Inc.
Ballard Power Systems Inc. (BLDP) is listed on NASDAQ and classified in Electrical Equipment & Parts, part of the Industrials sector. It is headquartered in Burnaby, Canada and has 492 employees. The company is worth $523.13M. Revenue was $99.37M in fiscal 2025, up 42.5% from the year before. It reported a net loss of $90.91M. The share price is 77.3% below its 52-week high of $6.57. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $42.13M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -89.6% over 5Y.
today you would have $86.64▼ -91.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $2.54 | $1.66 | $3.70 | $4.79 | |
| P/S | 9.2x | 7.7x | 7.1x | 10.8x | 17.5x |
| P/B | 1.2x | 1.3x | 0.7x | 1.1x | 1.2x |
| EPS | -$0.30 | -$1.08 | -$0.59 | -$0.58 | |
| Profit margin | -192.77% | -91.49% | -464.99% |
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| HYHyster-yale Inc | $29.20 | — | 1.3x | 4.97% | -23.61% | $523.57M |
| FWRDForward Air Corp | $15.62 | — | — | 0.00% | -735.72% | $527.66M |
| SBCSBC Medical Group Holdings Inc | $5.16 | 11.0x | 2.0x | 0.00% | 18.91% | $530.69M |
| ONTOnterris, Inc. | $14.64 |
| -173.61% |
| -211.94% |
| ROE | -16.67% | -15.41% | -48.18% | -17.93% | -14.97% |
Median of the years shown; P/E years above 200x are left out.
| — |
| 1.2x |
| 0.00% |
| -2.39% |
| $514.12M |
| WNCWABASH NATIONAL Corp | $13.10 | — | 1.8x | 2.44% | -22.87% | $533.66M |
| FACFactorial Energy Inc. | $4.76 | — | 6.0x | 0.00% | — | $511.3M |