Ballard Power Systems Inc has reported its Q2 2026 earnings, showing steady revenue growth despite ongoing challenges.
Recent earnings trend
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Ballard Power Systems Inc
BLDP.TO
BLDP.TO
Ballard Power Systems Inc
WealthAwesomeMarket cap
$1.12B
52W high
$9.08
52W low
$2.34
1W change
+2.39%
Beta
1.92
Analyst Price Targets
Based on analyst covering BLDP
Wall Street analysts forecast BLDP stock price to rise 18.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.57
+18.5% Upside
Current Price
C$3.86
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BLDP's historical volatility
30-Day Vol
79.5%
Annualized
90-Day Vol
100.6%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$3.23
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$3.64 | C$2.76 – C$4.78 |
| 60 trading days | C$3.43 | C$2.33 – C$5.05 |
| 90 trading days | C$3.23 | C$2.01 – C$5.19 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 5 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-12 | — | -0.0400 | — |
| 2026-06-30 | 2026-07-30 | -0.0400 | -0.0400 | +0.0% |
| 2026-03-31 | 2026-05-05 | -0.0400 | -0.0600 | +33.3% |
| 2025-12-31 | 2026-03-12 | -0.0400 | -0.0800 | +50.0% |
| 2025-09-30 | 2025-11-13 | -0.0900 | -0.1000 | +10.0% |
| 2025-06-30 | 2025-08-11 | -0.1100 | -0.0900 | -22.2% |
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In its latest earnings report, Ballard Power Systems Inc (BLDP.TO) announced a second-quarter EPS of -$0.04, which aligns with analyst estimates. The company is navigating the competitive hydrogen fuel cell market while making strategic moves, including a significant acquisition.
Investor takeaway: While Ballard's earnings matched estimates, its focus on cutting costs and strategic acquisitions could lead to future growth. Investors should consider these factors alongside the current financial performance and market conditions.
Revenue Growth of 15% Year-Over-Year
Ballard reported total revenue of $20.6 million for Q2 2026, a 15% increase from the same period last year, thanks to notable improvements in gross margins.
Bull case
The acquisition of GeoPura could strengthen Ballard's market position and create new revenue opportunities, especially in the energy-as-a-service sector. This move might lead to profitability by 2027.
Bear case
Despite the revenue growth, Ballard is still reporting negative earnings and high operating expenses, which raises concerns about its path to profitability and the unpredictable nature of the hydrogen market.
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