KeyCorp Expects Increased Earnings for Ballard Power Systems

Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) – Research analysts at KeyCorp lifted their Q3 2026 earnings estimates for shares of Ballard Power Systems in a research report issued on Monday, August 3rd. KeyCorp analyst S. Jain now anticipates that the technology company will earn ($0.05) per share for the quarter, up from their previous estimate of ($0.06). KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Ballard Power Systems’ current full-year earnings is ($0.19) per share.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings results on Friday, July 31st. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Ballard Power Systems had a negative net margin of 72.78% and a negative return on equity of 13.23%. The company had revenue of $20.34 million for the quarter, compared to analysts’ expectations of $25.24 million.

Other equities research analysts also recently issued research reports about the stock. ATB Cormark Capital Markets lifted their target price on shares of Ballard Power Systems from $3.50 to $4.30 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Raymond James Financial increased their price target on Ballard Power Systems from $2.40 to $4.00 and gave the company a “market perform” rating in a report on Wednesday, May 6th. Zacks Research upgraded Ballard Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Susquehanna reduced their price objective on Ballard Power Systems from $3.50 to $3.00 and set a “neutral” rating for the company in a research report on Monday. Finally, TD Cowen increased their target price on Ballard Power Systems from $2.50 to $4.25 and gave the company a “hold” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Ballard Power Systems has an average rating of “Hold” and an average target price of $3.50.

Ballard Power Systems Stock Down 2.7%

Shares of Ballard Power Systems stock opened at $2.55 on Tuesday. The company has a market cap of $768.85 million, a price-to-earnings ratio of -9.81 and a beta of 2.29. The company’s 50 day moving average is $3.60 and its 200 day moving average is $3.23. Ballard Power Systems has a twelve month low of $1.70 and a twelve month high of $6.57. The company has a quick ratio of 10.36, a current ratio of 11.19 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Ballard Power Systems

A number of hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its position in shares of Ballard Power Systems by 228.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,000 shares of the technology company’s stock valued at $25,000 after purchasing an additional 6,952 shares during the period. Swiss Life Asset Management Ltd bought a new position in Ballard Power Systems in the 4th quarter worth $26,000. Ground Swell Capital LLC purchased a new stake in Ballard Power Systems in the 1st quarter worth $26,000. Intesa Sanpaolo S.p.A. purchased a new stake in Ballard Power Systems in the 4th quarter worth $28,000. Finally, Cetera Investment Advisers bought a new stake in Ballard Power Systems during the first quarter valued at about $33,000. 28.02% of the stock is currently owned by institutional investors.

Ballard Power Systems Company Profile

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.