Ballard Power Systems (NASDAQ:BLDP) Given New $4.00 Price Target at Raymond James Financial

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) had its target price increased by Raymond James Financial from $2.40 to $4.00 in a report issued on Wednesday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the technology company’s stock.

A number of other equities analysts have also issued reports on the company. ATB Cormark Capital Markets increased their price target on Ballard Power Systems from $3.50 to $4.30 and gave the company a “sector perform” rating in a research note on Wednesday. TD Cowen increased 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. BMO Capital Markets increased their price objective on Ballard Power Systems from $1.70 to $2.10 and gave the company an “underperform” rating in a research report on Wednesday. National Bank Financial increased their price objective on Ballard Power Systems from $3.15 to $4.75 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their price objective on Ballard Power Systems from $1.50 to $2.00 and gave the company an “underweight” rating in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $3.51.

Ballard Power Systems Stock Performance

Shares of NASDAQ BLDP opened at $4.78 on Wednesday. The stock has a fifty day moving average price of $2.67 and a two-hundred day moving average price of $2.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 9.14 and a current ratio of 9.86. The firm 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 1 year low of $1.18 and a 1 year high of $4.83.

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

Institutional Investors Weigh In On Ballard Power Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of Ballard Power Systems by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 692,201 shares of the technology company’s stock valued at $1,883,000 after acquiring an additional 215,954 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Ballard Power Systems during the 4th quarter valued at $117,000. BNP Paribas Financial Markets lifted its position in shares of Ballard Power Systems by 204.5% during the 4th quarter. BNP Paribas Financial Markets now owns 3,993,972 shares of the technology company’s stock valued at $10,145,000 after acquiring an additional 2,682,355 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Ballard Power Systems during the 4th quarter valued at $319,000. Finally, GSA Capital Partners LLP lifted its position in shares of Ballard Power Systems by 108.5% during the 4th quarter. GSA Capital Partners LLP now owns 709,304 shares of the technology company’s stock valued at $1,802,000 after acquiring an additional 369,137 shares during the last quarter. Institutional investors and hedge funds own 28.02% of the company’s stock.

Ballard Power Systems News Roundup

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.