Ballard Power Systems - BLDP Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Reduce
Consensus Price Target: $3.97
Forecasted Upside: 47.58%
Number of Analysts: 14
Breakdown:
3 Sell Ratings
10 Hold Ratings
1 Buy Ratings
0 Strong Buy Ratings

^$2.69 As of 04/18/2024 01:00 AM ET

▼ -0.03 (-1.10%)

1 month | 3 months | 12 months

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Analyst Price Target for BLDP

^$3.97

▲ +47.58% Upside Potential

This price target is based on 14 analysts offering 12 month price targets for Ballard Power Systems in the last 3 months. The average price target is $3.97, with a high forecast of $6.00 and a low forecast of $2.30. The average price target represents a 47.58% upside from the last price of $2.69.

Current Consensus is Reduce

The current consensus among 14 investment analysts is to reduce stock in Ballard Power Systems. This Reduce consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
1 buy ratings
10 hold ratings
3 sell ratings

Ratings as of

10/26/2022

0 strong buy ratings
1 buy ratings
10 hold ratings
3 sell ratings

Ratings as of

1/24/2023

0 strong buy ratings
1 buy ratings
10 hold ratings
3 sell ratings

Ratings as of

4/24/2023

0 strong buy ratings
1 buy ratings
10 hold ratings
3 sell ratings

Ratings as of

7/23/2023

0 strong buy ratings
1 buy ratings
10 hold ratings
3 sell ratings

Ratings as of

10/21/2023

0 strong buy ratings
1 buy ratings
10 hold ratings
3 sell ratings

Ratings as of

1/19/2024

0 strong buy ratings
1 buy ratings
10 hold ratings
3 sell ratings

Ratings as of

3/19/2024

0 strong buy ratings
1 buy ratings
10 hold ratings
3 sell ratings

Ratings as of

4/18/2024

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
3/13/2024	Piper Sandler	Lower Target	Underweight ➝ Underweight	$3.00 ➝ $2.30	Low
3/13/2024	Raymond James	Lower Target	Market Perform ➝ Market Perform	$4.50 ➝ $4.00	Low
3/12/2024	TD Securities	Lower Target	Hold	$3.75 ➝ $3.00	Low
2/27/2024	Citigroup	Lower Target	Neutral	$4.50 ➝ $3.50	Low
1/30/2024	Jefferies Financial Group	Lower Target	Hold	$4.00 ➝ $3.50	Low
11/13/2023	Truist Financial	Lower Target	Hold ➝ Hold	$4.00 ➝ $3.50	Low
11/13/2023	Wells Fargo & Company	Lower Target	Underweight ➝ Underweight	$5.00 ➝ $3.50	Low
11/8/2023	Susquehanna	Lower Target	Neutral ➝ Neutral	$5.00 ➝ $4.00	Low
11/8/2023	Susquehanna Bancshares	Lower Target	Neutral	$5.00 ➝ $4.00	Low
11/8/2023	TD Securities	Lower Target	Hold	$4.00 ➝ $3.50	Low
11/8/2023	National Bankshares	Lower Target	Sector Perform	$7.00 ➝ $5.00	Low
11/8/2023	BMO Capital Markets	Lower Target	Underperform	$3.65 ➝ $3.50	Low
11/6/2023	Truist Financial	Lower Target	Hold ➝ Hold	$5.00 ➝ $4.00	Low
10/24/2023	HSBC	Upgrade	Hold ➝ Buy	$4.50	Low
10/16/2023	Jefferies Financial Group	Lower Target	Hold	$5.00 ➝ $4.50	Low
10/10/2023	UBS Group	Lower Target	Neutral ➝ Neutral	$6.50 ➝ $4.25	Low
9/25/2023	HSBC	Initiated Coverage	Hold	$4.50	Low
8/14/2023	Susquehanna	Lower Target	Neutral ➝ Neutral	$5.50 ➝ $5.00	Low
7/5/2023	Citigroup	Initiated Coverage	Neutral		Low
6/27/2023	B. Riley	Downgrade	Buy ➝ Neutral	$6.00 ➝ $5.00	Low
6/15/2023	Scotiabank	Lower Target		$6.75 ➝ $6.00	Low
6/14/2023	TD Securities	Boost Target	Hold	$5.00 ➝ $5.50	Low
6/14/2023	BMO Capital Markets	Downgrade	Market Perform ➝ Underperform	$4.50 ➝ $4.25	Low
5/8/2023	B. Riley	Lower Target		$9.00 ➝ $6.00	Low
3/21/2023	Raymond James	Lower Target	Market Perform	$6.00 ➝ $5.00	Low
3/20/2023	TD Securities	Lower Target	Hold	$6.50 ➝ $5.00	Low
3/20/2023	BMO Capital Markets	Lower Target		$5.50 ➝ $4.50	Low
3/20/2023	Susquehanna	Lower Target		$6.00 ➝ $5.50	Low
3/15/2023	Truist Financial	Lower Target		$7.00 ➝ $6.00	Low
3/9/2023	Scotiabank	Initiated Coverage	Sector Perform	$7.25	Low
1/17/2023	National Bankshares	Lower Target	Sector Perform	$8.00 ➝ $7.00	Low
1/6/2023	Wells Fargo & Company	Downgrade	Equal Weight ➝ Underweight	$6.00 ➝ $5.00	Low
12/13/2022	UBS Group	Initiated Coverage	Neutral		Low
12/8/2022	BMO Capital Markets	Initiated Coverage	Market Perform	$5.50	N/A
11/15/2022	Cowen	Lower Target		$7.50	N/A
11/8/2022	Raymond James	Lower Target	Market Perform	$10.00 ➝ $6.00	Low
11/8/2022	National Bankshares	Downgrade	Outperform ➝ Sector Perform	$12.00 ➝ $8.00	Low
11/8/2022	Susquehanna Bancshares	Lower Target	Neutral	$6.50 ➝ $6.00	Low
11/8/2022	Lake Street Capital	Lower Target		$32.00 ➝ $19.00	Low
11/8/2022	B. Riley	Lower Target		$11.00 ➝ $9.00	Low
11/8/2022	National Bank of Canada	Reiterated Rating	Outperform ➝ Sector Perform	$12.00 ➝ $8.00	Low
11/8/2022	TD Securities	Downgrade	Speculative Buy ➝ Hold	$11.00 ➝ $6.50	Low
11/8/2022	Susquehanna	Lower Target	Neutral	$6.50 ➝ $6.00	Low
11/8/2022	Citigroup	Lower Target	Neutral	$7.50 ➝ $6.30	N/A
11/8/2022	National Bank Financial	Downgrade	Outperform ➝ Sector Perform		Low
10/24/2022	Susquehanna Bancshares	Lower Target	Neutral	$7.50 ➝ $6.50	Low
10/24/2022	Susquehanna	Lower Target	Neutral	$7.50 ➝ $6.50	Low
10/19/2022	Jefferies Financial Group	Initiated Coverage	Hold	$6.00	Low
10/18/2022	Truist Financial	Lower Target	Hold	$9.00 ➝ $7.00	Low
10/4/2022	Citigroup	Lower Target		$10.00 ➝ $7.50	Low
10/3/2022	TD Securities	Lower Target	Speculative Buy	$12.50 ➝ $11.00	Low
8/15/2022	Cowen	Boost Target		$9.00	Low
8/11/2022	National Bankshares	Lower Target	Outperform	$13.00 ➝ $12.00	N/A
8/11/2022	TD Securities	Boost Target	Speculative Buy	$11.00 ➝ $12.50	N/A
8/10/2022	Raymond James	Downgrade	Outperform ➝ Market Perform	$9.00 ➝ $10.00	Low
6/8/2022	Piper Sandler	Initiated Coverage	Sell	$5.00	Low
6/2/2022	KeyCorp	Reiterated Rating	Sector Weight		High
5/10/2022	Raymond James	Lower Target	Outperform	$14.00 ➝ $9.00	Medium
5/10/2022	National Bankshares	Lower Target	Outperform	$14.00 ➝ $13.00	Medium
5/10/2022	B. Riley	Lower Target		$15.00 ➝ $12.00	High
3/16/2022	Citigroup	Lower Target	Neutral	$13.00 ➝ $11.00	High
3/15/2022	TD Securities	Lower Target	Speculative Buy	$20.00 ➝ $17.00	Medium
3/15/2022	National Bankshares	Lower Target	Outperform	$20.00 ➝ $14.00	Medium
3/15/2022	National Bank Financial	Lower Target	Outperform	$20.00 ➝ $14.00	Medium
3/14/2022	National Bank Financial	Reiterated Rating	Outperform Spec Overweight		High
3/10/2022	Susquehanna Bancshares	Boost Target	Neutral	$10.00 ➝ $11.00	Low
3/10/2022	Susquehanna	Boost Target	Neutral	$10.00 ➝ $11.00	Low
2/7/2022	BMO Capital Markets	Downgrade	Outperform ➝ Market Perform	$23.00 ➝ $10.00	Low
1/26/2022	Susquehanna Bancshares	Initiated Coverage	Neutral	$10.00	High
1/26/2022	Susquehanna	Initiated Coverage	Neutral	$10.00	High
1/24/2022	Truist Financial	Lower Target	Hold ➝ Hold	$18.00 ➝ $13.00	High
1/5/2022	KeyCorp	Initiated Coverage	Sector Weight ➝ Sector Weight		High
11/23/2021	Raymond James	Set Target	Outperform	$25.00	Medium
11/19/2021	Citigroup	Initiated Coverage	Overweight ➝ Underweight		Low
11/17/2021	Citigroup	Downgrade	Buy ➝ Neutral	$19.00	High
11/10/2021	B. Riley	Lower Target	Buy	$26.00 ➝ $23.00	Medium
11/4/2021	Sumitomo Mitsui Financial Group	Initiated Coverage	Neutral	$20.00	Low
10/15/2021	Truist Financial	Initiated Coverage	Hold	$18.00	Low
9/23/2021	Piper Sandler	Lower Target	Neutral	$14.00 ➝ $12.00	Medium
9/14/2021	Eight Capital	Reiterated Rating	Hold	C$18.00	Low
9/13/2021	Eight Capital	Initiated Coverage	Neutral		Medium
8/31/2021	Wolfe Research	Initiated Coverage	Underperform	$16.00	Low
8/10/2021	Raymond James	Reiterated Rating	Outperform	$25.00	Medium
8/9/2021	National Bank Financial	Lower Target	Outperform	$27.00 ➝ $26.00	Low
8/9/2021	National Bankshares	Lower Target	Outperform	$27.00 ➝ $26.00	High
7/13/2021	COKER & PALMER	Reiterated Rating	Sector Underperform		Medium
6/8/2021	Raymond James	Reiterated Rating	Outperform	$30.00	Low
5/11/2021	Roth Capital	Reiterated Rating	Buy ➝ Neutral	$32.00 ➝ $15.00	High
5/5/2021	National Bank Financial	Lower Target	Outperform	$33.00	Medium
5/5/2021	TD Securities	Lower Target	Speculative Buy	$30.00 ➝ $25.00	Medium
5/5/2021	National Bankshares	Lower Target	Outperform	$35.00 ➝ $27.00	Medium
5/5/2021	BMO Capital Markets	Lower Target	Positive ➝ Outperform	$35.00 ➝ $23.00	High
5/5/2021	B. Riley	Lower Target	Buy	$30.00 ➝ $26.00	High
5/5/2021	Raymond James	Downgrade	Strong-Buy ➝ Outperform	$40.00 ➝ $25.00	High
5/5/2021	Roth Capital	Downgrade	Buy ➝ Neutral	$32.00 ➝ $15.00	High
5/4/2021	Raymond James	Set Target	Strong-Buy	$40.00	High
4/28/2021	Raymond James	Set Target	Strong-Buy	$40.00	Medium
4/27/2021	Raymond James	Reiterated Rating	Strong-Buy	$49.50	Low
4/26/2021	Wells Fargo & Company	Initiated Coverage	Equal Weight	$26.00	N/A
4/19/2021	Wells Fargo & Company	Initiated Coverage	Equal Weight	$26.00	High
4/16/2021	B. Riley	Initiated Coverage	Buy	$30.00	High
3/30/2021	Northcoast Research	Initiated Coverage	Neutral		High
3/12/2021	Citigroup	Lower Target		$42.00 ➝ $33.00	Low
3/12/2021	Raymond James	Set Target	Strong-Buy	$40.00	Medium
3/12/2021	National Bank Financial	Lower Target	Outperform	$38.00 ➝ $35.00	Medium
3/12/2021	TD Securities	Lower Target	Speculative Buy	$40.00 ➝ $30.00	Medium
3/12/2021	Lake Street Capital	Boost Target	Buy	$20.00 ➝ $35.00	High
3/12/2021	BMO Capital Markets	Boost Target	Outperform	$35.00 ➝ $38.00	High
3/12/2021	HC Wainwright	Reiterated Rating	Hold		High
2/24/2021	Raymond James	Set Target	Strong-Buy	$40.00	Low
2/23/2021	National Bank Financial	Upgrade	Sector Perform Spec Overwgt ➝ Outperform Spec Overweight		High
2/23/2021	TD Securities	Upgrade	Hold ➝ Buy	$40.00	High
2/1/2021	CIBC	Initiated Coverage	Neutral	$38.00	Low
1/27/2021	Piper Sandler	Initiated Coverage	Neutral	$31.00	High
1/20/2021	Citigroup	Initiated Coverage	Buy	$42.00	Medium
1/19/2021	BMO Capital Markets	Initiated Coverage	Outperform	$39.00	N/A
1/14/2021	TD Securities	Downgrade	Speculative Buy ➝ Hold	$27.00 ➝ $40.00	Low
1/14/2021	National Bank of Canada	Reiterated Rating	Outperform ➝ Sector Perform		Medium
1/14/2021	National Bank Financial	Downgrade	Outperform ➝ Sector Perform	$25.00 ➝ $38.00	Medium
1/11/2021	Raymond James	Upgrade	Outperform ➝ Strong-Buy	$28.00 ➝ $40.00	High
1/6/2021	Raymond James	Set Target	Outperform	$28.00	N/A
12/16/2020	Raymond James	Set Target	Outperform	$28.00	Low
12/2/2020	National Bank Financial	Reiterated Rating	Outperform	$25.00	Low
11/30/2020	Raymond James	Set Target	Outperform	$28.00	Low
11/30/2020	TD Securities	Boost Target	Speculative Buy	$20.00 ➝ $27.00	Low
11/26/2020	National Bank Financial	Set Target	Outperform	$20.00	Low
11/17/2020	Raymond James	Set Target	Outperform	$28.00	Medium
11/10/2020	HC Wainwright	Downgrade	Buy ➝ Neutral		High
11/9/2020	National Bank Financial	Set Target	Outperform	$20.00	Medium
11/6/2020	Raymond James	Set Target	Outperform	$28.00	Medium
9/28/2020	Raymond James	Set Target	Outperform	$28.00	Low
8/26/2020	Raymond James	Set Target	Outperform	$28.00	Low
8/24/2020	Sanford C. Bernstein	Initiated Coverage	Outperform	$22.00	High
8/20/2020	National Bank of Canada	Upgrade	Outperform		High
8/20/2020	National Bank Financial	Upgrade	Sector Perform ➝ Outperform	$18.00 ➝ $20.00	High
8/17/2020	TD Securities	Upgrade	Hold ➝ Speculative Buy	$14.00 ➝ $20.00	High
8/10/2020	Raymond James	Set Target	Outperform	$28.00	Low
8/7/2020	Lake Street Capital	Boost Target	Buy	$13.00 ➝ $20.00	High
8/4/2020	Raymond James	Reiterated Rating	Outperform	$28.00	Low
7/16/2020	Raymond James	Initiated Coverage	Buy	$28.00	Low
7/13/2020	Roth Capital	Boost Target	Buy	$20.00 ➝ $25.00	High
7/6/2020	National Bank Financial	Initiated Coverage	Sector Perform	$18.00	High
7/5/2020	National Bank Financial	Reiterated Rating	Sector Perform Spec Overwgt		High
6/29/2020	Roth Capital	Upgrade	Neutral ➝ Buy	$10.00 ➝ $20.00	High
6/18/2020	TD Securities	Initiated Coverage	Hold	$14.00	Low
5/7/2020	HC Wainwright	Reiterated Rating	Buy	$16.00	High
3/10/2020	HC Wainwright	Upgrade	Neutral ➝ Buy	$16.00	Medium
3/6/2020	Roth Capital	Upgrade	Sell ➝ Neutral	$3.00 ➝ $11.00	Medium
3/6/2020	Lake Street Capital	Boost Target	Buy	$6.00 ➝ $13.00	High
12/17/2019	HC Wainwright	Reiterated Rating	Hold		Medium
11/1/2019	Lake Street Capital	Boost Target	Buy ➝ In-Line	$5.00 ➝ $6.00	Low
11/1/2019	HC Wainwright	Downgrade	Buy ➝ Neutral		Low
7/1/2019	Roth Capital	Downgrade	Neutral ➝ Sell	$3.00	Medium

(Data available from 4/18/2019 forward)

News Sentiment Rating

0.47 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

5 very positive mentions
0 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

9/21/2023

0 very positive mentions
3 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

10/21/2023

2 very positive mentions
6 positive mentions
4 negative mentions
0 very negative mentions

Mentions as of

11/20/2023

0 very positive mentions
0 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

12/20/2023

2 very positive mentions
4 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

1/19/2024

2 very positive mentions
3 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

2/18/2024

9 very positive mentions
14 positive mentions
2 negative mentions
2 very negative mentions

Mentions as of

3/19/2024

9 very positive mentions
11 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

4/18/2024

Current Sentiment

Recent Stories by Sentiment

Very Negative

No very negative mentions tracked during this time.

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications. It also engages in the delivery of services, including technology solutions, after sales services, and training; and provision of engineering services, product and systems integration services, and related technology transfer for a variety of PEM fuel cell applications. It operates in the United States, Germany, Canada, China, Poland, the United Kingdom, the Netherlands, France, Denmark, Belgium, India, Taiwan, Spain, Norway, Australia, Japan, and internationally. The company has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.

Today's Range

Now: $2.69

$2.68

$2.78

50 Day Range

MA: $3.02

$2.66

$3.33

52 Week Range

Now: $2.69

$2.66

$5.68

Volume

1,501,612 shs

Average Volume

3,041,069 shs

Market Capitalization

$805.09 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.66

Frequently Asked Questions

What sell-side analysts currently cover shares of Ballard Power Systems?: The following equities research analysts have issued reports on Ballard Power Systems in the last twelve months: B. Riley, BMO Capital Markets, Citigroup Inc., HSBC Holdings plc, Jefferies Financial Group Inc., National Bankshares, Inc., Piper Sandler, Raymond James, Scotiabank, Susquehanna, Susquehanna Bancshares, Inc., TD Securities, Truist Financial Co., UBS Group AG, and Wells Fargo & Company.
View the latest analyst ratings for BLDP.
What is the current price target for Ballard Power Systems?: 15 Wall Street analysts have set twelve-month price targets for Ballard Power Systems in the last year. Their average twelve-month price target is $3.97, suggesting a possible upside of 47.6%. Scotiabank has the highest price target set, predicting BLDP will reach $6.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $2.30 for Ballard Power Systems in the next year.
View the latest price targets for BLDP.
What is the current consensus analyst rating for Ballard Power Systems?: Ballard Power Systems currently has 3 sell ratings, 10 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Reduce."
View the latest ratings for BLDP.
What other companies compete with Ballard Power Systems?: Other companies that are similar to Ballard Power Systems include Thermon Group, Snap One, Grid Dynamics, TechTarget and Tuya. Learn More about companies similar to Ballard Power Systems.
How do I contact Ballard Power Systems' investor relations team?: Ballard Power Systems' physical mailing address is 9000 GLENLYON PARKWAY, BURNABY A1, V5J 5J8. The technology company's listed phone number is (604) 454-0900 and its investor relations email address is https://www.ballard.com. The official website for Ballard Power Systems is www.ballard.com. Learn More about contacing Ballard Power Systems investor relations.

Ballard Power Systems - BLDP Stock Price Target and Predictions

Analyst Price Target for BLDP

Current Consensus is Reduce

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

0.47 (Hold)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of Ballard Power Systems?

What is the current price target for Ballard Power Systems?

What is the current consensus analyst rating for Ballard Power Systems?

What other companies compete with Ballard Power Systems?

How do I contact Ballard Power Systems' investor relations team?