Ballard Power Systems Inc. (BLDP)

Ballard Power Systems Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Ballard Power Systems stock have an average target of 1.71, with a low estimate of 1.20 and a high estimate of 3.00. The average target predicts an increase of 22.14% from the current stock price of 1.40.

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$1.20	$1.71	$1.40	$3.00
Change	-14.29%	+22.14%	0.00%	+114.29%

Analyst Ratings

The average analyst rating for Ballard Power Systems stock from 11 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	1	1	1	1	1	0
Buy	0	0	0	0	0	0
Hold	6	6	6	6	6	7
Sell	4	4	4	3	3	3
Strong Sell	0	0	0	0	1	1
Total	11	11	11	10	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Manav Gupta UBS	UBS	Hold Maintains $2 → $1.4	Hold	Maintains	$2 → $1.4	n/a	May 12, 2025
Vikram Bagri Citigroup	Citigroup	Hold → Strong Sell Downgrades n/a	Hold → Strong Sell	Downgrades	n/a	n/a	Apr 17, 2025
Biju Perincheril Susquehanna	Susquehanna	Hold Maintains $1.4 → $1.3	Hold	Maintains	$1.4 → $1.3	-7.14%	Apr 14, 2025
Craig Irwin Roth MKM	Roth MKM	Hold Maintains $1.75 → $1.25	Hold	Maintains	$1.75 → $1.25	-10.71%	Mar 14, 2025
Ameet Thakkar BMO Capital	BMO Capital	Sell Maintains $1.3 → $1.2	Sell	Maintains	$1.3 → $1.2	-14.29%	Mar 14, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

100.27M

Increased by 43.80%

from 69.73M

Revenue Next Year

126.15M

Increased by 25.81%

from 100.27M

EPS This Year

-0.40

from -1.08

EPS Next Year

-0.37

from -0.40

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	103.88M	104.51M	81.86M	102.37M	69.73M	100.27M	126.15M	155.73M
Revenue Growth	-1.75%	0.61%	-21.67%	25.05%	-31.88%	43.80%	25.81%	23.45%
EPS	-0.21	-0.39	-0.58	-0.60	-1.08	-0.40	-0.37	-0.28
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	15	13	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	142.8M	190.1M	218.2M
Avg	100.3M	126.2M	155.7M
Low	82.6M	94.9M	98.0M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	104.8%	89.5%	73.0%
Avg	43.8%	25.8%	23.4%
Low	18.5%	-5.4%	-22.3%

EPS Forecast

EPS	2025	2026	2027
High	-0.34	-0.25	-0.21
Avg	-0.40	-0.37	-0.28
Low	-0.48	-0.39	-0.31

EPS Growth

EPS Growth	2025	2026	2027
High	-	-	-
Avg	-	-	-
Low	-	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.