Ballard Power Systems Inc. (BLDP)

Ballard Power Systems Stock Forecast

Stock Price Forecast

According to 6 professional analysts, the 12-month price target for Ballard Power Systems stock ranges from a low of $1.10 to a high of $2.00. The average analyst price target of $1.50 forecasts a -18.03% decrease in the stock price over the next year.

Price Target: $1.50 (-18.03%)

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$1.10	$1.50	$1.50	$2.00
Change	-39.89%	-18.03%	-18.03%	+9.29%

Analyst Ratings

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

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	1	1	0	0	0	0
Buy	0	0	0	0	0	0
Hold	6	6	7	7	7	5
Sell	3	3	3	3	3	3
Strong Sell	0	1	1	1	1	1
Total	10	11	11	11	11	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Praneeth Satish Wells Fargo	Wells Fargo	Sell Maintains $1 → $1.5	Sell	Maintains	$1 → $1.5	-18.03%	Aug 13, 2025
Craig Irwin Roth Capital	Roth Capital	Hold Maintains $1.25 → $1.8	Hold	Maintains	$1.25 → $1.8	-1.64%	Aug 12, 2025
Ameet Thakkar BMO Capital	BMO Capital	Sell Maintains $1 → $1.1	Sell	Maintains	$1 → $1.1	-39.89%	Aug 12, 2025
Rob Brown Lake Street	Lake Street	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Aug 11, 2025
Biju Perincheril Susquehanna	Susquehanna	Hold Maintains $1.3 → $2	Hold	Maintains	$1.3 → $2	+9.29%	Jul 21, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

94.64M

Increased by 35.72%

from 69.73M

Revenue Next Year

118.24M

Increased by 24.94%

from 94.64M

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	94.64M	118.24M	148.99M
Revenue Growth	-1.75%	0.61%	-21.67%	25.05%	-31.88%	35.72%	24.94%	26.01%
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	103.8M	132.9M	199.5M
Avg	94.6M	118.2M	149.0M
Low	82.6M	94.9M	98.0M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	48.8%	40.4%	68.7%
Avg	35.7%	24.9%	26.0%
Low	18.5%	0.2%	-17.1%

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.