Ballard Power Systems Inc.

BLDPNASDAQIndustrialsElectrical Equipment & Parts

$1.47- (-)1Y −54.57%

As of Oct 23, 2026 close

Market cap: $443.19M
P/E (TTM): -
Forward P/E: -
Dividend yield: -
52-week range: $1.49$6.57
Volume (live): -
Avg. volume (3M): 2.29M

Ballard Power Systems Inc. (BLDP) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Ballard Power Systems Inc. stock.

Analyst Consensus Rating

Investment consensus from 7 professional research analysts

Consensus Rating

Hold

Based on 7 unique analysts

(8 total ratings in last 90 days)

Medium Confidence2.0:1 Buy/Sell

Average Price Target

$2.85

+93.88% upside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest BLDP Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 14, 2026	Charles Minervino	Susquehanna	Maintains	Hold	$3.00 → $2.00 −1.00 (−33.3%)
Sep 30, 2026	Manav Gupta	UBS	Maintains	Hold	$6.50 → $2.15 −4.35 (−66.9%)
Sep 22, 2026	Jewel Saha	Zacks Equity Research	Initiates Coverage	Hold	-
Aug 10, 2026	Charles Minervino	Susquehanna	Maintains	Hold	$3.00
Aug 4, 2026	Ameet Thakkar	BMO Capital	Reiterates	Sell	$2.10
Aug 3, 2026	Robert Brown	Lake Street	Reiterates	Buy	$5.00
Jul 31, 2026	Jeff Osborne	TD Cowen	Maintains	Hold	$4.25 → $3.00 −1.25 (−29.4%)
Jul 27, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Buy	-

Charles Minervino

Susquehanna

HoldMaintains

$3.00 → $2.00

Oct 14

Manav Gupta

UBS

HoldMaintains

$6.50 → $2.15

Sep 30

Jewel Saha

Zacks Equity Research

HoldInitiates Coverage

Sep 22

Charles Minervino

Susquehanna

HoldMaintains

$3.00

Aug 10

Ameet Thakkar

BMO Capital

SellReiterates

$2.10

Aug 4

Robert Brown

Lake Street

BuyReiterates

$5.00

Aug 3

Jeff Osborne

TD Cowen

HoldMaintains

$4.25 → $3.00

Jul 31

Zacks Equity Research

BuyInitiates Coverage

Jul 27

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 14, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for BLDP?

The analyst consensus rating for BLDP is Hold, based on the latest ratings from 7 analysts over the last 90 days.

What is the average price target for BLDP?

The average 12-month price target for BLDP is $2.85, representing an upside of 93.9% from the Oct 23, 2026 close of $1.47.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.