Ballard Power Systems Overview

  • Year Founded
  • 1979

Year Founded

  • Status
  • Public

  • Employees
  • 492

Employees

  • Stock Symbol
  • BLDP

Stock Symbol

  • Investments
  • 19

  • Share Price
  • $1.40
  • (As of Friday Closing)

Ballard Power Systems General Information

Description

Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.

Contact Information

Website
www.ballard.com
Formerly Known As
Ballard Research
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Corporate Office
  • 9000 Glenlyon Parkway
  • Burnaby, British Columbia V5J 5J8
  • Canada
+1 (604)
Primary Industry
Electrical Equipment
Stock Exchange
TSE
Corporate Office
  • 9000 Glenlyon Parkway
  • Burnaby, British Columbia V5J 5J8
  • Canada
+1 (604)

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Ballard Power Systems Stock Performance

As of 13-Nov-2026, Ballard Power Systems’s stock price is $1.40. Its current market cap is $492M with 351M shares.

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$1.40 $1.40 $1.31 - $6.56 $492M 351M 911K -$0.26

Ballard Power Systems Financials Summary

As of 30-Jun-2026, Ballard Power Systems has a trailing 12-month revenue of $106M.

In Thousands,
USD
TTM 30-Jun-2026 FY 2025 31-Dec-2025 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023
EV 683,090 255,065 (75,354) 322,942
Revenue 106,158 99,370 69,731 102,368
EBITDA (71,281) (84,831) (309,290) (129,420)
Net Income (77,265) (90,914) (324,245) (177,716)
Total Assets 643,895 682,388 777,307 1,077,542
Total Debt 19,689 22,140 23,894 17,898
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Ballard Power Systems Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Ballard Power Systems Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane (
Electrical Equipment
Burnaby, Canada
492 As of 2025

Vancouver, Canada
 

Billerica, MA
 
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Ballard Power Systems Competitors (4)

One of Ballard Power Systems’s 4 competitors is Aetherion Technologies, a Corporation company based in Vancouver, Canada.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Aetherion Technologies Corporation Vancouver, Canada
Nuvera Corporate Backed or Acquired Billerica, MA
Ultralife Corporation Newark, NY
Intelligent Energy Private Equity-Backed Loughborough, United Kingdom
To view Ballard Power Systems’s complete competitors history, request access »

Ballard Power Systems Patents

Ballard Power Systems Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-4588117-A1 Compression device for fuel cell stacks Pending 14-Sep-2022
US-20260094854-A1 Compression device for fuel cell stacks Pending 14-Sep-2022
WO-2024059106-A1 Compression device for fuel cell stacks Inactive 14-Sep-2022
EP-4584836-A2 Bipolar flow field plate for fuel cells Pending 07-Sep-2022
US-20260088314-A1 Bipolar flow field plate for fuel cells Pending 07-Sep-2022 H01M8/0267
To view Ballard Power Systems’s complete patent history, request access »

Ballard Power Systems Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Ballard Power Systems Investments & Acquisitions (19)

Ballard Power Systems’s most recent deal was a Merger/Acquisition with GeoPura for . The deal was made on 10-Jul-2026.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
GeoPura 10-Jul-2026 Merger/Acquisition Energy Production
Quantron (Commercial Products) 14-Sep-2022 Early Stage VC Other Commercial Products
Wisdom Motor 13-May-2022 Early Stage VC Road
Ballard Motive Solutions 11-Nov-2021 Merger/Acquisition Alternative Energy Equipment
Forsee Power 01-Oct-2021 Corporate Electrical Equipment
You’re viewing 5 of 19 investments and acquisitions. Get the full list »

Ballard Power Systems ESG

Risk Overview

Risk Rating

Updated November, 04, 2026

25.89 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 13,585

Rank

Percentile

Electrical Equipment

Industry

of 280

Rank

Percentile

Electrical Equipment

Subindustry

of 280

Rank

Percentile

To view Ballard Power Systems’s complete esg history, request access »

Ballard Power Systems Exits (4)

Ballard Power Systems’s most recent exit was on 14-Sep-2022 from Quantron (Commercial Products). The exit was categorized as with 3 buyers.

Company Name Exit Date Exit Type Exit Size Status Buyers
Quantron (Commercial Products) 14-Sep-2022 Completed
  • 3 buyers
Protonex Technology 01-Oct-2015 Completed
H2 PowerTech 01-Aug-2012 Completed
AvCarb 01-Jan-2006 Merger/Acquisition Completed
To view Ballard Power Systems’s complete exits history, request access »

Ballard Power Systems Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
GeoPura Newcastle upon Tyne, United Kingdom 2019

Ballard Power Systems FAQs

  • When was Ballard Power Systems founded?

    Ballard Power Systems was founded in 1979.

  • Where is Ballard Power Systems headquartered?

    Ballard Power Systems is headquartered in Burnaby, Canada.

  • What is the size of Ballard Power Systems?

    Ballard Power Systems has 492 total employees.

  • What industry is Ballard Power Systems in?

    Ballard Power Systems’s primary industry is Electrical Equipment.

  • Is Ballard Power Systems a private or public company?

    Ballard Power Systems is a Public company.

  • What is Ballard Power Systems’s stock symbol?

    The ticker symbol for Ballard Power Systems is BLDP.

  • What is the current stock price of Ballard Power Systems?

    As of 13-Nov-2026 the stock price of Ballard Power Systems is $1.40.

  • What is the current market cap of Ballard Power Systems?

    The current market capitalization of Ballard Power Systems is $492M.

  • What is Ballard Power Systems’s current revenue?

    The trailing twelve month revenue for Ballard Power Systems is $106M.

  • Who are Ballard Power Systems’s competitors?

    Aetherion Technologies, Nuvera, Ultralife, and Intelligent Energy are competitors of Ballard Power Systems.

  • What is Ballard Power Systems’s annual earnings per share (EPS)?

    Ballard Power Systems’s EPS for 12 months was -$0.26.

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