Stock Fundamentals

Company Information

Company Name
Ballard Power Systems Inc
Sector
Industrials
Industry
Electrical Equipment & Parts
Exchange
NASDAQ
ISIN: CA0585861085
CIK: 0001453015
CUSIP: 058586108
Currency: USD
Full Time Employees: 492
Phone: 604 454 0900
Fiscal Year End: December
IPO Date: Nov 08, 1995
Description:

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers products for various applications focusing on power products 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, as well as offers engineering and technology transfer services. The company operates in the United States, Poland, Canada, Germany, the United Kingdom, Egypt, Spain, China, the Netherlands, Denmark, France, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.

Address:

9000 Glenlyon Parkway, Burnaby, BC, Canada, V5J 5J8

Directors & Officers

Name Title Year Born
Mr. Marty T. Neese J.D. CEO, President & Director 1962
Ms. Kate Igbalode Senior VP & CFO NA
Dr. Kevin Colbow Senior VP & CTO NA
Mr. Ralph Robinett Senior VP & COO NA
Ms. Kate Charlton VP Corporate Finance & Investor Relations NA
Mr. Kerry Brent Hillier General Counsel & Corporate Secretary NA
Mr. Oben Uluc Vice President of Sales & Marketing NA
Mr. Nicolas Pocard Vice President of Marketing & Strategic Partnerships 1966
Ms. Sarbjot Sidhu Senior VP & Chief Experience Officer NA
Mr. Jesper Themsen President & CEO of Europe NA

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Two Sigma Investments LLC 12.34M Mar 31, 2026 4.09% $0.02 82.34%
Morgan Stanley - Brokerage Accounts 12.09M Mar 31, 2026 4.01% $0.00 -5.53%
D. E. Shaw & Co LP 8.28M Mar 31, 2026 2.75% $0.01 67.23%
Legal & General Group PLC 6.39M Mar 31, 2026 2.12% $0.00 -0.56%
Two Sigma Advisers, LLC 6.24M Dec 31, 2025 2.07% $0.03 3.39%
UBS Group AG 5.85M Mar 31, 2026 1.94% $0.00 106.97%
State Street Corp 4.97M Mar 31, 2026 1.65% $0.00 0.88%
Amvescap Plc. 3.94M Mar 31, 2026 1.31% $0.00 -20.73%
BNP Paribas Arbitrage, SA 3.78M Mar 31, 2026 1.25% $0.00 -5.40%
Citadel Advisors Llc 2.89M Mar 31, 2026 0.96% $0.00 -19.72%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 2.78M Mar 31, 2026 0.92% $0.01 0.74%
Van Eck Associates Corporation 2.54M Mar 31, 2026 0.84% $0.00 11.95%
Qube Research & Technologies 2.11M Mar 31, 2026 0.70% $0.01 107.16%
Millennium Management LLC 1.98M Mar 31, 2026 0.66% $0.00 -18.00%
Great West Life Assurance Co 1.93M Mar 31, 2026 0.64% $0.01 5.07%
Dimensional Fund Advisors, Inc. 1.83M Mar 31, 2026 0.61% $0.00 18.33%
JPMorgan Chase & Co 1.20M Mar 31, 2026 0.40% $0.00 -15.21%
Zurcher Kantonalbank 1.16M Mar 31, 2026 0.39% $0.01 -3.32%
GSA Capital Partners LLP 1.02M Mar 31, 2026 0.34% $0.15 43.49%
Jane Street Group LLC 818.04K Mar 31, 2026 0.27% $0.00 -64.28%

Shares Statistics

Shares Outstanding: 301.48M
Shares Float: 270.05M
% Insiders: 1,035.60%
% Institutions: 3,274.50%
Short % Float: 7.35%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 L&G Hydrogen Economy ETF USD Acc 4.53M 1.50% ▲ 0.00% Apr 30, 2026
2 Stt Strt®SPDR®S&PKenshoNwEcosComposETF 2.90M 0.96% ▲ 0.05% Apr 30, 2026
3 VanEck Hydrogen Ecoy ETF A USD 2.36M 0.78% ▲ 0.00% Apr 30, 2026
4 Invesco WilderHill Clean Energy ETF 2.16M 0.72% ▲ 0.00% Apr 30, 2026
5 Stt Strt® SPDR® S&P KenshoClnPwrETF 1.99M 0.66% ▲ 0.00% Apr 30, 2026
6 Global X Hydrogen ETF 1.99M 0.66% ▲ 0.00% Apr 30, 2026
7 WisdomTree Battery Solutions ETF USD Acc 1.68M 0.56% ▲ 0.00% Apr 30, 2026
8 BLK CDN MSCI Can IMI Ext ESG Fcs Idx A 1.65M 0.55% ▲ 0.00% Apr 30, 2026
9 Global X Hydrogen ETF USD Acc 1.07M 0.35% ▲ 0.00% Apr 30, 2026
10 Coeli Energy Opportunities ID SEK 1.06M 0.35% ▲ 12.40% Aug 31, 2025

Valuation Metrics

Enterprise Value: $1.42B
Trailing P/E: 0.00
Forward P/E: 98.04

Financial Highlights

Market Cap: $1.83B
EBITDA: $-64.56M
PEG Ratio: $3.52
Book Value: $1.92
Earnings/Share: $-0.27
Profit Margin: -78.60%
Operating Margin: -67.31%
ROA (TTM): -5.70%
ROE (TTM): -13.20%
Revenue (TTM): $103.40M
Revenue/Share (TTM): $0.34
Earnings Growth (YOY): 0.00%
Revenue Growth (YOY): 26.20%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 9.86x 0.01x 0.14x -42.05x -0.04x
2024-12-31 9.25x 0.00x 0.13x -85.41x -0.01x
2023-12-31 12.25x 0.00x 0.08x -134.19x -0.04x
2022-12-31 14.06x 0.00x 0.07x -130.79x -0.03x
2021-12-31 14.78x 0.00x 0.08x -68.59x -0.04x
2020-12-31 16.40x 0.00x 0.08x -28.98x -0.07x
2019-12-31 3.56x 0.01x 0.26x -17.34x -0.09x
2018-12-31 5.48x 0.00x 0.18x -41.35x -0.03x
2017-12-31 2.61x 0.06x 0.33x -6.66x -9.75x
2016-12-31 2.50x 0.06x 0.34x -26.34x -0.47x
2015-12-31 2.90x 0.07x 0.31x -31.34x -7.49x
2014-12-31 2.03x 0.13x 0.38x -29.78x -0.48x
2013-12-31 2.30x 0.18x 0.42x -13.08x -0.94x
2012-12-31 1.53x 0.42x 0.55x -18.41x -0.73x
2011-12-31 1.88x 0.22x 0.44x -24.13x -0.64x
2010-12-31 2.83x 0.11x 0.33x -43.90x -0.52x
2009-12-31 3.54x 0.01x 0.19x N/A 0.30x
2008-12-31 4.36x 0.00x 0.23x N/A 0.00x
2007-12-31 7.92x 0.07x 0.14x N/A -0.43x
2006-12-31 6.50x 0.03x 0.13x N/A -0.27x
2005-12-31 6.27x 0.00x 0.10x N/A 0.00x
2004-12-31 4.02x 0.05x 0.13x N/A -0.30x
2003-12-31 4.74x 0.00x 0.11x N/A 0.00x
2002-12-31 5.64x 0.00x 0.10x N/A 0.00x
2001-12-31 6.00x 0.02x 0.09x N/A -0.19x
2000-12-31 14.46x 0.00x 0.06x N/A 0.00x
1999-12-31 8.41x 0.00x 0.08x N/A 0.00x
1998-12-31 10.27x 0.00x 0.07x N/A 0.00x
1997-12-31 6.25x 0.00x 0.09x N/A -0.01x
1996-12-31 5.12x 0.01x 0.17x N/A -0.07x
1995-12-31 2.98x 0.00x 0.30x -77.00x 0.00x
1994-12-31 2.02x 0.11x 0.48x -35.00x -0.64x
1993-12-31 2.71x 0.07x 0.40x -16.00x -0.32x

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