About Ballard Power Systems Inc.
https://www.ballard.comBallard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power.

CEO
Marty T. Neese
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 1998-06-03 | Forward | 3:1 |
ETFs Holding This Stock
Summary
Showing Top 3 of 27
Ratings Snapshot
Rating : C
Most Recent Analyst Grades

UBS
Neutral

Susquehanna
Neutral

Roth Capital
Neutral

Roth MKM
Neutral

Lake Street
Hold

Wells Fargo
Underweight
Grade Summary
Showing Top 6 of 8
Price Target
Institutional Ownership

LEGAL & GENERAL GROUP PLC
Shares:13.46M
Value:$37.01M

TWO SIGMA INVESTMENTS, LP
Shares:6.28M
Value:$17.28M

TWO SIGMA ADVISERS, LP
Shares:6.04M
Value:$16.6M
Summary
Showing Top 3 of 193
About Ballard Power Systems Inc.
https://www.ballard.comBallard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $32.5M ▲ | $34.9M ▲ | $-28.07M ▼ | -86.37% ▲ | $-0.09 ▼ | $-26.58M ▼ |
| Q2-2025 | $17.84M ▲ | $31.7M ▲ | $-24.28M ▼ | -136.08% ▲ | $-0.08 ▼ | $-22.79M ▼ |
| Q1-2025 | $15.39M ▼ | $25.45M ▼ | $-21.04M ▲ | -136.7% ▲ | $-0.07 ▲ | $-19.54M ▲ |
| Q4-2024 | $24.52M ▲ | $33.16M ▼ | $-46.47M ▲ | -189.52% ▲ | $-0.15 ▲ | $-44.81M ▲ |
| Q3-2024 | $14.76M | $54.87M | $-205.02M | -1.39K% | $-0.68 | $-201.01M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $527.85M ▼ | $710.46M ▼ | $103.64M ▲ | $606.82M ▼ |
| Q2-2025 | $552.14M ▼ | $735.86M ▼ | $99.91M ▼ | $635.95M ▼ |
| Q1-2025 | $578.8M ▼ | $756.61M ▼ | $102.79M ▼ | $653.82M ▼ |
| Q4-2024 | $606.05M ▼ | $777.31M ▼ | $104.32M ▼ | $672.99M ▼ |
| Q3-2024 | $637.22M | $830.4M | $110.89M | $719.51M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-28.07M ▼ | $-22.86M ▼ | $-1.43M ▲ | $-740K ▲ | $-24.29M ▲ | $-24.25M ▼ |
| Q2-2025 | $-24.28M ▼ | $-20.34M ▲ | $-7.05M ▼ | $-797K ▼ | $-26.66M ▲ | $-22.68M ▲ |
| Q1-2025 | $-21.04M ▲ | $-24.4M ▲ | $-2.73M ▲ | $-689K ▼ | $-27.25M ▲ | $-27.07M ▲ |
| Q4-2024 | $-46.47M ▲ | $-24.41M ▲ | $-6.1M ▲ | $826K ▲ | $-31.16M ▲ | $-30.33M ▲ |
| Q3-2024 | $-206.18M | $-28.6M | $-14.33M | $-865K | $-42.92M | $-40.22M |

CEO
Marty T. Neese
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 1998-06-03 | Forward | 3:1 |
ETFs Holding This Stock
Summary
Showing Top 3 of 27
Ratings Snapshot
Rating : C
Most Recent Analyst Grades

UBS
Neutral

Susquehanna
Neutral

Roth Capital
Neutral

Roth MKM
Neutral

Lake Street
Hold

Wells Fargo
Underweight
Grade Summary
Showing Top 6 of 8
Price Target
Institutional Ownership

LEGAL & GENERAL GROUP PLC
Shares:13.46M
Value:$37.01M

TWO SIGMA INVESTMENTS, LP
Shares:6.28M
Value:$17.28M

TWO SIGMA ADVISERS, LP
Shares:6.04M
Value:$16.6M
Summary
Showing Top 3 of 193




