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BLDP: Prolonged Hydrogen Market Downturn Will Challenge Cash Flow Path Into 2027

Published
28 Mar 25
Updated
05 Nov 25
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AnalystConsensusTarget's Fair Value
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1Y
169.0%
7D
4.1%

Author's Valuation

CA$1.78182.7% overvalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on 05 Nov 25

Fair value Increased 0.035%

Analysts have increased their price target for Ballard Power Systems from $1.78 to $1.78, citing optimism about sector conditions and improved growth expectations. This outlook is counterbalanced by ongoing market challenges.

Shared on 21 Oct 25

Fair value Increased 9.56%

Analyst Commentary Highlights Shifting Outlook and Modest Valuation Upside for Ballard Power Systems

The consensus analyst price target for Ballard Power Systems has increased from $1.62 to $1.78 per share. Analysts cite a healthier sector outlook, improved policy environment, and the company's ongoing restructuring efforts as key factors supporting the modestly higher valuation.

Shared on 15 Aug 25

Overvaluation And Policy Tailwinds Will Reshape Hydrogen Mobility

Despite ongoing restructuring under new leadership and a strong cash position to weather hydrogen market headwinds, continued uncertainty and execution risks have prompted analysts to maintain a cautious outlook, leaving Ballard Power Systems’ consensus price target unchanged at CA$1.62. Analyst Commentary Ballard Power is undertaking a restructuring under new leadership with the goal to achieve profitability and be cash flow positive by the end of 2027.

Shared on 24 Apr 25

Fair value Decreased 6.15%

Overvaluation And Policy Tailwinds Will Reshape Hydrogen Mobility

Shared on 17 Apr 25

Fair value Increased 2.98%

Record Orders And Cost Cuts Will Strengthen Bus And Rail

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 14%

Record Orders And Cost Cuts Will Strengthen Bus And Rail

AnalystConsensusTarget has increased future PE multiple from 21.4x to 25.5x and decreased shares outstanding growth rate from 0.0% to 0.0%.

Shared on 02 Apr 25

Record Orders And Cost Cuts Will Strengthen Bus And Rail