Ballard Power Systems Inc. (BLDP) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$4.33
Price Target
$2.72
Target Range
$2.00 — $3.15
Analyst Rating
Hold
Forward P/E—
Trailing P/E-14.4x
Forward PEG—
Implied Growth+55.0%
Median Target$3.00
Analyst Spread42.3%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$2
-53.9%
Consensus
$3
-37.3%
Bull Case
$3
-27.3%
BLDP Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Ballard Power Systems Inc. (BLDP) has a Wall Street consensus price target of $2.72, based on estimates from 25 covering analysts. With the stock currently trading at $4.33, this represents a potential downside of -37.3%. The company has a market capitalization of $1.30B.
Analyst price targets range from a low of $2.00 to a high of $3.15, representing a 42% spread in expectations. The median target of $3.00 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Hold, with 3 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 5 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, BLDP trades at a trailing P/E of -14.4x. Analysts expect EPS to grow +55.0% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+5.7%
Avg Forward P/E64.1x
Peers with Coverage7 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 PLUGPlug Power Inc. | $4.6B | $3.31 | $3.91 | +17.9% | Buy | — | 38 |
 FCELFuelCell Energy, Inc. | $713M | $13.55 | $8.73 | -35.6% | Hold | — | 19 |
 HYMCHycroft Mining Holding Corporation | $3.2B | $35.37 | — | — | Hold | — | 1 |
 BEBloom Energy Corporation | $71.0B | $295.25 | $187.56 | -36.5% | Buy | 141.1x | 31 |
 HTOOFusion Fuel Green PLC | $59M | $3.17 | — | — | — | — | — |
 HYLNHyliion Holdings Corp. | $434M | $2.31 | $3.13 | +35.5% | Hold | — | 6 |
 CLNEClean Energy Fuels Corp. | $520M | $2.37 | $3.50 | +47.7% | Buy | — | 22 |
 WPRTWestport Fuel Systems Inc. | $35M | $2.00 | — | — | — | — | — |
 LINLinde plc | $231.9B | $500.39 | $539.71 | +7.9% | Buy | 28.0x | 28 |
 APDAir Products and Chemicals, Inc. | $67.7B | $303.93 | $312.78 | +2.9% | Buy | 23.1x | 42 |
Upside Potential Comparison
CLNEHYLNPLUGLINAPDFCELBESee BLDP's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs BLDP Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare BLDP vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonBLDP — Frequently Asked Questions
Quick answers to the most common questions about buying BLDP stock.
What is the BLDP stock price target for 2026?
BLDP's consensus price target is $2.72, -37.3% below the current price of $4.335. The 25 analysts tracking BLDP see downside risk at present valuations.
Is BLDP a buy, sell, or hold?
BLDP has a consensus rating of "Hold" based on 25 Wall Street analysts. The rating breakdown is leaning bearish, with 5 Sell/Strong Sell ratings. The consensus 12-month price target of $2.72 implies -37.3% downside from current levels.
Is BLDP stock overvalued or undervalued?
BLDP's current price is $4.335 with a consensus target of $2.72 (-37.3% implied move). Analyst estimates suggest the stock is overvalued at current levels.
How high can BLDP stock go?
The most bullish Wall Street analyst has a price target of $3.15 for BLDP, while the most conservative target is $2. The consensus of $2.72 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover BLDP stock?
BLDP is heavily covered by Wall Street, with 25 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 3 have Buy ratings, 17 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the BLDP stock forecast?
The 12-month BLDP stock forecast based on 25 Wall Street analysts shows a consensus price target of $2.72, with estimates ranging from $2 (bear case) to $3.15 (bull case). The median consensus rating is "Hold".
Should I buy BLDP stock?
Analysts are cautious on BLDP, with 5 Sell ratings and a price target of $2.72 (-37.3% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do BLDP price targets vary so much?
BLDP analyst price targets range from $2 to $3.15, a 42% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $2.72 consensus represents the middle ground.