Ballard Power Systems Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for Ballard Power Systems stock have an average target of 2.34, with a low estimate of 1.10 and a high estimate of 3.50. The average target predicts a decrease of -24.52% from the current stock price of 3.10.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$1.10	$2.34	$2.00	$3.50
Change	-64.52%	-24.52%	-35.48%	+12.90%

* Price targets were last updated on Mar 27, 2026.

Analyst Ratings

The average analyst rating for Ballard Power Systems stock from 6 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	4	4	4	4	4	4
Sell	3	3	3	3	2	2
Strong Sell	1	1	1	1	1	0
Total	8	8	8	8	7	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Praneeth Satish Wells Fargo	Wells Fargo	Sell Maintains $1.5 → $2	Sell	Maintains	$1.5 → $2	-35.48%	Mar 27, 2026
Manav Gupta UBS	UBS	Hold Maintains $1.4 → $3.5	Hold	Maintains	$1.4 → $3.5	+12.90%	Oct 22, 2025
Biju Perincheril Susquehanna	Susquehanna	Hold Maintains $2 → $3.3	Hold	Maintains	$2 → $3.3	+6.45%	Oct 13, 2025
Praneeth Satish Wells Fargo	Wells Fargo	Sell Maintains $1 → $1.5	Sell	Maintains	$1 → $1.5	-51.61%	Aug 13, 2025
Craig Irwin Roth Capital	Roth Capital	Hold Maintains $1.25 → $1.8	Hold	Maintains	$1.25 → $1.8	-41.94%	Aug 12, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

113.81M

from 99.37M

14.53%

from 99.37M

Revenue Next Year

134.32M

from 113.81M

18.02%

from 113.81M

EPS This Year

-0.22

from -0.30

EPS Next Year

-0.17

from -0.22

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	104.51M	81.86M	102.37M	69.73M	99.37M	113.81M	134.32M
Revenue Growth	0.61%	-21.67%	25.05%	-31.88%	42.50%	14.53%	18.02%
EPS	-0.39	-0.58	-0.60	-1.08	-0.30	-0.22	-0.17
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	13	11

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	135.7M	165.9M
Avg	113.8M	134.3M
Low	94.9M	98.0M

Revenue Growth

Revenue Growth	2026	2027
High	36.6%	45.8%
Avg	14.5%	18.0%
Low	-4.5%	-13.9%

EPS Forecast

EPS	2026	2027
High	-0.13	-0.11
Avg	-0.22	-0.17
Low	-0.29	-0.20

EPS Growth

EPS Growth	2026	2027
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.