TSE:BLDP

Ballard Power Systems (BLDP.TO)

8.45
+0.02 (0.24%)
as of Jun 4, 2026, 8:00:01 pm Market Open.
155 watching
0
PAST TOP PICK
(A Top Pick Jul 09/21, Down 27.84%) Stock has disappointed in the past year, but he sees it as a 5-10 year position. EV targets are aggressive but ultimately will be met. He's been adding to weakness and still believes in it.
COMMENT
You get run ups and then disappointment. Probably investable but he is not sure if it will be a player in the future. This was the same case 20 years ago. It sounded imminent 20 years ago and this has not yet panned out.
SHORT
Seems to have infinite lives. Knows how to secure funds but not how to make money. Scores bottom of the pack for momentum, value and volatility. Will continue to raise money but will probably not make money.
WATCH
He thinks it is still a wait and see stock.
PAST TOP PICK
(A Top Pick Jul 09/21, Up 7%) He still likes this stock. It is well positioned. The hydrogen fuel market is only going to get stronger. You have to be patient with it.
DON'T BUY
Not high quality, ROIC not impressive, not predictable. Speculative.
DON'T BUY
BLDP vs. LAC Both in alternative energy space. He'd pick lithium as a material, and lithium producers as more timely. Market doesn't care about BLDP's technology adoption right now. Whether you own the LIT ETF basket, or some of the larger producers, the demand is going to be solid for quite some time.
DON'T BUY
Fascinating. It's been around for a long time. It rallies whenever there's a growth cycle, but then doesn't pan out. This ramped higher in December through February along the growth rally. But it's highly speculative with little cash flow. He had a decent short position on this. But it doesn't scream cheaply. It has terrible volatility and has no EBITDA. Balance sheet is good, though.
DON'T BUY
Hydrogen power outlook in general The green energy space is interesting as battery power will continue to be a key driver in powertrain. Hydrogen power will be a fringe part of this. During the hydrogen power crazy last winter, BLDP raise a good deal of capital. The company is now sustainable and are adept at living within its means. But the stock is now overpriced. What will they do with all that cash they raised months ago? He'll stay away.
TOP PICK
Was hot in the beginning and then fell out of favour. The adoption of EV will be a tailwind. Believes hydrogen fuel cells will be part of the solution. Valuation is attractive. Layering into the company. A long term play. (Analysts’ price target is $28.53)
WEAK BUY
All of the alternate fuel transportation companies have come down. Medium to longer term they are likely good investments. This is the original alternative fuel car.
RISKY
They have done a couple of large financings. He thinks we are entering the golden age for hydrogen. We are still early in this one. He thinks it has a place in the portfolio as a speculative position.
SELL
Allan Tong’s Discover Picks BLDP stock pays no dividend and the EPS is negative. The stock narrowly missed earnings in the last three of four quarters (the fourth was in-line). Ballard is a polarizing stock where the bulls see a 38% gain in these shares to nearly $42. Why not? BLDP stock jumped to $50 two months ago, but then slid to its current $30 range. Read April Showers and Flowers: 4 Covid Vaccination Stocks to Buy and Sell for our full analysis.
DON'T BUY
They make hydrogen fuel cells. It is not a new or an emerging company and has never turned a profit in 25 years. He sees it as a science project. It is a show-me story.
BUY

He has a small position in BLDP instead of PLUG, as it's a recognized leader with a track record in PEM technology. They've diversified outside autos and into buses and forklifts, trains and ships. Will do well as the market grows and the infrastructure builds out.

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