Ballard Power Systems

BLDP-T

TSE:BLDP

15.83
1.11 (7.54%)
Ballard Power Systems Inc. is a developer and manufacturer of proton exchange membrane fuel cell products for markets such as heavy-duty motive, portable power, material handling as well as technology solutions including engineering services.
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Analysis and Opinions about BLDP-T

Signal
Opinion
Expert
SELL
SELL
March 3, 2020
Very interesting. Global leader in fuel cells. Niche business. Huge runup, and now correcting. Got way ahead of itself. Profitability potential is not that big. Good profit opportunity here if you own it. Wouldn't own it here.
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Very interesting. Global leader in fuel cells. Niche business. Huge runup, and now correcting. Got way ahead of itself. Profitability potential is not that big. Good profit opportunity here if you own it. Wouldn't own it here.
DON'T BUY
DON'T BUY
February 20, 2020

It has been ripping up. It is mirroring TSLA-Q. He can't explain why except that it might be speculation. This is a dangerous situation. It could all of a sudden collapse. We have to be very careful. If the market corrects, this could correct sharply.

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It has been ripping up. It is mirroring TSLA-Q. He can't explain why except that it might be speculation. This is a dangerous situation. It could all of a sudden collapse. We have to be very careful. If the market corrects, this could correct sharply.

WATCH
WATCH
February 19, 2020
He used to follow this a while ago, when it was beaten up. Its batteries may be able to compete, but he does not know enough about it. It is too expensive for him today.
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He used to follow this a while ago, when it was beaten up. Its batteries may be able to compete, but he does not know enough about it. It is too expensive for him today.
COMMENT
COMMENT
February 18, 2020
Volatile, but people love green energy. A name that people flock to in innovative energy. Was up 75% last year. It could move higher, driven by ESG sentiment, but at some point they have to deliver fundamentals. The stock has run ahead of itself.
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Volatile, but people love green energy. A name that people flock to in innovative energy. Was up 75% last year. It could move higher, driven by ESG sentiment, but at some point they have to deliver fundamentals. The stock has run ahead of itself.
DON'T BUY
DON'T BUY
January 27, 2020
He would not advocate owning it given the recent run up. We've seen excitement around hydrogen fuel cells. It runs up and then leaves investors disappointed. It ran up because they won a few contracts and last year a Chinese company took a 10% stake in them. They are still losing money. It is only worth half of where it is trading.
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He would not advocate owning it given the recent run up. We've seen excitement around hydrogen fuel cells. It runs up and then leaves investors disappointed. It ran up because they won a few contracts and last year a Chinese company took a 10% stake in them. They are still losing money. It is only worth half of where it is trading.
COMMENT
COMMENT
January 21, 2020
Be careful. Anything that's risen this parabolic, risks a similar fall.
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Be careful. Anything that's risen this parabolic, risks a similar fall.
COMMENT
COMMENT
January 20, 2020
He was bullish 20 years ago and it has ever manufactured itself. You go through periods like this where you get excitement. The world is serious about alternatives and batteries. There is no new news and so it could be pure momentum. He does not know where it is going. Be cautious about trading it here. Execution is measured in decades.
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He was bullish 20 years ago and it has ever manufactured itself. You go through periods like this where you get excitement. The world is serious about alternatives and batteries. There is no new news and so it could be pure momentum. He does not know where it is going. Be cautious about trading it here. Execution is measured in decades.
BUY
BUY
January 13, 2020
This is going to continue to be a story that will grow attraction. This is not his favourite way to play it. TSLA-N would be his preferred way to play it.
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This is going to continue to be a story that will grow attraction. This is not his favourite way to play it. TSLA-N would be his preferred way to play it.
PARTIAL SELL
PARTIAL SELL
January 7, 2020
He's followed this since it's gone public. It's a company that has always been full of promise but has failed to deliver. It's once again full of promise with electric vehicles and such. However, the stock has lost money and has enormous downside risk. The price to book is 7.5x. He would not be buying more at these levels, and would sell half the position if you have it to take some profit.
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He's followed this since it's gone public. It's a company that has always been full of promise but has failed to deliver. It's once again full of promise with electric vehicles and such. However, the stock has lost money and has enormous downside risk. The price to book is 7.5x. He would not be buying more at these levels, and would sell half the position if you have it to take some profit.
COMMENT
COMMENT
July 5, 2019
Keep holding? Hydrogen fuel cell company. Fascinating company. Has done pretty well over the short term but was a lot higher in the early 2000s. At the time people thought hydrogen was going to replace combustion engines. Now everything is moving to electrification. The price is never going to go back to the 2000s level. If you bought it recently it could have room to run a little bit, as we are seeing ships, and trains and buses shifting to hydrogen fuel cells but certainly not seeing cars move in that direction.
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Keep holding? Hydrogen fuel cell company. Fascinating company. Has done pretty well over the short term but was a lot higher in the early 2000s. At the time people thought hydrogen was going to replace combustion engines. Now everything is moving to electrification. The price is never going to go back to the 2000s level. If you bought it recently it could have room to run a little bit, as we are seeing ships, and trains and buses shifting to hydrogen fuel cells but certainly not seeing cars move in that direction.
COMMENT
COMMENT
April 17, 2019
He follows it. The whole clean energy / renewable energy has solid fundamental drivers. They should do well. But it is difficult to find a player out there. It is two steps forward and one step back.
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He follows it. The whole clean energy / renewable energy has solid fundamental drivers. They should do well. But it is difficult to find a player out there. It is two steps forward and one step back.
DON'T BUY
DON'T BUY
September 4, 2018

This burned a lot of people who thought fuel cells tech were the future. Toyota has announced--and is bucking the trend--that it's embracing fuel cells. That said, he's concerned about Ballard which is involved in one specific technology, which can be hit or miss because technology changes so quickly. It's a safer bet under the GEX ETF.

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This burned a lot of people who thought fuel cells tech were the future. Toyota has announced--and is bucking the trend--that it's embracing fuel cells. That said, he's concerned about Ballard which is involved in one specific technology, which can be hit or miss because technology changes so quickly. It's a safer bet under the GEX ETF.

DON'T BUY
DON'T BUY
July 20, 2018

A play on hydrogen fuel cells. Went heavy toward autos, and explosive growth just hasn’t come through. Sector has consolidated around lithium ion. Market is going with the best technology, and the cheapest, and that’s lithium ion. Worries about Ballard. Bigger opportunities for hydrogen are in larger transportation, like ships.

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A play on hydrogen fuel cells. Went heavy toward autos, and explosive growth just hasn’t come through. Sector has consolidated around lithium ion. Market is going with the best technology, and the cheapest, and that’s lithium ion. Worries about Ballard. Bigger opportunities for hydrogen are in larger transportation, like ships.

SELL
SELL
July 6, 2018

This stock rises like a phoenix out of the ashes every now and again. There is always the promise of hydrogen fuel cells but it is never realized. From a quantitative perspective, it has negative price momentum, poor stability and currently, poor valuation because it has no meaningful earnings. If the stock was less illiquid, he would short it. (Analysts’ price target is $6.28)

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This stock rises like a phoenix out of the ashes every now and again. There is always the promise of hydrogen fuel cells but it is never realized. From a quantitative perspective, it has negative price momentum, poor stability and currently, poor valuation because it has no meaningful earnings. If the stock was less illiquid, he would short it. (Analysts’ price target is $6.28)

COMMENT
COMMENT
September 18, 2017

Historically there was a boatload of optimism in terms of the fuel cell technology. Over the long-term, the stock has really done not very much. BYD out of China, and others, have developed an electric bus. This is certainly worth keeping an eye on, given the recent strength.

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Historically there was a boatload of optimism in terms of the fuel cell technology. Over the long-term, the stock has really done not very much. BYD out of China, and others, have developed an electric bus. This is certainly worth keeping an eye on, given the recent strength.

DON'T BUY
DON'T BUY
October 11, 2016

This came down from 8X BV to almost a discount to Book, and then roared all the way back to 8X BV again and then fell back to 2X. It is all over the map. He still doesn’t see any earnings coming through, which makes the calculation of FMV very problematic. He would call this speculative, and wouldn’t be the kind of stock he would buy or recommend.

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This came down from 8X BV to almost a discount to Book, and then roared all the way back to 8X BV again and then fell back to 2X. It is all over the map. He still doesn’t see any earnings coming through, which makes the calculation of FMV very problematic. He would call this speculative, and wouldn’t be the kind of stock he would buy or recommend.

PARTIAL SELL
PARTIAL SELL
September 28, 2016

The chart shows a pretty nice return from July to now, with a nice base being built from early 2015. It is going to find resistance at around $4. This name is going to be really impacted by announcements/news. If you own and have a gain, he would consider taking half your gain off the table. Then if it got above $4 with momentum, then maybe you buy some more.

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The chart shows a pretty nice return from July to now, with a nice base being built from early 2015. It is going to find resistance at around $4. This name is going to be really impacted by announcements/news. If you own and have a gain, he would consider taking half your gain off the table. Then if it got above $4 with momentum, then maybe you buy some more.

COMMENT
COMMENT
July 18, 2016

In almost 20 years they have not developed as a company. You get spikes and then disappointments. You could buy at pullbacks, but chasing breakouts has been bad in terms of returns. If you like the technology you buy into the pullbacks.

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In almost 20 years they have not developed as a company. You get spikes and then disappointments. You could buy at pullbacks, but chasing breakouts has been bad in terms of returns. If you like the technology you buy into the pullbacks.

DON'T BUY
DON'T BUY
July 22, 2014

A very speculative stock in the fuel-cell business. Earlier in the year, a lot of companies in this space had a huge run up in share prices. He tries to avoid these speculative stocks. For the average investor, it is extremely difficult unless you have a strong belief in theme or have done a lot of work in the area. It is difficult to value these companies.

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A very speculative stock in the fuel-cell business. Earlier in the year, a lot of companies in this space had a huge run up in share prices. He tries to avoid these speculative stocks. For the average investor, it is extremely difficult unless you have a strong belief in theme or have done a lot of work in the area. It is difficult to value these companies.

COMMENT
COMMENT
May 23, 2014

This used to be on his watch list. It’s a question of having revenues which they now have. This is not on his Watch List any more because it has moved up quite handily.

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This used to be on his watch list. It’s a question of having revenues which they now have. This is not on his Watch List any more because it has moved up quite handily.

DON'T BUY
DON'T BUY
April 8, 2014

Extremely volatile. From a valuation aspect, he can’t really comment on it because they don’t really trade on valuation. At the end of the day they are going to benefit from the ability to use and integrate these fuel cells. The problem is trying to tell what the market is really going to look like 5 years from now. Wouldn’t chase it. Would let it normalize and see what the real business plans show and what cash flows are going to look like.

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Extremely volatile. From a valuation aspect, he can’t really comment on it because they don’t really trade on valuation. At the end of the day they are going to benefit from the ability to use and integrate these fuel cells. The problem is trying to tell what the market is really going to look like 5 years from now. Wouldn’t chase it. Would let it normalize and see what the real business plans show and what cash flows are going to look like.

DON'T BUY
DON'T BUY
March 12, 2014

This company has participated in this unbelievable “hockey stick” run that we’ve seen in a lot of the alternative power plays. Has languished for years and years and has finally started to show some life. There is a little bit of expectational hope that has been built into the battery-powered business, kind of stemming off what Tesla (TSLA-Q) has done. He is a little bit dubious. It has taken and years and years to get their core products to somewhere where customers will actually buy.

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This company has participated in this unbelievable “hockey stick” run that we’ve seen in a lot of the alternative power plays. Has languished for years and years and has finally started to show some life. There is a little bit of expectational hope that has been built into the battery-powered business, kind of stemming off what Tesla (TSLA-Q) has done. He is a little bit dubious. It has taken and years and years to get their core products to somewhere where customers will actually buy.

BUY
BUY
March 11, 2014

Long long base, then huge break out. The type of stock he looks at. Some profit taking happend today. (From $9 to $5, up from below $5 earlier in the week).

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Long long base, then huge break out. The type of stock he looks at. Some profit taking happend today. (From $9 to $5, up from below $5 earlier in the week).

SELL
SELL
August 25, 2011
Used to follow it. He avoids companies that keep on loosing money.
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Used to follow it. He avoids companies that keep on loosing money.
SELL
SELL
October 22, 2009
(Market Call Minute) They just keep on loosing money.
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(Market Call Minute) They just keep on loosing money.
SELL
SELL
May 27, 2009
(Market Call Minute.) The hydrogen economy is simply not going to happen. They'll have products in the market but it hasn't been fully reconciled yet.
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(Market Call Minute.) The hydrogen economy is simply not going to happen. They'll have products in the market but it hasn't been fully reconciled yet.
SELL
SELL
March 24, 2009
(Market Call Minute.) It's been around a long time and has not been a successful business.
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(Market Call Minute.) It's been around a long time and has not been a successful business.
DON'T BUY
DON'T BUY
July 9, 2008
Views the hydrogen economy as a long-term trend that may play out 20 years from now. Speculative.
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Views the hydrogen economy as a long-term trend that may play out 20 years from now. Speculative.
DON'T BUY
DON'T BUY
March 31, 2008
Historically they’ve been in the hydrogen fuel cell area. Consider it a long, failed science experiment. Not looking at it.
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Historically they’ve been in the hydrogen fuel cell area. Consider it a long, failed science experiment. Not looking at it.
DON'T BUY
DON'T BUY
January 31, 2008
It is more interesting since they got rid of the auto side. They now have a product and have stopped the cash burn and there is a market for their product. The size of this remains to be determined but the green standard is not going to go away. Based on what they have done to date, he is not that impressed. Would rather wait for traction.
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It is more interesting since they got rid of the auto side. They now have a product and have stopped the cash burn and there is a market for their product. The size of this remains to be determined but the green standard is not going to go away. Based on what they have done to date, he is not that impressed. Would rather wait for traction.
DON'T BUY
DON'T BUY
January 9, 2008
Recently divested their automobile fuel cells research team. Now focusing on fuel cells for smaller applications such as industrial lifts or homes. Still no earnings.
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Recently divested their automobile fuel cells research team. Now focusing on fuel cells for smaller applications such as industrial lifts or homes. Still no earnings.
DON'T BUY
DON'T BUY
October 12, 2007
There are a couple of red flags. Change of management and that the company is living off grants. They are now trying to joint venture on forklift trucks. You rarely see meaningful revenues or meaningful earnings with this company.
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There are a couple of red flags. Change of management and that the company is living off grants. They are now trying to joint venture on forklift trucks. You rarely see meaningful revenues or meaningful earnings with this company.
DON'T BUY
DON'T BUY
April 24, 2007
If you are looking in the alternate energy space, this one is not catching anyone's imagination. Has no near-term earning potential.
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If you are looking in the alternate energy space, this one is not catching anyone's imagination. Has no near-term earning potential.
DON'T BUY
DON'T BUY
April 17, 2007
A fallen angel. The market is going up and this is not doing anything. When the volume heats up and the stock starts to go up, that is the sign you are looking for.
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A fallen angel. The market is going up and this is not doing anything. When the volume heats up and the stock starts to go up, that is the sign you are looking for.
DON'T BUY
DON'T BUY
April 2, 2007
Never comfortable with this one. Valuation was always way ahead of the story. Not cost effective enough to use on it mass production basis.
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Never comfortable with this one. Valuation was always way ahead of the story. Not cost effective enough to use on it mass production basis.
DON'T BUY
DON'T BUY
February 23, 2007
Has never been a fan of alternative power. A concept stock. The stuff works great in the lab, but when you get it out into the field, they have a lot more problems.
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Has never been a fan of alternative power. A concept stock. The stuff works great in the lab, but when you get it out into the field, they have a lot more problems.
DON'T BUY
DON'T BUY
May 4, 2006
Ranks well in his model because the earnings have become less negative. The longer term challenge is to end up making money. Not convinced there will be enough to help them with that. Expected to lose $0.94 in ‘05 and $0.69 in’06.
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Ranks well in his model because the earnings have become less negative. The longer term challenge is to end up making money. Not convinced there will be enough to help them with that. Expected to lose $0.94 in ‘05 and $0.69 in’06.
DON'T BUY
DON'T BUY
April 24, 2006
Had a huge sell off from its 2000 high and eventually got down to its base building. The bigger the base, the bigger the target. Believes it has not made enough base building to support a huge move. Could reach $15, but there are better stocks around.
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Had a huge sell off from its 2000 high and eventually got down to its base building. The bigger the base, the bigger the target. Believes it has not made enough base building to support a huge move. Could reach $15, but there are better stocks around.
DON'T BUY
DON'T BUY
April 21, 2006
Not sure what is driving the stock price higher. Has very good sponsorship and with energy prices where they are, they are very much in vogue at the moment. As a value investor, he wonders what you are buying for $11/12. Can’t see the prospect of any real earnings.
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Not sure what is driving the stock price higher. Has very good sponsorship and with energy prices where they are, they are very much in vogue at the moment. As a value investor, he wonders what you are buying for $11/12. Can’t see the prospect of any real earnings.
DON'T BUY
DON'T BUY
January 31, 2006
A great concept stock, but it has not made any profits. Have gone into partnership for making small power stations into buildings.
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A great concept stock, but it has not made any profits. Have gone into partnership for making small power stations into buildings.