2.21
+2.31%
Close of 9 Nov 2026, in CAD
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About Ballard Power Systems
Its shares trade on Toronto Stock Exchange under the ticker BLDP.TO. It has been listed since 15 June 1993. In the fiscal year to 31 December 2025, it reported revenue of $101.1m and a net loss of $92.5m. At that date it held total assets of $681.1m and shareholders' equity of $588.9m.
Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. The company is headquartered in Burnaby, British Columbia. The firm's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on its power product markets of Heavy-Duty Motive, Portable Power, Material Handling and Backup Power, as well as the delivery of Technology Solutions, including engineering services and the license and sale of its intellectual property portfolio and fundamental knowledge for a variety of fuel cell applications.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 15 Jun 1993
- Employees
- 703
Leadership
Pay as last reported
- Mr. James RocheIndependent Chairman of the BoardC$220,000
- Mr. Marty NeesePresident, Chief Executive Officer, since 2015C$180,000
- Ms. Kate IgbalodeChief Financial Officer, Senior Vice PresidentC$813,515
- Mr. Lee SweetlandChief Operating Officer, Senior Vice President
- Ms. Sarbjot SidhuSenior Vice President and Chief People OfficerC$531,550
- Dr. Kevin ColbowSenior Vice President, Chief Technology Officer, since 2020C$706,209
- Dr. Mircea GraduSenior Vice President, Chief Engineering OfficerC$1.0m
- Mr. David MucciacciaroSenior Vice President, Chief Commercial OfficerC$1.1m
- Mr. Kerry HillierCorporate Secretary
- Mr. Wenmiao ChenDirector
- Mr. Huajie WangDirector
- Ms. Kathleen BaylessIndependent DirectorC$185,124
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 48
- Environment
- 63
- Social
- 63
- Governance
- 18
- Direct emissions (scope 1)
- 1,229 t
- Energy emissions (scope 2)
- 243 t
- Value chain emissions (scope 3)
- 17,472 t
- Women in the workforce
- 25.4%
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Ballard Power Systems Inc holds a dominant position in the fuel cell technology market. Its advanced fuel cell solutions have been widely recognized and adopted by various industries, providing the company with a competitive edge.
- Ballard Power Systems Inc has established a strong market presence, with a global network of customers and partners. This widespread reach enables the company to access diverse markets and expand its customer base.
- The company has a robust portfolio of intellectual property rights, including patents and trade secrets. This intellectual property acts as a barrier to entry for competitors, protecting Ballard Power Systems Inc from imitation and ensuring its technological advantage.
Weaknesses
- Ballard Power Systems Inc heavily relies on partnerships with other companies for manufacturing, distribution, and market access. This dependency can limit the company's control over its products and expose it to risks associated with partner performance.
- The revenue streams of Ballard Power Systems Inc can be volatile due to the cyclical nature of the industries it serves, such as automotive and energy. Economic conditions and industry trends can significantly impact the demand for its fuel cell solutions.
Opportunities
- With increasing global focus on sustainability and clean energy, Ballard Power Systems Inc has the opportunity to capitalize on the growing demand for fuel cell solutions. The company can expand its market share by offering environmentally friendly alternatives to traditional energy sources.
- Government support through initiatives and incentives, aimed at reducing carbon emissions and promoting renewable energy adoption, can create significant opportunities for Ballard Power Systems Inc. By aligning with these programs, the company can attract more customers and secure long-term contracts.
Threats
- The fuel cell technology market is highly competitive, with both established players and emerging startups vying for market share. Ballard Power Systems Inc faces the threat of new entrants and existing competitors who could offer similar or better fuel cell solutions.
- The rapid pace of technological advancements poses a threat to Ballard Power Systems Inc. New innovations could make existing fuel cell technologies obsolete or less competitive, requiring continuous investment in research and development to stay ahead.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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