BLDP Stock — Ballard Power Systems Inc.

Ballard Power Systems Inc. (BLDP)

Updated October 16, 2026.

BLDP is a Stock. Total return is -58.1% over the past 30.9 years, 2154.6 points behind SPY at 2096.5%.

Ballard Power Systems designs, develops, manufactures, and services proton exchange membrane fuel cell products for applications including buses, trucks, rail, marine, and stationary power generation, along with emerging markets such as material handling and off-road equipment. The company operates globally from its headquarters in Canada and also provides technology solutions, after-sales services, training, and engineering services. Ballard Power Systems does not currently distribute dividends.

BLDP performance versus SPY

Price and return data through 2026-10-16.

Total return is -58.1% over the past 30.9 years, 2154.6 points behind SPY at 2096.5%. Over the past year its total return — price change plus distributions reinvested — is -57.2%. Its deepest 1-year drawdown was 75.4%.

BLDP key facts

Asset type

Stock

Asset class

Equity

Inception date

11/08/1995

Distribution frequency

None

Last close

$1.57 (as of 2026-10-16)

Market cap

$551,212,408

Average volume

2942414.0

Beta

1.847

Payout ratio

0.0%

Forward P/E

98.0392

EPS

$-0.26

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BLDP risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 75.4%.

Who may consider BLDP — and who may not

It is a weaker fit for investors who need monthly cash flow (BLDP does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BLDP

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Tagged: Industrials.

Frequently asked questions