Ballard Power Systems (BLDP) Market Capitalization (2009 - 2026)
Ballard Power Systems' Market Capitalization came in at $1.17 billion for the quarter ended Jun 30, 2026, up 145.4% from $476.75 million a year earlier and up 60.7% from the prior quarter.
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Analysis
Ballard Power Systems (BLDP) Market Capitalization (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Ballard Power Systems' Market Capitalization was $763.99 million, up 53.7% from the prior year.
- Market Capitalization carries a five-year compound annual growth rate of -35.0% (years ended Dec 2020 to Dec 2025).
- Going back by year, Market Capitalization was $497.07 million in the year ended Dec 31, 2024 (-55.1%), $1.11 billion in the year ended Dec 31, 2023 (-22.6%), $1.43 billion in the year ended Dec 31, 2022 (-61.8%) and $3.74 billion in the year ended Dec 31, 2021 (-43.4%).
- The figure for the quarter ended Jun 30, 2026 represents the highest quarterly Market Capitalization since the quarter ended Jun 30, 2023.
- Year-over-year, Market Capitalization has increased for four consecutive quarters, with growth averaging 22.0% over the last eight quarters.
- The fastest year-over-year change in Market Capitalization over five years came in the quarter ended Jun 30, 2026 (growth of 145.4%), and the weakest in the quarter ended Jun 30, 2022 (a decline of 65.2%).
- Business Quant data shows BLDP's Market Capitalization at $727.9 million (quarter ended Mar 31, 2026), $763.99 million (quarter ended Dec 31, 2025) and $817.39 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 248.15 Bn | 208.07 Bn | 2.36 Bn |
| 2 | Bloom Energy | 68.75 Bn | 60.54 Bn | 355.57 Mn |
| 3 | First Solar | 18.79 Bn | 9.74 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.38 Bn | 10.68 Bn | 202.31 Mn |
| 5 | Nextpower | 12.31 Bn | 8.20 Bn | 335.85 Mn |
| 6 | Generac Holdings | 11.97 Bn | 10.80 Bn | 521.81 Mn |
| 7 | EnerSys | 6.45 Bn | 4.64 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.22 Bn | -643.57 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.76 Bn | 1.60 Bn | 133.10 Mn |
| 10 | Ballard Power Systems | 457.74 Mn | -1.63 Bn | 4.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.17 Bn |
| Mar 31, 2026 | 727.90 Mn |
| Dec 31, 2025 | 763.99 Mn |
| Sep 30, 2025 | 817.39 Mn |
| Jun 30, 2025 | 476.75 Mn |
| Mar 31, 2025 | 329.47 Mn |
| Dec 31, 2024 | 497.07 Mn |
| Sep 30, 2024 | 538.94 Mn |
| Jun 30, 2024 | 673.63 Mn |
| Mar 31, 2024 | 831.25 Mn |
| Dec 31, 2023 | 1.11 Bn |
| Sep 30, 2023 | 1.10 Bn |
| Jun 30, 2023 | 1.30 Bn |
| Mar 31, 2023 | 1.66 Bn |
| Dec 31, 2022 | 1.43 Bn |
| Sep 30, 2022 | 1.82 Bn |
| Jun 30, 2022 | 1.88 Bn |
| Mar 31, 2022 | 3.47 Bn |
| Dec 31, 2021 | 3.74 Bn |
| Sep 30, 2021 | 4.18 Bn |
API Access
Ballard Power Systems Market Capitalization API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=market-capitalization&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "ticker": "BLDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=market-capitalization&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();