BMO Capital Raises Ballard Power Systems PT to $1.1, Maintains Underperform Rating

Tuesday, Aug 12, 2025 10:53 am ET1min read

BMO Capital Raises Ballard Power Systems PT to $1.1, Maintains Underperform Rating

July 2, 2025

BMO Capital Markets (BMO) has revised its price target for Ballard Power Systems (BLDP) to $1.1, while maintaining its underperform rating on the stock. The change in the price target reflects a reassessment of the company's financial prospects and market conditions [1].

Ballard Power Systems reported its second-quarter 2025 results on August 11, 2025, with the company's stock price reacting to the news. BMO's analysts have cited several factors contributing to the price target adjustment, including the company's recent financial performance and the broader market conditions in the fuel cell sector [2].

The new price target of $1.1 is a significant increase from the previous target of $0.95, reflecting a more optimistic view of Ballard's potential growth and profitability. However, BMO's underperform rating suggests that the analysts believe the stock is currently overvalued and may not offer attractive returns in the near term.

Investors should closely monitor Ballard Power Systems' earnings reports and other market developments to gauge the impact of BMO's revised price target and rating on the company's stock price. The stock's volatility and sensitivity to market conditions make it crucial for investors to stay informed about the latest financial news and analysis.

References:

[1] MarketBeat. (2025). Filing: Vanguard Group Inc. Acquires 503,027 Shares of Bank Of Montreal. Retrieved from https://www.marketbeat.com/instant-alerts/filing-vanguard-group-inc-acquires-503027-shares-of-bank-of-montreal-nysebmo-2025-08-09/

[2] Barchart. (2025). Ballard Reports Q2 2025 Results. Retrieved from https://www.barchart.com/story/news/34044634/ballard-reports-q2-2025-results

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