Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 27, 2026
Ballard Power Systems Inc. (BLDP)
A forensic read on Ballard Power Systems Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Clean
Earnings quality
1
Forensic signals
-13.5%
ROE
$1.1B
Market cap
Ballard Power Systems Inc. earns a F (Poor — capital at risk) forensic quality grade. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-130%Return on invested capital. Return on invested capital is -130% and slipping from -47% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
Key fundamentals
Latest Revenue$121.3M
Return on Equity-15.4%
Revenue Growth YoY+42.2%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Ballard Power Systems Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about BLDP's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
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Data from SEC EDGAR public filings · metrics as of Jun 27, 2026. Forensic signals flag probability, not certainty.