Ballard Power Systems Inc. (NASDAQ:BLDP) is among the top hydrogen stocks to buy now. Ballard Power Systems Inc. (NASDAQ:BLDP) released its Q1 2026 results on May 5, with EPS of -0.04, beating expectations of -0.06, representing a positive surprise of 33.33%. Despite slightly lower revenue estimates, the company achieved 26% year-over-year revenue growth, totaling C$19.4 million.
Additionally, Ballard Power’s gross margin improved 14% from a significantly negative level a year ago, marking the company’s third consecutive positive quarter. Operating expenses fell 36%, while operating cash burn fell by approximately 65%. Management followed this with tight guidance for 2026, with capital spending between $5 million and $10 million and total operating expenses between $65 million and $75 million.
On the commercial front, Ballard Power Systems Inc. (NASDAQ:BLDP) secured multi-year partnerships for FCmove-SC fuel cell engines with New Flyer, Wrightbus and Solaris. The agreement with Solaris extends the company’s relationship through 2029 and links Ballard Power directly to next-generation hydrogen bus fleets across Europe.
Ballard Power Systems Inc. (NASDAQ:BLDP) designs, develops, manufactures, sells and services fuel cell products. It specializes in power products for bus, truck, rail, marine, stationary and developing market applications, as well as the provision of services, including technical solutions, after-sales services and training.
While we recognize BLDP’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
READ NEXT: 33 stocks that should double in 3 years and 15 stocks that will make you rich in 10 years
Disclosure: None. Follow Insider Monkey on Google News.