TD Cowen upgrades US-listed shares of Ballard Power Systems to 'hold'

Ballard Power Systems

09/01/2026 15:16

Updates

** U.S.-listed shares of fuel-cell maker Ballard Power Systems BLDP.TO, BLDP.O rise 1.3% to $2.76

**  Brokerage TD Cowen upgrades Ballard to "hold" from "sell" for its Nasdaq-listed shares

** Says BLDP has mitigated near-term risks through restructuring, even as 2026 remains challenging for the hydrogen fuel cell segment

** Says BLDP's exits from China and Texas, alongside its focus on Europe and North America transit markets, improves outlook; execution remains key

** In 2025, BLDP's U.S.-listed stock rose 53%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))