Ballard Power Systems Inc. (NASDAQ:BLDP) is considered one of the best hydrogen stocks to buy right now, with a price target increase to $2.50 from $1.40 by Jefferies following Q3 2025 earnings report exceeding revenue expectations at $32.5 million. The quarter saw strong sales in bus and rail products, with an EPS of -$0.09 and slightly negative adjusted gross margin.

Jefferies noted Ballard’s plans to expand next-generation fuel cell platforms for bus and heavy-duty uses, leading to an increase in price target. Susquehanna reaffirmed a Hold rating with a price target of $3.30.

Ballard Power Systems Inc. (NASDAQ:BLDP) specializes in proton exchange membrane (PEM) fuel cell products for heavy-duty motive applications, such as buses, trucks, rail, and marine transportation.

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Read more at Yahoo Finance: Is Ballard Power (BLDP) One of the Best Hydrogen Stocks to Buy Right Now?