BLDP (Ballard Power Systems) Moat Score : 4/10 (As of Jul. 09, 2025)

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What is Ballard Power Systems Moat Score?

Ballard Power Systems has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Ballard Power Systems has Narrow Moat: Ballard Power Systems has a discernible moat due to its valuable intellectual property in fuel cell technology and consistent R&D efforts. However, the market is competitive, and switching costs are not significant, limiting the strength of its moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Ballard Power Systems might have Narrow Moat - Discernible but modest moat.

Competitive Comparison of Ballard Power Systems's Moat Score

For the Specialty Industrial Machinery subindustry, Ballard Power Systems's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ballard Power Systems's Moat Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ballard Power Systems's Moat Score distribution charts can be found below:

* The bar in red indicates where Ballard Power Systems's Moat Score falls into.

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Ballard Power Systems (NAS:BLDP) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score	Moat Level
10	Wide Moat - Exceptionally dominant and durable wide moat
8 - 9	Wide Moat - Clear and robust wide moat
7	Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6	Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5	Narrow Moat - Solid narrow moat
4	Narrow Moat - Discernible but modest moat
1 - 3	No Moat - Very weak/transient advantages
0	No Moat - No discernible moat

Ballard Power Systems Moat Score Related Terms

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Ballard Power Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ballard Power Systems Inc (NAS:BLDP) » Definitions » Moat Score

Comparable Companies

Traded in Other Exchanges

0QY5:UK PO0:Germany BLDP:Canada PO0:Bulgaria

Address

9000 Glenlyon Parkway, Legal Department, Burnaby, BC, CAN, V5J 5J8

Website

https://www.ballard.com

Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from Poland followed by United States, United Kingdom, and other countries.