Ballard Power Systems (BLDP) vs Electrovaya (ELVA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Electrovaya (ELVA) has outperformed Ballard Power Systems (BLDP) over the past year, losing 4.1% versus a loss of 44.9%. Over five years, ELVA leads with a +16.9% price change compared with -87.3% for BLDP. Ballard Power Systems is the larger company by market cap ($681.1 million vs $286.6 million), about 2.4 times the size.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BLDP | ELVA |
|---|---|---|
| Share price | $1.94 | $5.79 |
| Market cap | $681.12M | $286.65M |
| 1-day change | -3.00% | -9.11% |
| YTD return | -21.26% | -19.37% |
| 1-year return | -44.90% | -4.07% |
| 5-year return | -87.32% | +16.88% |
| P/E ratio (TTM) | — | 57.90 |
| Forward P/E | — | 21.13 |
| EPS (TTM) | $-0.26 | $0.10 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $6.57 | $12.78 |
| 52-week low | $1.92 | $4.10 |
| Distance from 52-week high | -70.47% | -54.69% |
| Analyst consensus | hold | strong_buy |
| Avg. price target upside | +88.14% | +152.16% |
| Average volume | 3.92M | 1.02M |
| Shares outstanding | 351.09M | 49.51M |
| Employees | 492 | — |
| Sector | Energy | Miscellaneous |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Ballard Power Systems is about 2.4 times larger than Electrovaya by market value ($681.12M vs $286.65M).
- ELVA has outperformed BLDP by 40.8 percentage points over the past year.
- The two companies sit in different sectors: Ballard Power Systems in Energy and Electrovaya in Miscellaneous.
About Ballard Power Systems
BLDP stock →Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products.
Energy · Industrial Machinery/Components · 492 employees
About Electrovaya
ELVA stock →Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America.
Miscellaneous · Industrial Machinery/Components
BLDP vs ELVA FAQ
Which is bigger, Ballard Power Systems or Electrovaya?
Ballard Power Systems (BLDP) is larger, with a market capitalization of $681.12M compared with $286.65M for Electrovaya (ELVA).
Which stock has performed better over the past year, BLDP or ELVA?
ELVA returned -4.07% over the past 12 months, compared with -44.90% for BLDP (price return, excluding dividends). Past performance does not predict future results.
Are Ballard Power Systems and Electrovaya in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Energy sector.