---
title: "Ballard Power raised to buy at HSBC on 'transformative' GeoPura deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294730316.md"
description: "HSBC upgraded Ballard Power to Buy with a $3.60 target, citing the transformative GeoPura acquisition and Q2 profitability beats despite revenue misses. The deal aims to expand Ballard into energy-as-a-service, potentially tripling revenue growth and unlocking $25M in EBITDA synergies by 2028."
datetime: "2026-08-03T19:50:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294730316.md)
  - [en](https://longbridge.com/en/news/294730316.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294730316.md)
---

# Ballard Power raised to buy at HSBC on 'transformative' GeoPura deal

Ballard Power (BLDP) down 1.6% in Monday's trading despite winning an HSBC upgrade to Buy from Hold with a $3.60 price target after reporting mixed Q2 results but booking $64M in orders for a 3.1x book-to-bill following five straight quarters of orders tracking below 1.0x B2B. Q2 revenue missed expectations, but profitability improvements drove EBI...

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