BLDP vs. BE
BLDP (Ballard Power Systems Inc.) and BE (Bloom Energy Corporation) are both stocks. Both are in the Industrials sector — BLDP in Specialty Industrial Machinery, BE in Electrical Equipment & Parts. Over the past 5 years, BLDP returned -28.20%/yr vs 61.75%/yr for BE. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
BLDP vs. BE - Performance Comparison
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Returns By Period
In the year-to-date period, BLDP achieves a 16.14% return, which is significantly lower than BE's 168.72% return.
BLDP
- 1D
- -4.22%
- 1M
- -30.09%
- 6M
- 5.73%
- YTD
- 16.14%
- 1Y
- 57.75%
- 3Y*
- -13.32%
- 5Y*
- -28.20%
- 10Y*
- 7.82%
BE
- 1D
- -4.55%
- 1M
- -10.27%
- 6M
- 70.59%
- YTD
- 168.72%
- 1Y
- 819.25%
- 3Y*
- 136.77%
- 5Y*
- 61.75%
- 10Y*
- —
BLDP vs. BE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BLDP Ballard Power Systems Inc. | 16.14% | 53.01% | -55.14% | -22.76% | -61.86% | -46.32% | 225.91% | 200.42% | -21.38% |
BE Bloom Energy Corporation | 168.72% | 291.22% | 50.07% | -22.59% | -12.81% | -23.48% | 283.67% | -25.15% | -46.63% |
Correlation
The correlation between BLDP and BE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2018 | 0.55 |
The correlation between BLDP and BE shifts across timeframes, from 0.46 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BLDP:
$889.35M
BE:
$66.41B
BLDP:
-$0.27
BE:
$0.02
BLDP:
8.51
BE:
26.00
BLDP:
1.53
BE:
81.01
BLDP:
$103.13M
BE:
$2.45B
BLDP:
$11.79M
BE:
$761.91M
BLDP:
-$77.20M
BE:
$88.83M
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Return for Risk
BLDP vs. BE — Risk / Return Rank
BLDP
BE
BLDP vs. BE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ballard Power Systems Inc. (BLDP) and Bloom Energy Corporation (BE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BLDP | BE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.54 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 18.01 | -16.93 |
| Martin ratioReturn relative to average drawdown | 2.07 | 53.52 | -51.45 |
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Drawdowns
BLDP vs. BE - Drawdown Comparison
The maximum BLDP drawdown since its inception was -99.55%, which is greater than BE's maximum drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for BLDP and BE.
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Drawdown Indicators
| BLDP | BE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.55% | -92.54% | -7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -53.76% | -45.94% | -7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -78.88% | -53.42% | -25.46% |
Max Drawdown (5Y)Largest decline over 5 years | -94.73% | -75.87% | -18.86% |
Max Drawdown (10Y)Largest decline over 10 years | -97.51% | — | — |
Current DrawdownCurrent decline from peak | -97.77% | -32.49% | -65.28% |
Average DrawdownAverage peak-to-trough decline | -82.24% | -51.56% | -30.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.98% | 15.43% | +12.55% |
Volatility
BLDP vs. BE - Volatility Comparison
The current volatility for Ballard Power Systems Inc. (BLDP) is 18.07%, while Bloom Energy Corporation (BE) has a volatility of 36.81%. This indicates that BLDP experiences smaller price fluctuations and is considered to be less risky than BE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLDP | BE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.07% | 36.81% | -18.74% |
Volatility (6M)Calculated over the trailing 6-month period | 62.66% | 77.75% | -15.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.04% | 110.14% | -28.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.49% | 87.14% | -17.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.93% | 96.01% | -25.08% |
Dividends
BLDP vs. BE - Dividend Comparison
Neither BLDP nor BE has paid dividends to shareholders.
Financials
BLDP vs. BE - Financials Comparison
This section allows you to compare key financial metrics between Ballard Power Systems Inc. and Bloom Energy Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BLDP vs. BE - Profitability Comparison
BLDP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Ballard Power Systems Inc. reported a gross profit of 2.72M and revenue of 19.15M. Therefore, the gross margin over that period was 14.2%.
BE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Bloom Energy Corporation reported a gross profit of 225.54M and revenue of 751.05M. Therefore, the gross margin over that period was 30.0%.
BLDP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ballard Power Systems Inc. reported an operating income of -12.89M and revenue of 19.15M, resulting in an operating margin of -67.3%.
BE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Bloom Energy Corporation reported an operating income of 72.19M and revenue of 751.05M, resulting in an operating margin of 9.6%.
BLDP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Ballard Power Systems Inc. reported a net income of -11.23M and revenue of 19.15M, resulting in a net margin of -58.7%.
BE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Bloom Energy Corporation reported a net income of 70.65M and revenue of 751.05M, resulting in a net margin of 9.4%.
Frequently Asked Questions
BLDP and BE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BE has higher volatility (36.81%) compared to BLDP (18.07%). In terms of maximum drawdown, BLDP dropped -99.55% vs BE's -92.54%.
BE currently has the higher Sharpe Ratio (7.53 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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