BLDP vs. SHLS
Compare and contrast key facts about Ballard Power Systems Inc. (BLDP) and Shoals Technologies Group, Inc. (SHLS).
Performance
BLDP vs. SHLS - Performance Comparison
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BLDP vs. SHLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BLDP Ballard Power Systems Inc. | -4.72% | 53.01% | -55.14% | -22.76% | -61.86% | -63.46% |
SHLS Shoals Technologies Group, Inc. | -22.59% | 53.71% | -64.41% | -37.01% | 1.52% | -21.56% |
Fundamentals
BLDP:
$705.51M
SHLS:
$1.12B
BLDP:
-$0.31
SHLS:
$0.20
BLDP:
7.20
SHLS:
2.33
BLDP:
1.20
SHLS:
1.86
BLDP:
$99.89M
SHLS:
$475.33M
BLDP:
$4.46M
SHLS:
$166.51M
BLDP:
-$80.34M
SHLS:
$65.60M
Returns By Period
In the year-to-date period, BLDP achieves a -4.72% return, which is significantly higher than SHLS's -22.59% return.
BLDP
- 1D
- 5.22%
- 1M
- 13.08%
- YTD
- -4.72%
- 6M
- -11.03%
- 1Y
- 120.00%
- 3Y*
- -24.26%
- 5Y*
- -36.88%
- 10Y*
- 5.70%
SHLS
- 1D
- 5.28%
- 1M
- 10.96%
- YTD
- -22.59%
- 6M
- -11.20%
- 1Y
- 98.19%
- 3Y*
- -33.91%
- 5Y*
- -28.24%
- 10Y*
- —
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Return for Risk
BLDP vs. SHLS — Risk / Return Rank
BLDP
SHLS
BLDP vs. SHLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ballard Power Systems Inc. (BLDP) and Shoals Technologies Group, Inc. (SHLS). 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.
| BLDP | SHLS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.11 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.51 | 1.81 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.09 | +0.14 |
Martin ratioReturn relative to average drawdown | 4.69 | 5.08 | -0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLDP | SHLS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.11 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.56 | -0.36 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | -0.33 | +0.31 |
Correlation
The correlation between BLDP and SHLS is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BLDP vs. SHLS - Dividend Comparison
Neither BLDP nor SHLS has paid dividends to shareholders.
Drawdowns
BLDP vs. SHLS - Drawdown Comparison
The maximum BLDP drawdown since its inception was -99.55%, which is greater than SHLS's maximum drawdown of -93.00%. Use the drawdown chart below to compare losses from any high point for BLDP and SHLS.
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Drawdown Indicators
| BLDP | SHLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.55% | -93.00% | -6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -50.50% | -47.37% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -95.88% | -92.50% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -97.51% | — | — |
Current DrawdownCurrent decline from peak | -98.17% | -83.62% | -14.55% |
Average DrawdownAverage peak-to-trough decline | -82.12% | -58.59% | -23.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.93% | 19.46% | +4.47% |
Volatility
BLDP vs. SHLS - Volatility Comparison
Ballard Power Systems Inc. (BLDP) has a higher volatility of 22.17% compared to Shoals Technologies Group, Inc. (SHLS) at 18.90%. This indicates that BLDP's price experiences larger fluctuations and is considered to be riskier than SHLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLDP | SHLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.17% | 18.90% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 48.01% | 62.67% | -14.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.61% | 89.17% | -18.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.31% | 77.72% | -11.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.98% | 78.07% | -9.09% |
Financials
BLDP vs. SHLS - Financials Comparison
This section allows you to compare key financial metrics between Ballard Power Systems Inc. and Shoals Technologies Group, Inc.. 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. SHLS - Profitability Comparison
BLDP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ballard Power Systems Inc. reported a gross profit of 4.61M and revenue of 34.16M. Therefore, the gross margin over that period was 13.5%.
SHLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Shoals Technologies Group, Inc. reported a gross profit of 46.91M and revenue of 148.33M. Therefore, the gross margin over that period was 31.6%.
BLDP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ballard Power Systems Inc. reported an operating income of -12.49M and revenue of 34.16M, resulting in an operating margin of -36.6%.
SHLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Shoals Technologies Group, Inc. reported an operating income of 17.40M and revenue of 148.33M, resulting in an operating margin of 11.7%.
BLDP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ballard Power Systems Inc. reported a net income of -17.77M and revenue of 34.16M, resulting in a net margin of -52.0%.
SHLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Shoals Technologies Group, Inc. reported a net income of 8.12M and revenue of 148.33M, resulting in a net margin of 5.5%.