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Possible Bearish Signals With Ballard Power Systems Insiders Disposing Stock

Simply Wall St · 5d ago

Over the past year, many Ballard Power Systems Inc. (TSE:BLDP) insiders sold a significant stake in the company which may have piqued investors' interest. When evaluating insider transactions, knowing whether insiders are buying is usually more beneficial than knowing whether they are selling, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

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Ballard Power Systems Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, R. MacEwen, sold CA$1.7m worth of shares at a price of CA$2.41 per share. That means that an insider was selling shares at slightly below the current price (CA$3.81). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was 64% of R. MacEwen's stake.

Ballard Power Systems insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Ballard Power Systems

insider-trading-volume
TSX:BLDP Insider Trading Volume January 6th 2026

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Insider Ownership Of Ballard Power Systems

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. From what we can see in our data, insiders own only about CA$874k worth of Ballard Power Systems shares. It's always possible we are missing something but from our data, it looks like insider ownership is minimal.

So What Does This Data Suggest About Ballard Power Systems Insiders?

The fact that there have been no Ballard Power Systems insider transactions recently certainly doesn't bother us. Our analysis of Ballard Power Systems insider transactions leaves us unenthusiastic. We also note that, as far as we can see, insider ownership is fairly low, compared to other companies. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Ballard Power Systems you should know about.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.