Is AMPX or BLDP more undervalued in 2026?

CirclFi compares Amprius Technologies, Inc. (AMPX) and Ballard Power Systems, Inc. (BLDP) using 13 institutional-grade valuation models. AMPX has a Quality of Company score of 6.7/10 while BLDP scores 2.0/10.

Which is a better buy — AMPX or BLDP?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do AMPX and BLDP valuations compare?

AMPX at $20.85 and BLDP at $6.19 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

AMPX vs BLDP Valuation Comparison 2026 — Intrinsic Value Analysis

AMPX

Electrical Equipment & Parts

Amprius Technologies, Inc.

Quality

6.7

out of 10

Value Trap

SAFE

Price

$20.85

Last close

Models

12/13

Active

BLDP

Electrical Equipment & Parts

Ballard Power Systems, Inc.

Quality

2.0

out of 10

Value Trap

—

Price

$6.19

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	AMPX Fair Value	AMPX Upside	BLDP Fair Value	BLDP Upside
Bayesian DCF	Intrinsic	$6.42	-69.2%	$1.64	-73.5%
Earnings Power Value	Intrinsic	$1.92	-90.8%	$1.31	-61.3%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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AMPX vs BLDP — Which Stock Is More Undervalued?

AMPX scores higher with a 6.7/10 quality rating vs BLDP's 2.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Amprius Technologies, Inc. (AMPX) and Ballard Power Systems, Inc. (BLDP) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

AMPX currently trades at $20.85 with a QOC of 6.7/10, while BLDP trades at $6.19 with a QOC of 2.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).