Ballard Power Systems (BLDP) Company Overview

VANCOUVER, BC , Feb. 6, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Thursday, March 13 th, 2025 at 8:00 a.m. Pacific Time (11:00 a.m.

VANCOUVER, BC , Dec. 20, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced orders from two bus manufacturers to supply over 90 fuel cell engines, representing approximately 6.4 megawatts (MW) of total rated power, for the European and UK city bus market. "We are excited with the continued growth of our bus OEM partnerships and our continued progress on customer platform wins and repeat business," said David Mucciacciaro, Chief Commercial Officer at Ballard.

VANCOUVER, BC , Dec. 9, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a multi-year supply agreement with Stadler US ("Stadler"; www.stadlerrail.com) to supply 8 megawatts of FCmove®-HD+ fuel cell engines to power trains for the California Department of Transportation (Caltrans). The supply of the FCmove®-HD+ engines will be integrated into Stadler's line of zero-emission passenger trains, the FLIRT H2.

VANCOUVER, BC , Dec. 5, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a new Long Term Supply Agreement ("LTSA") with Canadian Pacific Kansas City ("CPKC") (TSX: CP) (NYSE: CP), including the initial supply of 98 fuel cell engines for use in the North American freight rail market. Each engine has a nameplate of 200 kW, totaling approximately 20 megawatts (MW) of fuel cell power.

Leading Canadian fuel cell systems developer Ballard Power Systems reported abysmal Q3/2024 results, with revenues and profitability missing consensus expectations by a mile. Consolidated gross margin of -55.6% represented a new all-time low due to an apparent lack of pricing power in the company's core fuel cell bus vertical. With a 12-month backlog of just $58.2 million, the company's 2025 revenues are not likely to be anywhere close to current consensus estimates.

While the top- and bottom-line numbers for Ballard (BLDP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Ballard Power Systems Inc. (NASDAQ:BLDP ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Sumit Kundu – Manager and Investor Relations Randy MacEwen – Chief Executive Officer Kate Igbalode – Chief Financial Officer Conference Call Participants Rob Brown – Lake Street Capital Markets Jordan Levy – Truist Securities Saumya Jain – UBS Ameet Thakkar – BMO Capital Markets Craig Shere – Tuohy Brothers Rupert Merer – National Bank Mac Whale – Cormark Securities Martin Malloy – Johnson Rice Kashy Harrison – Piper Sandler Operator Hello and welcome to the Ballard Power Systems' Third Quarter 2024 Results Conference Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded.

VANCOUVER, BC , Oct. 3, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Tuesday, November 5 th, 2024 at 8:00 a.m. Pacific Time (11:00 a.m.

VANCOUVER, BC , Sept. 12, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced a global corporate restructuring to reduce corporate spending and in order to maintain balance sheet strength amid a slowdown in hydrogen infrastructure development and delayed fuel cell adoption.