Ballard Power Systems (BLDP) reported $16 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.5%. EPS of -$0.11 for the same period compares to -$0.10 a year ago.The reported revenue represents a surprise of -12.15% over the Zacks Consensus Estimate of $18.22 million. With the consensus EPS estimate being -$0.13, the EPS surprise was +15.38%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Ballard Power Systems (BLDP) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this fuel cell technology company would post a loss of $0.13 per share when it actually produced a loss of $0.14, delivering a surprise of -7.69%.Over the last four quarter ...

Quarter highlights include new product launch, progress on next-gen plate manufacturing, and data center market developmentVANCOUVER, BC, Aug. 12, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the second quarter ended June 30, 2024. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS)."During Q2, we made measured progress on key 2024 deliver ...

Analysts on Wall Street project that Ballard Power Systems (BLDP) will announce quarterly loss of $0.13 per share in its forthcoming report, representing a decline of 30% year over year. Revenues are projected to reach $18.61 million, increasing 21.6% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior ...

While the S&P 500 was up more than 20% in 2023, it probably was not the best year for those who invested in the hydrogen sector. During aggressive interest hikes, a lot of the hydrogen companies struggled to keep revenue up and bring returns to investors. Despite a slow year for hydrogen stocks, the established global consciousness toward building a clean future with sustainable energy remains unchanged. Investments in hydrogen could contribute to global decarbonization efforts, which is already occurring a ...

VANCOUVER, BC, July 11, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Monday, August 12th, 2024 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review second quarter 2024 operating results.The live call can be accessed by dialing +1-844-763-8274 (Canada/US toll free). Alternatively, a live webcast can be accessed through a link on Ballard's homepage (www.ballard.com). Following the call, the webcast will be archived in the 'Earnings, Interviews & ...

Core Insights - Ballard Power Systems and Vertiv have formed a strategic technology partnership focused on hydrogen-powered fuel cell solutions for backup power applications in data centers and critical infrastructures, scalable from 200kW to multiple MWs [1][2] - The partnership aims to address the increasing power demand driven by rising data usage while promoting zero greenhouse gas (GHG) emissions [2][3] Company Developments - Vertiv has successfully integrated Ballard's fuel cell power modules with its Liebert EXL S1 uninterruptible power system (UPS) in a proof of concept at its Ohio facility, demonstrating the technical feasibility of the solution [1][2] - The Power Module H2 solution includes two Ballard PowerGen 200kW fuel cell cabinets, a complete cooling sub-system, power conditioning equipment, and hydrogen storage infrastructure, integrated with Vertiv's lithium-ion batteries and energy management systems [2][3] Industry Trends - The demand for eco-friendly power solutions is increasing due to the adoption of artificial intelligence (AI) and high-performance computing (HPC), necessitating low-carbon energy alternatives [3] - The Vertiv Power Module H2 solution is positioned as a scalable and rapidly deployable power infrastructure for new data centers and retrofitting existing sites without redesigning electrical infrastructure [3][4] Competitive Advantages - The Vertiv Power Module H2 offers several advantages, including zero GHG emissions, low noise, rapid dynamic power response, low maintenance compared to diesel generators, and scalability for multi-MW applications [4] - This solution is part of Vertiv's broader strategy to enhance its power portfolio and contribute to a sustainable future [4] Upcoming Events - Ballard and Vertiv will showcase their fuel cell-powered standby power applications at Smarter E Europe 2024, highlighting their commitment to innovative energy solutions [5]

VANCOUVER, BC, June 10, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today releases its 2023 Environmental, Social, and Governance (ESG) Report, highlighting progress across Ballard's 2023 ESG performance and articulating an ongoing commitment to transparency and environmental leadership in the fuel cell industry.The report captures performance metrics in the pursuit of Ballard's sustainability commitments and supporting initiatives. Related information regarding Ballard's ESG govern ...

VANCOUVER, BC, June 6, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2024 Annual General Meeting, which was held on June 5th. All nominees listed in the Management Proxy Circular dated April 8th, 2024 were elected as directors of the Company. Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy. Director biographies are available in the "Our Leadership" section of the Company's websi ...

Adoption of renewable energy has been on the rise across the globe. Everything from government subsidies to growing consumer consciousness has driven its rise. Solar and wind energy typically receive much of the spotlight (and investment dollars). Still, other sources of renewable energy, particularly hydrogen, deserve more attention. Hydrogen energy can be produced through both clean and unclean processes. For example, a natural gas facility could create hydrogen through a reformation and gasification proc ...