Scharfsinn86/iStock via Getty Images I have covered Ballard Power Systems Inc. (NASDAQ:BLDP) (TSX:BLDP:CA) previously, so investors should view this as an update to my earlier articles on the company. On Monday, leading Canadian fuel cell systems developer Ballard Power Systems Inc. ("Ballard" or "Ballard Power") reported another set of weak quarterly results with poor margins and revenues coming in well below consensus expectations: Company Press Releases Adding insult to injury, new order intake of ju ...

Ballard Power Systems Inc. (NASDAQ:BLDP) Q2 2024 Earnings Conference Call August 12, 2024 11:00 AM ET Company Participants Kate Igbalode - VP, IR Randy MacEwen - CEO Paul Dobson - CFO Conference Call Participants Rupert Merer - National Bank Mac Whale - Cormark Securities Aaron MacNeil - TD Cowen Jordan Levy - Truist Securities Saumya Jain - UBS Kashy Harrison - Piper Sandler Rob Brown - Lake Street Capital Markets Ameet Thakkar - BMO Capital Markets Craig Irwin - ROTH Capital Partners Operator Thank you fo ...

Core Insights - Ballard Power Systems reported $16 million in revenue for Q2 2024, a 4.5% year-over-year increase, but fell short of the Zacks Consensus Estimate by 12.15% [1] - The company posted an EPS of -$0.11, which is an improvement from -$0.10 a year ago, resulting in a positive EPS surprise of 15.38% compared to the consensus estimate of -$0.13 [1] Revenue Breakdown - Revenue from Fuel Cell Products & Services in Heavy-Duty Mobility was $13.20 million, slightly below the average estimate of $13.80 million, but showed a significant year-over-year increase of 55.9% [3] - Revenue from Fuel Cell Products & Services in Emerging and Other Markets was $1.20 million, which is lower than the average estimate of $1.27 million, reflecting a substantial year-over-year decline of 63.8% [4] - Revenue from Fuel Cell Products & Services in Stationary applications was $1.70 million, significantly below the average estimate of $3.33 million, marking a year-over-year decrease of 51.8% [5] Stock Performance - Over the past month, shares of Ballard Power Systems have declined by 27.7%, contrasting with the performance of the Zacks S&P 500 composite [5]

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 ...