Ballard Power Reports 45% Revenue Decline Amid Slowing Hydrogen Adoption, Shares Dip [Yahoo! Finance]
Ballard Power Systems, Inc. - Common Shares (BLDP)
Last ballard power systems, inc. - common shares earnings: 3/4 08:30 pm
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Source: Yahoo! Finance
Revenue fell 45% year-over-year to $14.8 million, missing the analyst consensus estimate of $23.6 million. Revenue decreased due to weak customer demand, which reflects a push-out in the adoption curve for hydrogen and PEM fuel cells. Heavy-Duty Mobility revenue decreased 38% to $12.8 million and, Stationary fell 82% to $0.5 million. Adjusted loss per share of $0.19 missed the consensus estimate for a loss of $0.13 Total operating expenses for the quarter totaled $54.9 million, a 58% increase. Adjusted EBITDA loss was $60.1 million, compared to a $34.9 million loss a year ago. Ballard received about $7.1 million in net new orders in the quarter. Order backlog at the end of the quarter was $122.7 million, down 28% quarter over quarter. Ballard held $635.1 million in cash and equivalents as of September-end. The company noted it had soft revenue and new order intake performance in the quarter and also removed previously booked orders valued at $39.2 million from its order backl
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News
- 2 Stocks I'd Avoid in 2025 (and 1 I'd Buy) [Yahoo! Finance Canada]Yahoo! Finance Canada
- Ballard Power Systems Inc. (NASDAQ: BLDP) was downgraded by analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating.MarketBeat
- Ballard Power Systems Inc. (NASDAQ: BLDP) had its price target lowered by analysts at CIBC from $1.60 to $1.40. They now have an "underperformer" rating on the stock.MarketBeat
- Ballard Power Systems Inc. (NASDAQ: BLDP) was downgraded by analysts at HSBC Holdings plc from a "buy" rating to a "hold" rating.MarketBeat
- Ballard Power Systems Inc (BLDP) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
BLDP
Earnings
- 11/5/24 - Miss
BLDP
Sec Filings
- 11/5/24 - Form 6-K
- 11/5/24 - Form 6-K
- 11/4/24 - Form 6-K
- BLDP's page on the SEC website