Ballard Power missed both earnings and revenue but management's $275 million acquisition of GeoPura and fourth consecutive quarter of positive gross margins signal the hydrogen fuel cell maker is pivoting toward recurring service revenues and profitability by end of 2027.
Ballard Power Systems :
BLDP
BLDP
Stock Data
$2.62
$0.02 (0.77%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
ELECTRICAL EQUIPMENT & PARTS
Ballard Power Systems Inc specializes in creating proton exchange membrane (PEM) fuel cell products, focusing on heavy-duty transportation like buses, trucks, and marine applications, as well as material handling and power generation. With a global footprint, including operations in North America, Europe, and Asia, Ballard also offers engineering services, licenses its technology, and provides solutions for hydrogen fuel cell powertrains. Founded in 1979 and based in Burnaby, Canada, Ballard has formed strategic partnerships to expand its reach in the clean energy sector.
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