Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products primarily in Canada. The company offers heavy duty modules, marine systems, fuel cell stacks, backup power systems, and material handling products. It also provides technology solutions, including engineering and technology transfer, as well as the licenses and sells intellectual property portfolio and fundamental knowledge for various proton exchange membrane fuel cell applications. The company serves transit bus, rail, critical infrastructure, marine, material handling, stationary power, truck, and automotive markets. It markets its products in China, Germany, the United States, the United Kingdom, Belgium, Japan, Denmark, France, Taiwan, Norway, Spain, the Netherlands, Finland, Switzerland, and internationally. Ballard Power Systems Inc. has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. The company was founded in 1979 and is headquartered in Burnaby, Canada.
IPO Year:
Exchange: NASDAQ
Website: ballard.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | Buy → Hold | HSBC Securities | |
| 8/12/2024 | Hold → Sell | TD Securities | |
| 10/24/2023 | $4.50 | Hold → Buy | HSBC Securities |
| 9/25/2023 | $4.50 | Hold | HSBC Securities |
| 7/5/2023 | Neutral | Citigroup | |
| 6/27/2023 | $6.00 → $5.00 | Buy → Neutral | B. Riley Securities |
| 6/14/2023 | $4.50 → $4.25 | Market Perform → Underperform | BMO Capital Markets |
| 3/10/2023 | $7.25 | Sector Perform | Scotiabank |
| 1/6/2023 | Equal Weight → Underweight | Wells Fargo | |
| 12/8/2022 | $5.50 | Market Perform | BMO Capital Markets |
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
6-K - Ballard Power Systems Inc. (0001453015) (Filer)
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HSBC Securities downgraded Ballard Power from Buy to Hold
TD Securities downgraded Ballard Power from Hold to Sell
HSBC Securities upgraded Ballard Power from Hold to Buy and set a new price target of $4.50
HSBC Securities initiated coverage of Ballard Power with a rating of Hold and set a new price target of $4.50
Citigroup initiated coverage of Ballard Power with a rating of Neutral
B. Riley Securities downgraded Ballard Power from Buy to Neutral and set a new price target of $5.00 from $6.00 previously
BMO Capital Markets downgraded Ballard Power from Market Perform to Underperform and set a new price target of $4.25 from $4.50 previously
Scotiabank initiated coverage of Ballard Power with a rating of Sector Perform and set a new price target of $7.25
Wells Fargo downgraded Ballard Power from Equal Weight to Underweight
BMO Capital Markets initiated coverage of Ballard Power with a rating of Market Perform and set a new price target of $5.50
VANCOUVER, BC, Nov. 5, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced consolidated financial results for the third quarter ended September 30, 2024. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "We had a tough quarter, marked by weak revenue, strained gross margin, soft new order intake, adverse order book adjustments, a restructuring charge of $16.1 million, and non-cash impairments totaling approximately $147.0 million," stated Randy Mac
VANCOUVER, BC and WINNIPEG, MB, Nov. 4, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced a purchase order to supply 200 fuel cell engines to New Flyer, a subsidiary of NFI Group Inc. ((", NFI", , TSX:NFI, OTC:NFYEF, TSX:NFI, www.nfigroup.com)), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions in North America and Europe. The order of 200 fuel cell engines, representing a total of approximately 20 MW of power, is the second purchase order under the long-term supply agreement announced in January
VANCOUVER, BC, Oct. 3, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) will hold a conference call on Tuesday, November 5th, 2024 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review third 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 & Presentations' area of the 'Investors' section of Ballard's website (www
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. "As discussed during our recent earnings call, in the context of a challenging macroeconomic and geopolitical outlook and amid protracted policy uncertainty, we see a multi-year push-out of the availability of low-cost, low carbon hydrogen and hydrogen refueling infrastructure.
Quarter highlights include new product launch, progress on next-gen plate manufacturing, and data center market development VANCOUVER, 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 deliverables relating to products, advanced manufacturing, and markets, all in
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 & Presentations' area of the 'Investors' section of Ballard's website (www
VANCOUVER, BC and WESTERVILLE, Ohio, June 18, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) and Vertiv (NYSE:VRT), a global provider of critical digital infrastructure and continuity solutions, have entered into a strategic technology partnership with a focus on backup power applications for data centres and critical infrastructures, scalable from 200kW to multiple MWs. Collaborating to demonstrate the technical feasibility and customer benefits of hydrogen-powered fuel cell solutions, Vertiv has integrated Ballard fuel cell power modules with Vertiv™ Lieb
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 governance, risk management, and performance are also outlined within this rep
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 website. Director Nominee Votes For % For Votes Withheld % Withheld Kathy Bayl
Element 1 Corp, a pioneer in on-demand hydrogen generation technology, and Ballard Power Systems (NASDAQ:BLDP, TSX:BLDP), have joined forces to accelerate the adoption of sustainable hydrogen energy solutions. This groundbreaking collaboration aims to revolutionize the way we generate and utilize hydrogen for various applications. Specifically, the joint effort successfully paired Ballard's FCwave™ 200-kW fuel cell module with Element 1's M/L18 hydrogen generator (235 kg hydrogen per day), producing high-purity hydrogen in the range of 0.7 to 2.2 barg. This is a major breakthrough, since the typical FCwave™ hydrogen supply pressure range is 3.5 to 6.5 barg. This low-pressure result was ac
VANCOUVER, BC, Nov. 5, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced consolidated financial results for the third quarter ended September 30, 2024. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "We had a tough quarter, marked by weak revenue, strained gross margin, soft new order intake, adverse order book adjustments, a restructuring charge of $16.1 million, and non-cash impairments totaling approximately $147.0 million," stated Randy Mac
VANCOUVER, BC, Oct. 3, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) will hold a conference call on Tuesday, November 5th, 2024 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review third 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 & Presentations' area of the 'Investors' section of Ballard's website (www
Quarter highlights include new product launch, progress on next-gen plate manufacturing, and data center market development VANCOUVER, 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 deliverables relating to products, advanced manufacturing, and markets, all in
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 & Presentations' area of the 'Investors' section of Ballard's website (www
VANCOUVER, BC, May 7, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced consolidated financial results for the first quarter ended March 31, 2024. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "In our last earnings report, we indicated that we expected continued growth in our Order Backlog, major order announcements from customers in our Bus and Stationary verticals, and the announcement of our next manufacturing facility," said Randy MacEwen,
VANCOUVER, BC, April 9, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) will hold a conference call on Tuesday, May 7th, 2024 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first 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 & Presentations' area of the 'Investors' section of Ballard's website (www.bal
VANCOUVER, BC, March 11, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced consolidated financial results for the fourth quarter ended December 31, 2023. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "Our transition to a commercial products company is gaining momentum, with growing market acceptance of our fuel cell engines across our verticals," said Randy MacEwen, President and CEO. "We shipped a record number of fuel cell engines in the quarter, allowing us to close out the year with Q4 revenue of $46.8 million, up 132% year-over-year. We also booked $64.
VANCOUVER, BC, Feb. 26, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) will hold a conference call on Monday, March 11th, 2024 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review fourth quarter and full year 2023 operating results. The live call can be accessed by dialing +1-604-638-5340. 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 & Presentations' area of the 'Investors' section of Ballard's website (www.ballard.
VANCOUVER, BC, Aug. 9, 2023 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced consolidated financial results for the second quarter ended June 30, 2023. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "We are making important progress on our strategic priorities as communicated at our 2023 Capital Markets Day. During Q2, we grew our order book, invested in next-generation fuel cell products, and continued to drive our product cost reduction programs," said Randy MacEwen, President and CEO. "We continue to see growing customer interest across our market verticals, w
VANCOUVER, BC, July 26, 2023 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) will hold a conference call on Wednesday, August 9th, 2023 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review second quarter 2023 operating results. The live call can be accessed by dialing +1-604-638-5340. 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 & Presentations' area of the 'Investors' section of Ballard's website (www.ballard.com/investo
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 website. Director Nominee Votes For % For Votes Withheld % Withheld Kathy Bayl
Board of Directors Approves Share Consolidation on an 8-for-1 Ratio Board of Directors Announces Jacqueline Dedo as Li-Cycle's Independent Board Chair Li-Cycle Holdings Corp. (NYSE:LICY) ("Li-Cycle" or the "Company"), a leading global lithium-ion battery resource recovery company, today announced updates from the Company's Annual General and Special Meeting of Shareholders held on May 23, 2024 (the "AGM"). Voting results of items of business at the AGM included the election of each of the Li-Cycle director nominees; the approval of the share consolidation resolution, described further below; the approval of the compensation of the Company's named executive officers on an advisory basi
VANCOUVER, BC, March 27, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced the appointment of Ms. Jacqueline (Jacqui) Dedo to the Ballard Board of Directors. Ms. Dedo brings relevant experience to the Board with her background in the transportation industry, including electrified propulsion in heavy-duty mobility, while also bringing complementary competencies related to strategy, innovation, technology, and corporate governance. "We strive to have a Board that is comprised of highly qualified directors with diverse and complementary background
VANCOUVER, BC, June 9, 2023 /CNW/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced results of its 2023 Annual General Meeting, which was held yesterday as a virtual event. All nominees listed in the Management Proxy Circular dated April 10th, 2023 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 website. Director Nominee Votes For % For Votes Withheld % Withheld
VANCOUVER, BC, June 9, 2023 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced results of its 2023 Annual General Meeting, which was held yesterday as a virtual event. All nominees listed in the Management Proxy Circular dated April 10th, 2023 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 website. Director Nominee Votes For % For Votes Withheld % W
VANCOUVER, BC, Feb. 9, 2023 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced the retirement of Ms. Duy-Loan Le from the Board of Directors for personal reasons, effective February 28, 2023. Jim Roche, Ballard's Chair, commented, "Duy-Loan has been a valued member of the Ballard Board of Directors since 2017. She made important contributions to the Board's work during this period given her deep insights on technology development and commercialization, and complemented by her integrity, empathy and humanity. We wish Duy-Loan well in her future endeav
VANCOUVER, BC, Jan. 9, 2023 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced the appointment of Mark Biznek, MEng, as Chief Operating Officer (COO), effective immediately. Mark brings a breadth of experience during a 30-year career in operations, manufacturing, business development and manufacturing engineering. During the past 10 years, Mark served in various leadership roles for Kohler Power Systems, including as General Manager of Marine & Power Solutions, as Vice President of Global Operations & Supply Chain, and as Vice President of Operations
VANCOUVER, BC, Aug. 29, 2022 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced the appointment of Mircea Gradu, PhD, FSAE, as Chief Engineering Officer (CEngO), effective August 29th, 2022. Randy MacEwen, Ballard's President & CEO, commented, "We are excited to welcome Mircea to the Ballard team. Mircea brings over 25 years of experience in the automotive and commercial vehicle industry, with deep knowledge of electric vehicles and powertrain development. His well-rounded technical capabilities will be pivotal in leading our product development as w
VANCOUVER, BC, June 9, 2022 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced results of its 2022 Annual General Meeting, which was held yesterday as a virtual event. All nominees listed in the Management Proxy Circular dated April 11th, 2022 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 website. Director Nominee Votes For % For Votes Withheld % W
VANCOUVER, BC, May 24, 2022 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced the appointment of Mr. David Mucciacciaro as Senior Vice President and Chief Commercial Officer (CCO), effective May 23rd, 2022. Mr. Mucciacciaro will succeed Mr. Rob Campbell, who is retiring after serving as Ballard's CCO since 2017. Mr. Campbell will continue to support the CCO transition process through July 2022. Randy MacEwen, Ballard's President & CEO, commented, "I am excited to welcome David to the Ballard team. David brings over 25 years of global commercial lead
U.S. stocks were slightly higher, with the Dow Jones index gaining around 0.1% on Tuesday. Shares of Patterson Companies, Inc. (NASDAQ:PDCO) rose sharply during Tuesday's session following quarterly results. Patterson Cos posted adjusted earnings of 82 cents per share on sales of $1.723 billion, according to data from Benzinga Pro. Patterson Companies shares climbed 9.7% to $25.06 on Tuesday. Here are some other big stocks recording gains in today’s session. Silk Road Medical, Inc (NASDAQ:SILK) shares climbed 23.8% to $26.83 after the company entered a definitive deal to be acquired by Boston Scientific for $27.50 per share. La-Z-Boy Incorporated (NYSE:LZB) surged 17.7% to
Wells Fargo analyst Praneeth Satish maintains Ballard Power Systems (NASDAQ:BLDP) with a Underweight and lowers the price target from $3.5 to $3.
HSBC analyst Samantha Hoh maintains Ballard Power Systems (NASDAQ:BLDP) with a Buy and lowers the price target from $4.1 to $3.8.
CIBC analyst Hamir Patel maintains Ballard Power Systems (NASDAQ:BLDP) with a Neutral and lowers the price target from $3.75 to $3.5.
Truist Securities analyst Jordan Levy reiterates Ballard Power Systems (NASDAQ:BLDP) with a Hold and lowers the price target from $3.5 to $3.
2024 OutlookConsistent with the Company's past practice, and in view of the early stage of hydrogen fuel cell market development, specific revenue or net income (loss) guidance for 2024 is not provided. The Company expects revenue in 2024 will be back-half weighted, with roughly 30% in the first half and 70% in the second half, similar to 2023. Ballard's Total Operating Expense2 and Capital Expenditure3 guidance ranges for 2024 are as follows:2024GuidanceTotal Operating Expense2$145 - $165 millionCapital Expenditure3$50 - $70 million
Ballard Power Systems (NASDAQ:BLDP) reported quarterly losses of $(0.14) per share which met the analyst consensus estimate. This is a 27.27 percent decrease over losses of $(0.11) per share from the same period last year. The company reported quarterly sales of $14.50 million which missed the analyst consensus estimate of $16.66 million by 12.97 percent. This is a 9.02 percent increase over sales of $13.30 million the same period last year.