Ballard Power Systems 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

5/7/24 8:40:30 AM ET

Industrial Machinery/Components

Energy

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2024 Outlook

Consistent 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:

2024	Guidance
Total Operating Expense2	$145 - $165 million
Capital Expenditure3	$50 - $70 million

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Recent Analyst Ratings for
$BLDP

Date	Price Target	Rating	Analyst
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

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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
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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
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Ballard Announces Q3 2024 Results Conference Call
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
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Ballard Reports Q2 2024 Results
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
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Ballard Announces Q2 2024 Results Conference Call
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
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Ballard Announces Q3 2024 Results Conference Call
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
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Ballard announces restructuring to lower total operating expenses by more than 30% to align with delayed market adoption, while maintaining long-term competitiveness and balance sheet strength
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.
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Ballard Power Systems 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

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SEC Form 6-K filed by Ballard Power Systems Inc.

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Ballard Power Systems 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

Chat with this insight

Recent Analyst Ratings for $BLDP

$BLDP Leadership Updates

Live Leadership Updates

Ballard Power announces results of Annual General Meeting 2024

Li-Cycle Provides Update on Annual General and Special Meeting Results

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$BLDP SEC Filings

SEC Form 6-K filed by Ballard Power Systems Inc.

SEC Form 6-K filed by Ballard Power Systems Inc.

SEC Form 6-K filed by Ballard Power Systems Inc.

$BLDP Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Ballard Power downgraded by TD Securities

Ballard Power upgraded by HSBC Securities with a new price target

HSBC Securities initiated coverage on Ballard Power with a new price target

$BLDP Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Ballard Power Systems Inc.

SEC Form SC 13G/A filed by Ballard Power Systems Inc. (Amendment)

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$BLDP Financials

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Ballard Announces Q3 2024 Results Conference Call

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$BLDP Press Releases

Fastest customizable press release news feed in the world

Ballard Announces Q3 2024 Results Conference Call

Ballard announces restructuring to lower total operating expenses by more than 30% to align with delayed market adoption, while maintaining long-term competitiveness and balance sheet strength

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$BLDP Market Insights

Live Market Insights

Shares of companies within the broader industrial sector are trading higher amid overall market strength as investors assess this week's inflation data.

Patterson Companies, Silk Road Medical, Micron, Hewlett Packard Enterprise And Other Big Stocks Moving Higher On Tuesday

Ballard Power Systems shares are trading higher after the company and Vertiv entered a technology partnership.

Recent Analyst Ratings for
$BLDP

$BLDP
Leadership Updates

$BLDP
SEC Filings

$BLDP
Analyst Ratings

$BLDP
Large Ownership Changes

$BLDP
Financials

$BLDP
Press Releases

$BLDP
Market Insights