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
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

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Ballard Reports Q3 2024 Results
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
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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 Reports Q3 2024 Results
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
11/5/24 8:30:00 AM ET
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Ballard announces purchase order to supply 200 fuel cell engines to New Flyer
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
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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 Power announces results of Annual General Meeting 2024
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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Li-Cycle Provides Update on Annual General and Special Meeting Results
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
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Ballard Announces Appointment of Jacqui Dedo to Board of Directors
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 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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Recent Analyst Ratings for
$BLDP

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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 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.

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Ballard Reports Q3 2024 Results

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This live feed shows all institutional transactions in real time.

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

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$BLDP Analyst Ratings

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Recent Analyst Ratings for
$BLDP

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$BLDP
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Analyst Ratings

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Press Releases

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Market Insights

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Leadership Updates