Ballard Power Systems

Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions. The company was founded in 1979 and is headquartered in Burnaby, Canada.

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Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products. It focuses on power products for bus, truck, rail, marine, stationery, and emerging markets applications, as well as the delivery of services, including technology solutions, after sales services, and training. The company was founded in 1979 and is headquartered in Burnaby, Canada.

Ballard Power Systems Inc. (NASDAQ:BLDP ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Sumit Kundu – Manager and Investor Relations Randy MacEwen – Chief Executive Officer Kate Igbalode – Chief Financial Officer Conference Call Participants Rob Brown – Lake Street Capital Markets Jordan Levy – Truist Securities Saumya Jain – UBS Ameet Thakkar – BMO Capital Markets Craig Shere – Tuohy Brothers Rupert Merer – National Bank Mac Whale – Cormark Securities Martin Malloy – Johnson Rice Kashy Harrison – Piper Sandler Operator Hello and welcome to the Ballard Power Systems' Third Quarter 2024 Results Conference Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded.

Ballard Power Systems Inc. (BLDP) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Ballard (BLDP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Ballard (BLDP) Reports Q3 Earnings: What Key Metrics Have to Say

Ballard Power Systems (BLDP) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.12 per share a year ago.

Ballard Power Systems (BLDP) Reports Q3 Loss, Misses Revenue Estimates

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).

Ballard Reports Q3 2024 Results

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.DB; 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 2024, and double the first purchase order of 100 engines under this agreement.

Ballard announces purchase order to supply 200 fuel cell engines to New Flyer

Ballard (BLDP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ballard Power Systems (BLDP) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

VANCOUVER, BC , Oct. 3, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Tuesday, November 5 th, 2024 at 8:00 a.m. Pacific Time (11:00 a.m.

Ballard Announces Q3 2024 Results Conference Call

Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The "Hydrogen Truck Market by Vehicle Type, Fuel Cell Technology, Motor Power (Upto 200 Kw, 200-400 Kw, Above 400 Kw), Range (Upto 300 Miles, 300-500 Miles, Above 500 Miles), Tank Size, Type of Hydrogen Tank, and Region - Global Forecast to 2035" report has been added to ResearchAndMarkets.com's offering. The global hydrogen truck market is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion in 2035, at a CAGR of 16.9%. Hydrogen trucks presents a significant opportunity for transportation fleet owners to achieve zero-emission transportation with similar operational benefits from conventional diesel vehicles. Government plans and initiatives for hydrogen infrastructure and production, deployment of hydrogen trucks, implementation of fleet decarbonization mandates and rapid setup of hydrogen technology R&D centers in the region due to lower cost are the factors driving the demand for hydrogen trucks. Also, lower TCO of hydrogen trucks as compared to ICE and Battery-electric trucks is increasing the demand for hydrogen truck market. 30-60 kg segment is expected to hold a significant share of hydrogen truck market during the forecast period A medium-sized hydrogen fuel tank that stores between 30 and 60 kilograms of hydrogen are commonly used in standard medium-length buses and medium-duty trucks. They offer a balance between range and payload capacity, making them suitable for a wide variety of transportation needs, including daily commutes and long- distance travel. These tanks are generally used for intercity/transit applications in buses. 30-60 kg tank is preferred over < 30kg and >60 kg tank due to its operational efficiency and less refueling time, making it an ideal solution for long-haul transportation. Leading OEMs such as Solaris, Hyundai Motor Company, Foton International, Van Hool, and Mercedes Benz, among others, provide models such as Foton BJ6123FCEVCH, Hyundai UNIVERSE Fuel Cell, Hyundai ELEC CITY Fuel Cell, eCitaro fuel cell, hydrogen buses with fuel tank capacities of 30-60 kg. Trucks usually use these tanks for refuse services as well as long-haul transportation. OEMs such as HYZON Motors, Hyundai Motor Company, Foton International, and Nikola, among others, provide models such as Hymax 24t, Xcient FC, Nikola Tre, HYMAX-500 and QUANTRON FCEV EU Heavy Truck, among others with fuel tank capacity of 30-60 kg. 200-400 kw to lead the market for hydrogen buses and truck, by motor power The 200-400 kW segment has a wide range of applications, including regular city buses and articulated buses utilized on mixed urban and suburban routes and medium-duty trucks that demand more power and speed. Also, 200-400 kW is more prevalent in Transit buses due to its balance between power output and vehicle range. Hydrogen trucks in North America generally include motors which vary from 200 kW to 400 kW. California transit companies, such as AC Transit and SunLine Transit, are in their early stages of hydrogen bus deployment due to state zero-emission transportation applications. The high cost of hydrogen generation, limited refueling infrastructure, and the necessity for more technology advancements are significant barriers. Leading automakers in Europe, like Solaris and IVECO s.p.a., have started operating hydrogen transit buses in the region. Solaris, for example, delivered 200 hydrogen buses to about 24 European cities in December 2023 and secured additional pre-orders for 600 hydrogen-powered vehicles between 2024 and 2026. North America is expected to have significant growth during the forecast period North America has been one of the leading regions in terms of manufacturing of hydrogen vehicles with the help of renowned fuel cell component providers in the US and Canada such as Ballard Power (Canada), Plug Power (US), and Fuel Cell Energy (US). US and Canada have been supporting the growth of FCEVs, especially in the commercial vehicle sector. The governments have supported performance testing for hydrogen vehicles for interstate logistics and buses. The presence of companies like Ballard Power Systems, Hyster-Yale, Plug Power, Cummins, Advent Technologies Holdings, BorgWarner, among others makes the North American market more competitive. Transit agencies in the North America are increasingly adopting hydrogen buses by local OEMs, such as NFI and First Hydrogen, due to their longer operational range, and quick refueling times across diverse climates. Unlike electric buses, which have longer charging times and infrastructure prerequisites, hydrogen buses offer a more scalable and viable solution. Every hydrogen bus deployed in the US could reduce the carbon released into the atmosphere by 100 tons annually and eliminate the need for 9,000 gallons of fuel every year over the vehicle's life. Compared to ICE Buses, that translates into more than USD 37,000 per year per vehicle savings.

Hydrogen Truck Market Global Forecast to 2035, Featuring Case Studies of Ballard Power Systems, Transport for London (TFL), Van Hool and Hall Transport

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.

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

Ballard Power Systems Inc. reported weak Q2/2024 results with poor margins and revenues coming in well below expectations. Order intake deteriorated to new multi-year lows as a number of customers pushed out anticipated orders. On the conference call, management warned of delayed market adoption for its fuel cell applications, particularly in the truck vertical.

Ballard Power Systems Q2: Poor Results And Weak Near-Term Prospects, Hold

Ballard Power Systems Inc. (NASDAQ:BLDP ) Q2 2024 Earnings Conference Call August 12, 2024 11:00 AM ET Company Participants Kate Igbalode - VP, IR Randy MacEwen - CEO Paul Dobson - CFO Conference Call Participants Rupert Merer - National Bank Mac Whale - Cormark Securities Aaron MacNeil - TD Cowen Jordan Levy - Truist Securities Saumya Jain - UBS Kashy Harrison - Piper Sandler Rob Brown - Lake Street Capital Markets Ameet Thakkar - BMO Capital Markets Craig Irwin - ROTH Capital Partners Operator Thank you for standing by. This is the conference operator.

Ballard Power Systems Inc. (BLDP) Q2 2024 Earnings Call Transcript

The headline numbers for Ballard (BLDP) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Ballard (BLDP) Q2 Earnings: A Look at Key Metrics

Ballard Power Systems (BLDP) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.10 per share a year ago.

Ballard Power Systems (BLDP) Reports Q2 Loss, Misses Revenue Estimates

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).

Ballard Reports Q2 2024 Results

Beyond analysts' top -and-bottom-line estimates for Ballard (BLDP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Insights Into Ballard (BLDP) Q2: Wall Street Projections for Key Metrics

New Linde PLC

Plug Power

While the S&P 500 was up more than 20% in 2023, it probably was not the best year for those who invested in the hydrogen sector. During aggressive interest hikes, a lot of the hydrogen companies struggled to keep revenue up and bring returns to investors.

3 Hydrogen Stocks That Could Grow Your Wealth

VANCOUVER, BC , July 11, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Monday, August 12 th, 2024 at 8:00 a.m. Pacific Time (11:00 a.m.

Ballard Announces Q2 2024 Results Conference Call

Bloom Energy

Hydrogen stocks are entering a buy zone, with many undervalued companies poised for significant gains if broader indices like the Nasdaq and S&P 500 receive an expected boost in liquidity. Despite their speculative nature, these hydrogen stocks present a potential for explosive growth.

3 Hydrogen Stocks That Could Make Your Grandchildren Rich

Hydrogen stocks continue to hold significant potential for investors. It continues to have the potential to de-carbonize various sectors and for that reason hope surrounding hydrogen remains.

10X Hydrogen Plays: 3 Stocks That Will Have Investors Grinning From Ear to Ear

Vertiv Holdings Co

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™ Liebert® EXL S1 uninterruptible power system (UPS) within a successfully demonstrated proof of concept (POC) at Vertiv's facility in Ohio.

Ballard and Vertiv announce strategic technology partnership to support alternative energy usage for data centers

FuelCell Energy

As the world transitions towards a cleaner energy future, hydrogen stocks have gained attention from investors. However, not all hydrogen companies are thriving.

Hydrogen Hurdles: 3 Stocks to Shed Before It's Too Late

For more than 30 years, investors have been looking for hydrogen stocks to buy as the pursuit of clean energy has gone from vision to reality. However, while hydrogen holds promise as one of the few “clean” energy alternatives, there are several obstacles that the industry has yet to fully overcome.

3 Hydrogen Stocks to Turn $100,000 into $1 million: June 2024

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.

Ballard Publishes its 2023 ESG Report

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 5 th. All nominees listed in the Management Proxy Circular dated April 8 th, 2024 were elected as directors of the Company.

Ballard Power announces results of Annual General Meeting 2024

BEND, Ore.--(BUSINESS WIRE)--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.

News for Ballard Power Systems Stock (BLDP)