Ballard Power Systems Inc

BLDP

Equity

ISIN null / Valor 4889034

Toronto Stock Exchange (2025-10-17)

CAD 5.09-1.36%

Ballard Power Systems Inc
UMushroom community rating:

4.00 1 votes No rating yet

NegativeNeutralPositive

About company

Ballard Power Systems Inc. is a leading company in the development and production of proton exchange membrane (PEM) fuel cell technology, primarily serving the transportation and power generation sectors. With over 40 years of experience, Ballard specializes in heavy-duty fuel cell modules ranging from 45kW to 360kW, designed to meet rigorous mechanical, electrical, and environmental standards. The company's products are utilized in various applications, including automotive, maritime, rail, and backup power systems. Ballard's hydrogen fuel cells are particularly significant in the marine industry, where they provide scalable and reliable zero-emission power solutions, aligning with the sector's increasing regulatory demands for reduced emissions. Through its innovative technology, Ballard Power Systems is contributing to the advancement of sustainable energy solutions across multiple industries.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Ballard Power Systems Inc achieved total revenue of $15.4 million in Q1 2025, representing a 6% year-over-year increase. This growth was primarily driven by a 41% surge in bus market revenues and a 31% rise in engine shipments.

Enhanced Gross Margins

The company improved its gross margin by 14 percentage points to (23%) in Q1 2025. This enhancement was mainly due to increased revenue and lower manufacturing overhead costs stemming from restructuring initiatives.

Operating Expense Reductions

Ballard successfully reduced its Cash Operating Costs by 22% and Total Operating Expenses by 31% in Q1 2025. These reductions were primarily achieved through restructuring actions initiated in September 2024.

Strong Cash Position

At the end of Q1 2025, Ballard Power Systems Inc maintained a robust cash and cash equivalents balance of $576.7 million, ensuring financial stability without the need for near-term financing.

Order Backlog

The company's Order Backlog stood at $158 million at the close of Q1 2025, including a 12-month Orderbook of $92.4 million. This reflects a steady demand pipeline despite some delays in order intake within the hydrogen and fuel cell industry.

Summarized from source with an LLMView Source

Key figures

129%1Y

-34.3%3Y

-71.5%5Y

Performance

67.9%1Y

74.9%3Y

80.3%5Y

Volatility