Ballard Power Systems Inc. Stock News

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 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 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 ...

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 accorda...

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.

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.

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.

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.