- Ballard Power Systems reported its third-quarter results, showing higher-than-expected performance in several segments.
- Fuel cell products and services revenue reached $32.5 million, surpassing the estimate of $24.9 million.
- Heavy Duty Mobility revenue amounted to $23.4 million, exceeding the estimate of $20.1 million.
- Stationary revenue was $3.8 million, above the expected $2.28 million.
- Emerging and Other revenue totaled $5.3 million, significantly higher than the estimate of $1.24 million.
- The company reported a loss per share from continuing operations of 9.0 cents.
- Adjusted EBITDA loss was $31.2 million, compared to an estimated loss of $27.4 million.
- Gross margin was 15%, outperforming the estimated -9.04%.
- Ballard expects its revenue for 2025 to be stronger in the latter half of the year.
- The company decided not to pursue manufacturing expansion with a Texas Gigafactory due to changes in U.S. federal funding, relying instead on existing capacity to meet expected volumes.
- Net order intake improved to $19 million, mainly fueled by a significant marine order to eCap and Samskip.
- The analyst ratings for Ballard Power include 1 buy, 11 holds, and 3 sells.
A look at Ballard Power Systems Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores to assess Ballard Power Systems have given the company a promising outlook. With a high score in Momentum, indicating strong market performance, Ballard Power Systems seems to be on a positive trajectory for the future. Additionally, the company scores well in Value and Resilience, highlighting its solid financial health and ability to withstand market challenges. Although growth and dividend scores are lower, the overall outlook portrays Ballard Power Systems as a company with potential for long-term success.
Ballard Power Systems Inc. is a company that designs and manufactures hydrogen fuel cells for various industries, including materials handling, residential cogeneration, backup power, and transportation. This diverse range of applications positions Ballard Power Systems as a key player in the clean energy sector, with a focus on sustainability and technological innovation.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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