- Ballard Power Systems reported fourth-quarter fuel cell products and services revenue at $24.5 million, underperforming the estimate of $28.5 million.
- The Heavy Duty Mobility segment generated $16.8 million in revenue, short of the anticipated $23.2 million.
- Stationary revenue exceeded expectations with $6.9 million, compared to the estimate of $4.47 million.
- Emerging & Other revenue was $0.8 million, missing the estimate of $2 million.
- The loss per share from continuing operations was 16 cents.
- Adjusted EBITDA showed a loss of $36.0 million, wider than the estimated loss of $34.4 million.
- The company reported a gross margin of -13%.
- Revenue for 2025 is anticipated to be weighted towards the second half of the year.
- Randy MacEwen, CEO, acknowledged the impact of industry challenges on the Q4 and full-year 2024 financial results.
- The company is evaluating its investment plans, cost structure, and cash usage in response to factors affecting market and product adoption.
- Cash operating costs in Q4 decreased by 6% year-over-year due to restructuring activities started in September, with further reductions expected in 2025.
- Market analyst ratings include 2 buys, 14 holds, and 3 sells.
A look at Ballard Power Systems Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
Ballard Power Systems Inc. has received a stellar Smartkarma Smart Score in terms of value and resilience. A top score of 5 in value suggests that the company is considered to be undervalued by the market, indicating potential for growth in the long term. Furthermore, a perfect 5 in resilience showcases the company’s ability to withstand economic downturns and market fluctuations, providing investors with a sense of stability and confidence in the company’s performance.
However, the company’s Smart Score for dividend and growth is notably lower, at 1 and 2 respectively. A low dividend score of 1 indicates that Ballard Power Systems may not be an attractive choice for investors seeking regular income from dividends. Similarly, a growth score of 2 suggests that the company may have slower growth prospects compared to its peers. Despite this, with a moderate momentum score of 3, there is still a positive trend in the company’s stock performance that investors may consider.
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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