Ballard power systems latest news

Why was Ballard Power Systems' Q3 earnings disappointing?

BLDP Reporting dismal Q3 earnings Tuesday, Ballard Power Systems (NASDAQ:BLDP) attributed poor demand reflecting delays in hydrogen fuel cell adoption. Posting a GAAP loss per share of $0.68, the Canadian fuel cell producer missed analyst projections by $0.55.

What is Ballard Power Systems?

Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard , please visit www.ballard.com .

Why are Ballard Power Systems (BLDP) shares trading lower?

Ballard Power Systems Inc. (NASDAQ: BLDP) shares are trading lower after it reported third-quarter results. Revenue fell 45% year-over-year to $14.8 million, missing the analyst consensus estimate of $23.6 million. Revenue decreased due to weak customer demand, which reflects a push-out in the adoption curve for hydrogen and PEM fuel cells.

Does BNP Paribas own Ballard Power Systems?

Mirae Asset Global Investments Co. Ltd. now owns 291,019 shares of the technology company’s stock valued at $535,000 after buying an additional 32,909 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Ballard Power Systems by 4.1% during the first quarter.

Does Van Eck associates own Ballard Power Systems?

Van ECK Associates Corp raised its position in shares of Ballard Power Systems by 8.8% in the 2nd quarter. Van ECK Associates Corp now owns 2,321,782 shares of the technology company’s stock worth $5,224,000 after acquiring an additional 186,833 shares in the last quarter.

Why did Ballard's revenue dip 45%?

The quarter's total income came out to be $14.8 million, which fell short by $9.7 million and showed a 45% annual decline. Ballard claims that a larger slowdown in customer demand for hydrogen and proton exchange membrane (PEM) fuel cellsfundamental to the company's expansion plan was the primary cause of the revenue dip.