About Ballard power systems inc management
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6 FAQs about [Ballard power systems inc management]
Who is Ballard Power Systems Inc?
Ballard Power Systems Inc is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization.
Is Ballard Power Systems Inc a good investment?
BALLARD POWER SYSTEMS INC has an Investment Rating of SELL; a target price of $2.000000; an Industry Subrating of High; a Management Subrating of Low; a Safety Subrating of Low; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Low.
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 Ballard Power Systems Inc (BLDP) have a strong cash position?
Ballard Power Systems Inc (NASDAQ:BLDP) maintains a strong cash position with approximately $635.1 million in cash and cash equivalents. The company expects its global restructuring to reduce total annualized operating costs by more than 30%, enhancing financial stability.
Where is Ballard Power based?
It focuses on power products for bus, truck, rail, marine, stationery, and emerging markets applications, as well as the delivery of services, including technology solutions, after sales services, and training. The company was founded in 1979 and is headquartered in Burnaby, Canada. Ballard Power New stock (A0RENB | CA0585861085).
What happened to Ballard Power Systems?
The company’s products are used in buses, trucks, trains, marine vessels, and various stationary power applications. In its latest financial report for the third quarter of 2024, Ballard Power Systems reported significant financial challenges, including a substantial drop in revenue and increased losses.
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