Ballard Power (TSE:BLDP) has released an update.
Ballard Power Systems reported a productive Q1 2024, with a 9% revenue increase, a 38% growth in its Order Backlog, and significant non-dilutive funding for its upcoming Rockwall Gigafactory. The company saw a surge in order intake across multiple sectors, including repeat orders for approximately 1,200 fuel cell engines in the Bus segment. Furthermore, Ballard is optimistic about its future, citing a strong policy environment and ongoing investments poised to bolster the second half of 2024 and beyond.
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