The latest announcement is out from Ballard Power Systems ( (TSE:BLDP) ).
Ballard Power Systems reported a challenging year in 2024, with revenue declines due to prolonged policy uncertainty and a difficult funding environment in the hydrogen and fuel cell industry. Despite these challenges, Ballard achieved significant commercial milestones, including a record order backlog and advancements in product development and cost reduction programs. The company also initiated a global restructuring to reduce operating expenses and halted further investments in the China market. Looking forward, Ballard aims to maintain financial strength and focus on customer needs and product development amidst ongoing industry rationalization.
More about Ballard Power Systems
Ballard Power Systems is a company operating in the hydrogen and fuel cell industry, focusing on the development and deployment of fuel cell applications. The company is known for its work in heavy-duty mobility, stationary power, and emerging markets, with a particular emphasis on hydrogen projects and fuel cell engines.
YTD Price Performance: -33.15%
Average Trading Volume: 10,041,134
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $362.5M
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