Ballard Power Systems’ Revenue Rises Amidst Challenges

Ballard Power Systems (TSE:BLDP) has released an update.

Ballard Power Systems reported a 4% increase in Q2 2024 revenue to $16.0 million, with significant growth in heavy-duty mobility sales and advancements in fuel cell technology and manufacturing. Despite this, the company experienced a downturn in order intake and is adjusting its capital expenditure forecast while maintaining a strong focus on customer-oriented product development and cost management.

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