BLDP - Ballard Power Systems Analysts Slash Their Forecasts After Q4 Results | Benzinga
Ballard Power Systems Inc. (NASDAQ: BLDP) reported mixed results for the fourth quarter on Monday.
The company reported fourth-quarter sales growth of 132% year-on-year to $46.80 million, beating the analyst consensus estimate of $34.07 million. The company posted a loss of 16 cents per share, compared to the consensus estimate of 13 cents per share, according to data from Benzinga Pro.
Ballard held $751.1 million in cash and equivalents as of December 31, 2023.
"Our transition to a commercial products company is gaining momentum, with growing market acceptance of our fuel cell engines across our verticals," said Randy MacEwen, President and CEO. "We shipped a record number of fuel cell engines in the quarter, allowing us to close ...