In a challenging market environment, Ballard Power Systems Inc . (NASDAQ:BLDP) stock has reached a new 52-week low, touching down at $1.08. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 9.25 and holds more cash than debt on its balance sheet. The company, known for its innovative fuel cell solutions, has faced significant headwinds over the past year, reflected in a substantial 1-year change with a decline of -65.34%. With a market capitalization of $325 million and revenue declining nearly 32% in the last twelve months, investors have shown concern as the stock struggles to regain momentum amidst broader economic pressures and industry-specific hurdles. This latest price level marks a critical juncture for Ballard Power as it navigates through a period of heightened volatility and investor scrutiny. For deeper insights into BLDP’s valuation and 15+ additional key metrics, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Ballard Power Systems Inc. announced its financial results for the fourth quarter of 2024, reporting an adjusted loss of $0.16 per share, which was $0.03 below the analyst estimate of a $0.13 per share loss. The company achieved a revenue of $24.5 million, falling short of the consensus forecast of $29.54 million. Despite this, Ballard’s gross margin improved to -13%, a 9 percentage point increase year over year, although it remained negative. For the full year 2024, Ballard reported a revenue of $69.7 million, marking a 32% decrease from the previous year. However, the bus segment showed resilience with a 51% revenue growth. CEO Randy MacEwen highlighted challenges in the hydrogen and fuel cell industry, mentioning policy uncertainty and project delays, but noted $113 million in new orders for 2024. Looking forward, Ballard expects 2025 revenue to be more substantial in the latter half of the year and anticipates total operating expenses of $100-$120 million. The company concluded 2024 with $603.9 million in cash and no debt, providing a solid financial footing.
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