Burnaby-based Ballard Power Systems Inc . (NASDAQ:BLDP) has scheduled a conference call to discuss its first-quarter financial results for 2025. The call, set for April 2025, will provide investors with the company’s latest performance metrics. According to InvestingPro data, the company’s stock is currently trading near its 52-week low of $1.07, having declined over 65% in the past year.
Ballard, a key player in the electrical industrial apparatus sector, is known for its commitment to clean energy technologies, particularly its hydrogen fuel cell solutions. While the company maintains a strong balance sheet with more cash than debt and a current ratio of 9.25, it faces challenges with revenue declining nearly 32% in the last twelve months. The announcement, made today, follows the company’s regular reporting practices as a foreign private issuer in compliance with the SEC’s Form 6-K requirements.
Chief Financial Officer Kate Igbalode will represent Ballard on the call, underscoring the company’s transparency in financial communications. Investors are anticipating the release of the Q1 results, which will shed light on Ballard’s current financial health and potentially its market position relative to competitors. InvestingPro analysis suggests the stock is currently undervalued, though it maintains a weak overall financial health score. Discover 15 additional key insights about BLDP with an InvestingPro subscription.
The company’s choice to report under Form 40-F indicates its status as a Canadian corporation with securities trading in the United States. Ballard’s consistent updates to its financial records are crucial for stakeholders seeking to make informed decisions based on the company’s performance.
This forthcoming conference call is an opportunity for Ballard to address its financial progress and outline any challenges or achievements encountered in the first quarter. As the company continues to navigate the competitive landscape of the clean energy sector, these updates are pivotal in maintaining investor confidence and market relevance.
The information for this article is based on a press release statement.
In other recent news, Ballard Power Systems (TSX:BLDP) reported its financial results for the fourth quarter of 2024. The company recorded a quarterly revenue of $24.5 million, which fell short of the analyst consensus estimate of $29.54 million. The adjusted loss per share for the quarter was $0.16, missing the analyst estimate of a $0.13 loss. Despite these figures, 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’s revenue was $69.7 million, representing a 32% decline from 2023, but the bus segment showed a 51% growth in revenue. The company ended the year with $603.9 million in cash and no debt, a significant financial position for future operations. CEO Randy MacEwen pointed out challenges faced by the hydrogen and fuel cell industry due to policy uncertainty and project delays, but highlighted $113 million in new orders for 2024. Looking forward, Ballard anticipates that its 2025 revenue will be more robust in the latter half of the year, with projected operating expenses between $100 million and $120 million.
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