The Latest Breaking News from Ballard

Ballard Power Systems Inc (NASDAQ:BLDP) (TSX:BLDP) reported first-quarter revenue of $21 million, an increase of 19% year-over-year, driven by growth in Power Product sales, more than offsetting the decline in Technology Solutions revenue. EPS loss widened to $(0.14) compared to $(0.06) in 1Q21. The gross loss was $(0.2) million, compared to a $2.6…

Ballard Power Systems Inc (NASDAQ:BLDP) (TSX:BLDP) has earned Europe's first Type Approval for its marine fuel cell module FCwave from DNV, one of the world's top classification and certification agencies. The Type Approval is a significant step in commercializing Ballard's fuel cell technology for marine applications. It is critical to include fuel cells…

Ballard Power Systems, Inc (NASDAQ: BLDP) and Plug Power, Inc (NASDAQ: PLUG) have declined massively over the past year with Ballard trading down about 76% off its Feb.

BMO Capital analyst Jonathan Lamers downgraded Ballard Power Systems Inc (NASDAQ:BLDP) to Market Perform from Outperform and lowered the price target to $10 (an upside of 6%), from $23. Lamers's analysis indicates the company's revenue growth will underperform fuel cell sector leaders through 2022. He expects the market to value the stock more consistently with the…