Ballard Power Systems (TSE:BLDP) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Ballard Power Systems has announced a strategic restructuring plan to reduce operating expenses by over 30%, aiming to adjust to slower-than-expected market adoption of hydrogen fuel cells and infrastructure. Despite a challenging market, they maintain a strong balance sheet and are committed to the long-term potential of hydrogen fuel cells in decarbonizing transport. The company is also undergoing leadership changes with new appointments for CFO and COO positions.
For further insights into TSE:BLDP stock, check out TipRanks’ Stock Analysis page.