Ballard Power reports Q4 cont ops EPS (16c), consensus (13c)

Reports Q4 revenue $24.5M, consensus $28.55M. “2024 was a tough year for the hydrogen and fuel cell industry,” stated Randy MacEwen, Ballard’s President and CEO. “Amidst prolonged policy uncertainty, there was a multi-year push-out in the development of hydrogen projects and the deployment of fuel cell applications. With this backdrop, compounded by a difficult funding environment, an industry rationalization is underway.”