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Ballard Power Systems (TSE:BLDP)
TSX:BLDP
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.14Last Year’s EPS
-0.19Same Quarter Last Year
Moderate Sell
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 6.25%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
Ballard Power Systems experienced significant achievements in order intake and product innovation amidst a challenging market environment with declining revenues and continued policy uncertainty. While operational and product milestones show positive long-term potential, immediate financial performance and market adoption face headwinds.Company Guidance
In the recent call, Ballard Power Systems provided comprehensive guidance for its future outlook, detailing several critical metrics. The company achieved a record-breaking new order intake of approximately $113 million for 2024, with a significant $75.4 million in Q4 alone, contributing to a year-end order backlog of $173.5 million, marking a 41% increase from Q3 and a 48% rise in the twelve-month order book compared to the previous year. Ballard reported a 30% growth in fuel cell engine shipments, delivering over 660 engines and 56.5 megawatts in 2024, supported by a compound annual growth rate (CAGR) of approximately 40% over four years. Despite facing a challenging market environment, Ballard initiated a global restructuring to reduce operating costs by over 30%, projecting 2025 operating expenses between $100 million and $120 million and capital expenditures ranging from $15 million to $25 million. The company ended 2024 with a strong cash position of over $600 million, ensuring no near or mid-term financing needs. Furthermore, Ballard achieved significant product development milestones, including the launch of the FC Move XD engine, and continued advancements in its Project Forge initiative, aiming for substantial cost reductions in bipolar plate manufacturing by 2026.Record-Breaking Order Intake
Ballard Power Systems achieved a record-breaking year for total new order intake for power products, securing approximately $113 million during 2024, with $75.4 million in Q4 alone. The year-ending order backlog reached $173.5 million, a 41% increase compared to the end of Q3.
Growth in Product Shipments
Delivery of fuel cell engines in 2024 grew by approximately 30%, from over 500 engines in 2023 to more than 660 in 2024, with PEM fuel cell engines accounting for over 90% of total revenue.
Significant Operating Cost Reductions
Ballard initiated a global corporate restructuring in September 2024 to reduce total annualized operating costs by more than 30%, realizing substantial reductions in 2025.
Product Innovation and Development Milestones
Launched the ninth-generation high-performance fuel cell engine, FC Move XD, and completed the initial development phase of Project Forge, aimed at reducing bipolar plate costs and increasing manufacturing capacity.
Strong Performance in Bus and Rail Verticals
Bus market revenue increased by 51% to approximately $44 million in 2024. Ballard secured orders from seven bus OEMs for more than 1,600 fuel cell engines. A landmark supply agreement with CPKC was signed for 98 fuel cell engines for freight locomotives.
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TSE:BLDP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:BLDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | C$1.76 | C$1.82 | +3.41% |
| Nov 05, 2024 | C$2.40 | C$2.29 | -4.58% |
| Aug 12, 2024 | C$2.67 | C$2.51 | -5.99% |
| May 07, 2024 | C$3.87 | C$3.86 | -0.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ballard Power Systems (TSE:BLDP) report earnings?
Ballard Power Systems (TSE:BLDP) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Ballard Power Systems (TSE:BLDP) earnings time?
Ballard Power Systems (TSE:BLDP) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BLDP EPS forecast?
TSE:BLDP EPS forecast for the fiscal quarter 2025 (Q1) is -0.14.
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