Ballard Power slides after posting wider Q4 loss, reduced order backlog [Seeking Alpha]
Ballard Power Systems, Inc. - Common Shares (BLDP)
Last ballard power systems, inc. - common shares earnings: 3/4 08:30 pm
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Source: Seeking Alpha
below $0.13/share analyst consensus estimate, while its order backlog fell by 3% Q/Q to $130.5M. Q4 adjusted EBITDA loss widened to $44.1M from a $40.1M loss in the year-earlier quarter, while gross margin loss improved slightly to negative 22% from negative 30% a year ago, but Q4 revenues more than doubled to $46.8M, beating the $26.3M consensus estimate. Ballard Power ( BLDP ) said it shipped a record number of fuel cell engines in Q4, and booked $64.7M of new orders in Q4, resulting in a product-based order backlog now 15% higher than the same period last year. But Q4 new order intake was reduced by $47.1M due to record engine shipments and the removal of $21.7M from the order backlog of previously booked orders from a specific customer experiencing financing and program delays. For FY 2024, the company expects revenue will be back-half weighted, with ~30% in H1 and 70% in H2, similar to 2023. Recommended For You Recommended For You Related Stocks Trending Analysis
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BLDP
News
- Ballard Power Systems Inc. (NASDAQ: BLDP) had its price target lowered by analysts at TD Securities from $3.00 to $2.50.MarketBeat
- Thursday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Ballard announces orders for 70 hydrogen fuel cell engines for delivery to Wrightbus in 2024 [Yahoo! Finance]Yahoo! Finance
- Ballard Power wins orders for 70 hydrogen fuel cell engines from U.K. bus maker [Seeking Alpha]Seeking Alpha
- Ballard announces orders for 70 hydrogen fuel cell engines for delivery to Wrightbus in 2024PR Newswire
BLDP
Earnings
- 3/11/24 - Miss
BLDP
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form 6-K
- 4/16/24 - Form 6-K
- BLDP's page on the SEC website