Ballard Power Systems rises as Q4 core loss narrows

Ballard Power Systems

13/03/2025 15:38

** Shares of fuel cell maker Ballard Power Systems BLDP.TO rise 2.8% to C$1.81

** Company posts Q4 adjusted core loss of $36 million vs $44.1 million a year ago

** BLDP reports Q4 net loss from continuing operations of $46.5 million vs $48.9 million a year earlier

** Company expects 2025 revenue to be back-half weighted

** "2024 was a tough year for the hydrogen and fuel cell industry...amidst prolonged policy uncertainty, there was a multi-year push-out in the development of hydrogen projects and the deployment of fuel cell applications," CEO Randy MacEwen says

** Company forecasts 2025 total operating expense to be $100 million to $120 million vs estimates of $106.45 million - data compiled by LSEG

** BLDP forecast 2025 capital expenditure to be $15 million to $25 million

** Including session's moves, stock down 24.3% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))