Ballard Power Systems Inc (BLDP)

[Monksdream]

BLDP new 52=week low

[Diogenes of Sinope]

https://ih.advfn.com/stock-market/NASDAQ/ballard-power-systems-BLDP/stock-news/92237485/ballard-announces-orders-for-over-170-hydrogen-fue

[Monksdream]

BLDP new 52 week low

[Monksdream]

BLDP new 52 week low

[harry crumb]

Management needs to fly the coop, embarrassing it is, fire them all

[$5.95akadawson-m]

So is FCEL.

[Monksdream]

BLDP new 52 week low

[harry crumb]

Added here

[BottomBounce]

$BLDP and $GOEV oversold https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172704028

[harry crumb]

Adding here

[nowwhat2]

[KngmAz]

Next stop $10.00 per share. Don't miss out.

[KngmAz]

Wow - UP - UP and AWAY. Just the beginning. $5.00 coming soon and then BOOM!!

[KngmAz]

BLDP is UP In after hours. Just the beginning. $5.00 soon and then BOOM UPWARDS!!

[Diogenes of Sinope]

You’re welcome.

BLDP (with appropriate timing and patience) is and has been a personal favourite for years.

Good luck to us all!

[KngmAz]

I have plenty of patience and I have plenty of faith. Thanks for responding and sharing your thoughts.

[Diogenes of Sinope]

I know no more than anyone else but I believe your entry was a good one and you and all will be rewarded. This one requires patience and faith. There is plenty going on with BLDP around the world.

Us as retail investors have no idea what may truly be taking place behind the curtains.

GLTU/A!

[KngmAz]

INSTANT EQUITY - I love it. $5.00 coming soon - VERY soon.

[KngmAz]

I just became very heavily invested in BLDP and I sure am glad that I am. BLDP is very quickly becoming a huge company with an accompanying huge stock price. Going to be a most fun and very profitable ride upwards. Huge potential for BLDP. Huge .

[Diogenes of Sinope]

Agreed

GL!

[uksausage]

at last the larger orders start to come in
hopefully there is enough demand to scale up and become profitable over the next 2-3 years

[Diogenes of Sinope]

Ballard announces orders from Solaris for nearly 100 hydrogen fuel cell engines to power buses in Europe

https://ih.advfn.com/stock-market/NASDAQ/ballard-power-systems-BLDP/stock-news/91759521/ballard-announces-orders-from-solaris-for-nearly-1

[harry crumb]

This will be 10.00 in due time

[Diogenes of Sinope]

Thanks UK.

Your input is always appreciated.

GL!

[Diogenes of Sinope]

Thanks AJ.

Our patience will be rewarded (again)

BLDP—GLTU/A

[uksausage]

Great to see this news breaking into the truck market and in Europe which is putting the required refueling infrastructure in place.

https://ih.advfn.com/stock-market/NASDAQ/ballard-power-systems-BLDP/stock-news/91726076/ballard-announces-partnership-with-ford-trucks-for

Not sure how big Ford Trucks are but if its the same core technology required as their locomotive and other applications it should help their margins

[AJ Freely]

$BLDP - 👆Up 6% Pre-Market/ Current Price $4.78
Canadian Pacific Kansas City places order for eighteen, 200 kW fuel cell engines are planned for delivery in '23 for expansion of Hydrogen Locomotive Program

[harry crumb]

Same here

[Diogenes of Sinope]

BLDP

Last time I had purchased low $4 it was followed by one of the most rewarding runs of my trading efforts.

DEJA’ VU??

So far—So good

GLTA!

[harry crumb]

10+ coming next. Adding here an holding

[Diogenes of Sinope]

Ballard announces plan to scale production & reduce costs of next generation bipolar plates

https://ih.advfn.com/stock-market/NASDAQ/ballard-power-systems-BLDP/stock-news/91302043/ballard-announces-plan-to-scale-production-reduc

WE TRADE AND ACCUMULATE

BLDP—GLTA!

[BottomBounce]

$BLDP vs idex https://www.prnewswire.com/news-releases/fenton-mobility-products-selects-ideanomics-as-its-partner-to-bring-hydrogen-powered-transit-buses-to-new-york-301772061.html

[Diogenes of Sinope]

Ballard & First Mode sign order for 60 additional hydrogen fuel cell modules for zero-emission mining trucks

https://ih.advfn.com/stock-market/NASDAQ/ballard-power-systems-BLDP/stock-news/91219274/ballard-first-mode-sign-order-for-60-additional

[Jack_Bolander]

Terrible

[abrooklyn]

Ballard Reports Q1 2023 Results

Source: PR Newswire (US)
VANCOUVER, BC, May 10, 2023 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2023. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).

"Our first quarter revenue of $13.3 million and new order intake of $17.6 million are consistent with our full-year 2023 plan," said Randy MacEwen, President and CEO. "With an increasingly positive policy landscape, we see growing customer interest in our core mobility markets of bus, truck, rail, and marine in Europe and North America. We believe our $137.7 million Order Backlog reflects continued customer platform wins, including a record Power Products Order Backlog that has doubled from one year ago and now exceeds $100 million. This positions us for a busy second half of 2023, where we expect second half revenue to be approximately 70% of our annual total, and an exciting set-up for 2024."

"With our Q1 expenses also on plan, we are tracking to our full-year guidance ranges for operating and capital expenses. We continue to prioritize investments in our technology and product development programs, product cost reduction initiatives, customer platform wins, customer experience, and advanced manufacturing," Mr. MacEwen added.

Mr. MacEwen continued, "As previously communicated, we continue to see gross margin pressures into 2024 given our revenue mix, pricing strategy, investments in production capacity, and timing lag before our production volumes ramp and our product cost reduction initiatives move into production. We ended the quarter with $863.8 million in cash reserves."

"We are looking forward to our upcoming Capital Markets Day on June 13th, where we will provide key updates on long-term business plan, including sales growth in our verticals, gross margin progression, our technology and product roadmap, product cost reduction, capital expenditures, and ESG initiatives. We will also unveil our TCO-driven comparative value proposition model for fuel cell trucks," Mr. MacEwen concluded.

Q1 2023 Financial Highlights
(all comparisons are to Q1 2022 unless otherwise noted)

Total revenue was $13.3 million in the quarter, down 37% year-over-year.
Heavy Duty Mobility revenue of $8.7 million decreased 11%, driven primarily by lower revenues from Technology Services contracts in China relating to our truck vertical, partially offset by higher rail and marine revenue.
Stationary revenue of $2.5 million decreased 58% due primarily to a decrease in sales of stationary power generation fuel cell modules, stacks, products, and services in Australia.
Emerging and Other Markets revenue of $2.1 million decreased 61% due primarily to the completion of the Audi Technology Services program and lower shipments in our Materials Handling segment.
Power products revenue represented more than 70% of our total revenue in the quarter.
Gross margin was (42)% in the quarter, a decrease of 41-points, driven by a combination of a greater weight of power products in the revenue mix, pricing strategy, increased investment in manufacturing capacity, increases in supply and labor costs, and inventory adjustments.
Total Operating Expenses and Cash Operating Costs3 were $37.5 million and $32.0 million, respectively, an increase of 24% and 23%, respectively, from Q1 2022. Increases were driven primarily by higher expenditures on research, technology and product development activities, and sales and marketing activities.
Adjusted EBITDA3 was ($38.3) million, compared to ($27.5) million in Q1 2022, primarily as a result of the decrease in gross margin and increase in Cash Operating Costs.
Ballard received approximately $17.6 million of new orders in Q1, and delivered orders valued at $13.3 million, resulting in an Order Backlog of approximately $137.7 million at end-Q1. Order Backlog growth was driven predominantly by increased orders from Europe and North America in the bus and stationary power markets. These regions combined represent approximately 76% of the total Order Backlog, compared to approximately 39% at end-Q1 2022. Specifically, the Power Products Order Backlog accounts for nearly 75% of our total Order Backlog, an increase of 100% since Q1 2022, and is at the highest level in Ballard's history.
The 12-month Order Book was $73.9 million at end-Q1, an increase of $16.6 million from the end of Q4 2022, an approximately 29% quarter over quarter increase

[Diogenes of Sinope]

https://ih.advfn.com/stock-market/NASDAQ/ballard-power-systems-BLDP/stock-news/91016109/ballard-reports-q1-2023-results

[harry crumb]

This is going to go up

[uksausage]

good to see their stationary solution getting orders. Shame they cant name the European customer, anyone know?

I was surprised we haven't seen any PRs about the Bus solution - I have seen end users ordering in Europe and Assume Ballard is still included ...
all will be revealed in he quarterly report I hope

[Diogenes of Sinope]

https://ih.advfn.com/stock-market/NASDAQ/ballard-power-systems-BLDP/stock-news/90943680/ballard-power-systems-announces-order-for-3-6-mw-o

[harry crumb]

New 52 week low, wow. Loaded here

[BottomBounce]

Hydrogen Energy $BLDP and $IDEX oversold

[jammy32]

The hydrogen revolution accelerates
17 MAR 2023


Hydrogen has both flexibility and a high specific energy per unit mass – two attributes that make it uniquely capable at removing emissions from the harder-to-decarbonize parts of the global economy.

According to Goldman Sachs Research:

Hydrogen can be used as an energy fuel, energy vector and feedstock.
Hydrogen can be used to store energy over the long term, propel heavy vehicles, and heat furnaces for the manufacture of steel among other heavy industrial uses.
Hydrogen can get us closer to net zero.

“Green” hydrogen, which is produced by using renewable energy sources to electrolyze water and split it into hydrogen and oxygen, is one of the most promising alternatives to “gray” hydrogen, which relies on natural gas supplies – and produces carbon dioxide that then needs to be released or stored. According to a new report from Goldman Sachs Research, government incentives are powering major strides in green hydrogen investments, particularly in the United States.

The size of clean hydrogen projects is measured by the gigawatts (GW) used to power the electrolysis used in production. By this measure, the market is still in its infancy: At the end of 2020, only about 0.3 GW of capacity was installed.

However, based on projects that have been announced, GS Research estimates as much as 137 GW will be installed by the end of 2030, about 1.7 times more than last year’s estimate of 80 GW. Given the long lead times in creating clean hydrogen production facilities, GS expects even more projects will be announced in the next few years. “Many of the projects for the second half of this decade still have not yet been announced, and are therefore not captured here, implying further upside,” writes Goldman Sachs equity research analyst Michele Della Vigna.

The clean hydrogen industry is scaling up not just in the number of projects planned, but also in the average size of them. The research team estimates that the average project will increase more than 600 times from the current dimensions.

The effects of U.S. policy changes

The U.S. has historically lagged the rest of the world in clean hydrogen development, but the incentives in the Inflation Reduction Act have spurred a development boom in the U.S., with planned installed capacity jumping to 12 GW from 2 GW by 2030. The increase will help the U.S. narrow the gap with the rest of the world, but likely not close it since projects in Europe, Australia and other parts of Asia are also accelerating. The report estimates that Europe will drive the growth of installed capacity, adding 50 GW of cumulative capacity by 2030, followed by Australia with 34 GW, Africa with 25 GW, and Latin America with 17 GW.

“We expect this [U.S. growth] trend to continue further with the introduction of IRA being a game-changer for the production of hydrogen and bringing significant benefits for companies with current or planned hydrogen projects in the U.S.,” Della Vigna writes. According to the report, the law offers several key incentives:

Production tax credits. These 10-year credits apply to developers who produce clean hydrogen beginning this year or begin construction of new facilities before January 1, 2033.
Investment tax credits for energy storage. The IRA expands the scope of existing credits for energy storage to include hydrogen.
Clean vehicle credits. The credits extend to vehicles that use hydrogen fuel cells as well as electric batteries, and offer significant credits for commercial vehicles, for which hydrogen is particularly well suited.
Alternative fuel credits. The IRA provides property tax credits for expanding alternative fueling stations, which will encourage more hydrogen transportation infrastructure.
By the team’s estimation, a $3 tax credit for every two kilograms of hydrogen produced would lower the cost of clean hydrogen to that of hydrogen currently produced with fossil fuels. “This effectively fully bridges the cost gap between grey hydrogen and green hydrogen from renewable power,” according to the report.

[Jack_Bolander]

LOL ... I see that Ballard is under $5.00. Someone might not be happy with this development.

Don''t blame me ... Blame management.

[Jack_Bolander]

jammy - Thank you for your contribution to this board.

[jammy32]

So do you think Ballard and PLUG are all going bankrupt. Is that the end game that you predict? Thanks

[jammy32]

Good call

[uksausage]

even more interesting is that the only segment of Ballards business that was up was their small amount they still sell to PLUG (replacing aging units in Walmart I believe). Wonder when that will terminate.

[jammy32]

I think the srock is down because the entire market is down. Read the comments. Very positive

[jammy32]

Thanks I view as positive. Thanks again

[Jack_Bolander]

jammy - Interesting. But BALLARD is DOWN 6+%. PLUG is DOWN 3+%.

I think some investors see Ballard's comment and earnings as a positive.