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$BLDP

5 stories mentioning BLDPUpdated 40d ago

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Research

Research Alert: CFRA Maintains Hold Rating On Shares Of Ballard Power System Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price from CAD4.20 to CAD6.40, applying a price-to-sales multiple of 13x our 2026 sales-per-share view (CAD0.49 using a USD/CAD exchange rate of 0.73x). We adjust our 2026 loss per share (LPS) estimate to -USD0.19 from -USD0.23 and our 2027 LPS view to -USD0.11 from -USD0.15. BLDP reported Q1 2026 revenue of USD19.4M, up 26% Y/Y, driven by strong growth in rail (up 4,472% to USD5.1M) and stationary power (up 775% to USD5.2M), though Bus revenue declined 46% to USD6.8M due to delivery timing and EU funding delays. Q1 results showed encouraging metrics, and we see potential upside from major design wins with Wrightbus and Solaris for next-generation hydrogen bus platforms and a multiyear 50 MW agreement with New Flyer. However, its declining backlog remains a concern. The 12-month order book declined 2% to USD52.8M, while the total backlog fell 5% to USD112.9M. We applaud improving gross margin trends, reflecting successful execution of its cost reduction initiatives.

$BLDP
Research

Research Alert: CFRA Maintains Hold Rating On Shares Of Ballard Power System Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price from $3.00 to $4.70, applying a price-to-sales multiple of 13x our 2026 sales-per-share view of $0.36. We adjust our 2026 loss per share (LPS) estimate to -$0.19 from -$0.23 and our 2027 LPS view to -$0.11 from -$0.15. BLDP reported Q1 2026 revenue of $19.4M, up 26% Y/Y, driven by strong growth in rail (up 4,472% to $5.1M) and stationary power (up 775% to $5.2M), though Bus revenue declined 46% to $6.8M due to delivery timing and EU funding delays. Q1 results showed encouraging metrics, and we see potential upside from major design wins with Wrightbus and Solaris for next-generation hydrogen bus platforms and a multiyear 50 MW agreement with New Flyer. However, its declining backlog remains a concern. The 12-month order book declined 2% to $52.8M, while the total backlog fell 5% to $112.9M. We applaud improving gross margin trends, reflecting successful execution of its cost reduction initiatives.

$BLDP
Research

Research Alert: Bldp Posts Mixed Q1 Performance, Though Margins Improved

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BLDP delivered mixed Q1 2026 results with revenue up 26% Y/Y to $19.4M, missing consensus by $0.83M, while GAAP EPS of -$0.04 beat estimates by $0.02. Growth was led by rail revenue surging to $5.1M from $0.1M and stationary power rising to $5.2M from $0.6M, though bus revenue declined 46% to $6.8M, reflecting ongoing market challenges. The most notable improvement was gross margins turning positive at 14% vs. -23% in Q1 2025, reflecting $6.4M improvement from cost reduction initiatives and global restructuring programs initiated in 2024-2025. Management provided 2026 guidance of $65M-$75M in operating expenses and $5M-$10M in capital expenditures, demonstrating continued cost discipline. We view the operational improvements positively, with operating cash usage improving significantly to $7.8M from $24.4M and operating expenses declining 37% Y/Y. The company maintains strong liquidity at $516.8M in cash, while backlog of $112.9M with 12-month book of $52.8M provides revenue visibility.

$BLDP
Research

Research Alert: Bldp Posts Mixed Q1 Performance, Though Margins Improved

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BLDP delivered mixed Q1 2026 results with revenue up 26% Y/Y to $19.4M, missing consensus by $0.83M, while GAAP EPS of -$0.04 beat estimates by $0.02. Growth was supported by rail revenue surging to $5.1M from $0.1M and stationary power rising to $5.2M from $0.6M, though bus revenue declined 46% to $6.8M, reflecting ongoing market challenges. The most notable improvement was gross margins turning positive at 14% vs. -23% in Q1 2025, reflecting $6.4M improvement from cost reduction initiatives and global restructuring programs initiated in 2024-2025. Management provided 2026 guidance of $65M-$75M in operating expenses and $5M-$10M in capital expenditures, demonstrating continued cost discipline. We view the operational improvements positively, with operating cash usage improving significantly to $7.8M from $24.4M and operating expenses declining 37% Y/Y. The company maintains strong liquidity at $516.8M in cash, while backlog of $112.9M with 12-month book of $52.8M provides revenue visibility.

$BLDP
Wire

Ballard Power Systems Shares Rise After Narrower Net Loss, Higher Revenue Posted for Q1

Ballard Power Systems (BLDP) shares rose more than 8% in early trading on Tuesday after the company posted a narrower net loss and higher revenue for Q1.The company reported a Q1 net loss Tuesday of $0.04 per share, narrower than loss of $0.07 a year earlier.Analysts polled by FactSet expected loss of $0.06.Revenue for the quarter ended March 31 was $19.4 million, up from $15.4 million a year earlier.Analysts expected revenue of $20.2 million.The company said it is not providing full-year 2026 guidance, consistent with its past practice, but added that it expects revenue for the year to be "back-half weighted."Price: $3.60, Change: $+0.31, Percent Change: +9.27%

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