Ballard Power Stock Price, News & Analysis

Ballard Power Systems (NASDAQ: BLDP) will host a conference call to review third quarter 2025 operating results on Thursday, November 13, 2025 at 8:00 a.m. PT / 11:00 a.m. ET. The live call is available by phone at +1-833-821-2814 (Canada/US toll free) or via a live webcast accessible from Ballard's homepage. A replay link will be posted in the Investor Hub section of the Ballard website after the call.

Ballard Power Systems (NASDAQ: BLDP) has announced the launch of its next-generation transit fuel cell module, the FCmove®-SC, set to debut at Busworld in Brussels this October. The new module delivers significant improvements including a 30% increase in system power, 25% increase in power density, and a 40% reduction in total part count.

The FCmove®-SC targets a peak power capability of 75 kW and is expected to operate for approximately 25,000 hours under standard transit duty cycles. Key enhancements include integrated DC/DC packaging, improved thermal management with higher maximum radiator outlet temperature (75°C), and enhanced safety features. The product builds on Ballard's experience with over 850 deployed vehicles in Europe and aims to achieve cost parity with diesel systems.

Ballard Power Systems (NASDAQ: BLDP) reported Q2 2025 financial results with revenue of $17.8 million, up 11% year-over-year. The company announced a strategic realignment targeting positive cash flow by year-end 2027, including a 30% reduction in annualized operating costs. Q2 highlights include a gross margin of (8%), a 24-point improvement YoY, and $550 million in cash reserves.

Heavy Duty Mobility revenue increased 22% to $16.1 million, driven by bus and rail deliveries. The company's restructuring plan includes workforce reductions and product portfolio simplification, with full benefits expected in 2026. Order backlog stood at $146.2 million, down 7% from Q1 2025, with a 12-month orderbook of $84.3 million.

Ballard (NASDAQ:BLDP) has announced a comprehensive strategic realignment under new President and CEO Marty Neese. The plan focuses on achieving positive cash flow by year-end 2027 through enhanced cost discipline and market prioritization. Key initiatives include reducing annualized operating costs by 30% in 2026 compared to H1 2025, streamlining operations, and implementing workforce reductions.

The company will prioritize fuel cell products with proven commercial traction while discontinuing non-core programs. With $550 million in cash as of June 30, 2025, Ballard aims to maintain financial strength through disciplined capital management and working capital optimization. The strategy represents a shift from aspirational growth to commercially validated execution, emphasizing Total Cost of Ownership and scalability.

Ballard Power Systems (NASDAQ: BLDP) has secured a significant order to supply 6.4 MW of fuel cell engines to eCap Marine for integration into two Samskip vessels. The order comprises 32 FCwave™-200 kW engines that will power vessels operating between Norway and the Netherlands, marking one of the largest marine fuel cell engine orders in history.

The engines will be delivered in 2025 and 2026, building upon a collaboration that began in 2021. Notably, Ballard's FCwave™ is the first DNV type-approved fuel cell module for marine applications, and the project is supported by ENOVA, Norway's government agency for energy initiatives.

Ballard Power Systems (NASDAQ: BLDP) has scheduled its Q2 2025 earnings conference call for Monday, August 11th, 2025 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time). The company will review its second quarter 2025 operating results during the call.

Investors can access the live call by dialing +1-833-821-2814 (toll-free for Canada/US) or through a webcast available on Ballard's website. The webcast recording will be archived in the 'Earnings, Interviews & Presentations' section of the company's investor relations page.

Verdagy, a green hydrogen electrolysis company, announced a leadership transition as CEO Marty Neese departs to join Ballard Power Systems (NASDAQ: BLDP) as CEO. Rahul Bammi, who has served as Verdagy's President since 2023, will take over as CEO. Bammi brings 25 years of experience in scaling global technology and clean energy businesses, having previously led go-to-market initiatives and capital raising at Verdagy. Under Neese's four-year leadership, Verdagy developed innovative Dynamic Alkaline electrolyzers. The company is backed by notable investors including Khosla Ventures, Temasek, and industry partners such as Shell, TDK Ventures, BHP, and Yara.

Ballard Power Systems (NASDAQ: BLDP) announced that Randy MacEwen will step down as President and CEO after 11 years, with Marty Neese taking over effective July 7, 2025. Neese, who has served on Ballard's Board for 10 years and as CEO of Verdagy, brings extensive experience in operations, product cost reduction, and margin optimization from his previous roles as COO at SunPower and Flex. The transition comes as the fuel cell industry enters a phase of rationalization and competitive realignment. MacEwen will remain as CEO until Neese's start date and continue in an advisory role through September 30, 2025. The company emphasized its strong financial position with no need for near-term or mid-term financing.

Ballard Power Systems (NASDAQ: BLDP) has filed a new final short form base shelf prospectus and corresponding shelf registration statement with regulatory authorities in Canada and the US. The filing allows Ballard to issue various securities including common shares, preferred shares, warrants, debt securities, and units over a 25-month period. This new prospectus replaces their previous one from May 9, 2023, which expired on June 9, 2025. While the company states it has no immediate plans for an offering, this filing maintains their financial flexibility. Any future offerings under this prospectus would require additional documentation detailing specific terms and use of proceeds.