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Last C$2.57 CAD
Change Today -0.02 / -0.77%
Volume 154.3K
BLD On Other Exchanges
As of 3:59 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

ballard power systems inc (BLD) Snapshot

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06/19/14 - C$4.96
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ballard power systems inc (BLD) Details

Ballard Power Systems Inc. engages in the development and commercialization of proton exchange membrane fuel cells worldwide. The company is primarily involved in the design, development, manufacture, sale, and service of fuel cell stacks, modules, and systems for various applications. It also develops methanol and hydrogen fueled clean energy backup power systems, as well as provides engineering services for various fuel cell applications. The company offers its products and services for telecom backup power and material handling, as well as bus and distributed generation markets. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.

Founded in 1979

ballard power systems inc (BLD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$117.8K
Chief Financial Officer and Vice President
Total Annual Compensation: C$360.6K
Chief Operations Officer and Vice President
Total Annual Compensation: C$313.0K
Chief Technology Officer and Vice President
Total Annual Compensation: C$351.8K
Chief Commercial Officer and Vice President
Total Annual Compensation: C$315.2K
Compensation as of Fiscal Year 2014.

ballard power systems inc (BLD) Key Developments

Ballard Receives Order for Additional Next Gen Fuel Cell Bus Module from Solaris

Ballard has received a follow-on order from Solaris Bus &Coach (Solaris) for a fuel cell power module to be used in a zero-emission bus planned for deployment in Europe. The next-generation FCvelocity-HD7 power module will be incorporated into a new 24 meter (80 foot) fuel cell bus design. Delivery of the power module to Solaris is planned for later this year. The first two Solaris buses powered by Ballard's FCvelocity-HD7 fuel cell power module were presented to Hamburger Hochbahn AG transit operator for the City of Hamburg, Germany as part of an operations trial in December 2014.

Ballard Power Systems Receives Initial 100 Unit Order from Reliance Jio Infocomm Limited for Backup Power Systems in India

Ballard Power Systems announced that it has received a purchase order from Reliance Jio Infocomm Limited (RJIL) for 100 ElectraGen(TM)-ME fuel cell backup power systems to be deployed in its wireless telecom network in India. Shipment of these initial 100 systems is expected to be completed in 2015. The purchase order follows successful completion of an extensive 12-month trial by RJIL of fuel cell systems from various vendors, with Ballard's ElectraGen(TM)-ME methanol-fueled system ultimately having been selected for use in backup power applications. This purchase order is the first of a series of planned deployments in RJIL's India network.

Ballard Power Systems Announces Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Revenue Guidance for the Second Half of 2015

Ballard Power Systems announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported total fuel cell products & services revenue of $9.3 million against $14.0 million a year ago. Adjusted LBITDA was $5.1 million against $1.8 million a year ago. Net income was $7.0 million or $0.05 per share against net loss of 3.8 million or $0.03 per share a year ago. Normalized net loss was $8.2 million or $0.06 per share against $3.7 million or $0.03 per share a year ago. Cash used by operating activities was $5.4 million against $6.6 million a year ago. Results from operating activities were negative $7,219,000 against $4,125,000 a year ago. Profit before income taxes was $6,693,000 against loss before income taxes of $4,112,000 a year ago. Net profit from continuing operations for period was $6,690,000 against net loss from continuing operations for period of $4,189,000 a year ago. Additions to property, plant and equipment was $340,000 against $109,000 a year ago. Additions to intangible assets were $87,000 a year ago. EBITDA attributable to the company was $8,278,000 against LBITDA attributable to the company of $2,302,000 a year ago. The company continues to expect 2015 revenue to be heavily weighted in the second half of the year.


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