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Last C$2.56 CAD
Change Today +0.01 / 0.39%
Volume 139.6K
BLD On Other Exchanges
Symbol
Exchange
Toronto
NASDAQ GM
Frankfurt
As of 4:00 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

ballard power systems inc (BLD) Snapshot

Open
C$2.60
Previous Close
C$2.55
Day High
C$2.60
Day Low
C$2.52
52 Week High
04/2/14 - C$5.71
52 Week Low
01/21/15 - C$1.72
Market Cap
338.2M
Average Volume 10 Days
198.2K
EPS TTM
C$-0.22
Shares Outstanding
132.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BALLARD POWER SYSTEMS INC (BLD)

ballard power systems inc (BLD) Related Businessweek News

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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 Financial Officer and Vice President
Total Annual Compensation: C$467.6K
Chief Operations Officer and Vice President
Total Annual Compensation: C$354.8K
Chief Technology Officer and Vice President
Total Annual Compensation: C$446.6K
Vice President of Business & Corporate Develo...
Total Annual Compensation: C$264.8K
Compensation as of Fiscal Year 2013.

ballard power systems inc (BLD) Key Developments

Ballard Power Systems Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Ballard Power Systems Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total fuel cell product and service revenue of USD 15.6 million compared to USD 17.3 million for the same period a year ago. Adjusted LBITDA was USD 16.1 million compared to adjusted EBITDA of USD 0.2 million last year. Net loss was USD 17.5 million or USD 0.13 per share compared to USD 2.3 million or USD 0.02 per share last year. Normalized net loss was USD 11.3 million or USD 0.09 per share compared to USD 1.9 million or USD 0.02 per share last year. Cash operating loss was USD 10.8 million compared to USD 0.1 million last year. Cash used by operating activities was USD 8.2 million compared to USD 0.9 million last year. Fourth quarter results were adversely impacted as a result of the termination of licensing contracts in China and product warranty provisions. Adjusted EBITDA was declined due to lower gross margin as well as impairment losses on trade receivables. For the year, the company reported total fuel cell product and service revenue of USD 68.7 million compared to USD 61.3 million for the same period a year ago. Adjusted LBITDA was USD 18.6 million compared to adjusted LBITDA of USD 8.2 million last year. Net loss was USD 28.2 million or USD 0.22 per share compared to USD 20.0 million or USD 0.20 per share last year. Normalized net loss was USD 21.9 million or USD 0.17 per share compared to USD 18.1 million or USD 0.18 per share last year. Cash operating loss was USD 15.7 million compared to USD 11.8 million last year. Cash used by operating activities was USD 20.7 million compared to USD 17.4 million last year, an increase of 19%, due to an increase in cash operating losses year-over-year. The company's 2014 financial performance was impacted by lower-than-expected sales in the Telecom Backup Power market. In terms of gross margin and adjusted EBITDA, Fourth Quarter and full year results were impacted by 2 key items, warranty claims, principally related to ElectraGen methanol systems in a specific Asian deployment; and impairment related to accounts receivable, principally associated with the licensing contracts that they terminated in China.

Ballard Power Systems Inc. Closes Technology Solutions Transaction with Volkswagen Group

Ballard Power Systems announced that the company has successfully closed the Technology Solutions transaction previously announced on February 11th with Volkswagen Group for an aggregate amount of approximately USD 80 million for the transfer of certain automotive-related fuel cell intellectual property (IP) and two-year extension of an engineering services contract through March 2019. At closing Ballard received an initial payment of USD 40 million, of which 25% will be paid to United Technologies Corporation (UTC) as a royalty payment pursuant to the agreement with UTC announced on April 24, 2014. The company expects to receive the remaining USD 10 million, which will be subject to a 9% payment to UTC, no later than first quarter 2016.

Ballard Power Systems Signs Two New Fuel-Cell Technology Contracts

Ballard Power Systems said it has signed two new fuel-cell technology contracts, one with Ardica Technologies and one with an unnamed global automotive original equipment manufacturer. Under each contract, Ballard will provide expertise in proton exchange membrane fuel-cell technology to advance customer programs through development stages. The contract with Ardica encompasses a next phase of work in the continuing development program for a wearable fuel-cell power system to be used by soldiers. This next work phase will focus on cost reduction along with development of additional manufacturing capabilities.

 

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BLD Competitors

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Company Last Change
Enova Systems Inc $0.0063 USD 0.00
FuelCell Energy Inc $1.24 USD 0.00
Plug Power Inc $2.64 USD +0.02
Quantum Fuel Systems Technologies Worldwide Inc $2.80 USD +0.23
Ricardo PLC 798.00 GBp +36.50
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Industry Analysis

BLD

Industry Average

Valuation BLD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.9x
Price/Book 3.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.5x
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