BLDP Earnings Prediction
The chart below shows how BLDP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BLDP sees a +0.29% change in stock price 10 days leading up to the earnings, and a -3.96% change 10 days following the report. On the earnings day itself, the stock moves by -1.18%. This data can give you a slight idea of what to expect for the next quarter's release.
BLDP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
24.52M
-46.86%
66.17%
Gross Margin
-13.16%
-40.93%
-76.36%
Operating Margin
-142.05%
74.79%
-55.69%
Net Margin
-189.52%
392.90%
-86.33%
EPS
-0.16
-5.88%
-76.47%
No Data Available
BLDP Earnings Analysis
Ballard Power Systems Inc Corporation (BLDP.O) Earnings Conference Call
Positive
Record New Order Intake: Ballard Power Systems achieved record-breaking new order intake of approximately $113 million in 2024, with $75.4 million in Q4 alone, highlighting strong demand for their products.
Record Order Backlog Growth: The company ended the year with a record order backlog of $173.5 million, a 41% increase from Q3, indicating robust future revenue potential.
Fuel Cell Engine Growth: Fuel cell engine shipments grew by approximately 30% in 2024, totaling over 660 engines, marking the fourth consecutive year of growth and demonstrating strong manufacturing capabilities.
PEM Fuel Cell Revenue Dominance: Ballard's PEM fuel cell engines accounted for over 90% of total revenue in 2024, with a total of 56.5 megawatts shipped, reflecting a 10% increase from the previous year.
Safety and Reliability Achieved: The company reported zero safety incidents and maintained a fuel cell engine availability rate of around 99% in 2024, showcasing reliability and operational excellence.
Next-Gen Fuel Cell Engine: Ballard launched its ninth-generation fuel cell engine, FC Move XD, which sets a new industry standard for performance in heavy-duty mobility applications.
Bus Market Revenue Surge: The bus vertical saw significant growth, with Ballard's bus market revenue increasing by 51% to approximately $44 million, representing over 60% of total revenue for 2024.
Fuel Cell Engine Agreement: Ballard secured a landmark long-term supply agreement with CPKC for 98 fuel cell engines for freight locomotives, marking the largest PEM fuel cell engine contract in this sector globally.
Business Divestiture Strategy: The company divested its small backup power business to focus on high-power stationary applications, aligning with its core product strategy and enhancing operational focus.
Financial Stability Achieved: Ballard started 2025 with over $600 million in cash and no bank debt, ensuring financial stability and no near or mid-term financing requirements.
Negative
Hydrogen Industry Challenges: 2024 was a difficult year for the hydrogen fuel cell industry, marked by prolonged policy uncertainty and a multiyear push out in development of hydrogen projects.
Customer Financial Weakness: The financial position of certain customers weakened materially, indicating challenges in the market.
Deteriorating Financing Environment: The financing environment for the hydrogen and fuel cell industry continued to deteriorate, posing significant headwinds to corporate growth plans.
Corporate Restructuring Initiative: A global corporate restructuring was initiated to moderate investment intensity, which included a sizable workforce reduction and consolidation of operations.
Investment Decision Deferral: There is no business case for production capacity expansion investments for the foreseeable future, leading to a deferral of the proposed Gigafactory investment decision to 2026.
Joint Venture Underperformance: The Weichai Ballard joint venture underperformed, prompting a strategic review and a halt on significant investments in China.
Truck Market Challenges: The truck market has disappointed with adoption timelines being pushed out, and several business failures of smaller integrators have caused challenges.
Revenue Decline Analysis: Revenue for Q4 2024 was $24.5 million, a 42% decrease compared to the same period last year, and full-year revenue totaled $69.7 million, representing a 32% decline compared to 2023.
Negative Gross Margin Analysis: The Q4 gross margin was negative 13%, and the full-year gross margin reached negative 32%, reflecting pressure from lower annual revenue and a product mix weighted towards power products.
High Operating Expenses: Total operating expenses for the year were $161.3 million, including a $17 million restructuring provision, indicating high costs amid declining revenues.
BLDP FAQs
How does BLDP typically perform around its earnings report dates?
Is Ballard Power Systems Inc (BLDP) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
BLDP Earning Call Sentiment
Ballard Power Systems Inc. (NASDAQ:BLDP) Q4 2024 Earnings Call Transcript
BLDP.O
1.82%Positive
The earnings report reveals a significant decline in revenue and gross margins, with a 32% decrease in full-year revenue and a negative gross margin. Despite cost reduction efforts, the financial performance is weak, and management's guidance lacks clarity. Although there are some positives, like strong customer relationships and demand growth in specific sectors, the overall sentiment is negative due to financial declines and uncertainties, particularly concerning margins and market rationalization. The Q&A session did not provide sufficient reassurance to offset these concerns.
