Ballard Power Systems reports Q2 GAAP EPS of -$0.07 and $21M revenue, both below analyst expectations.
Ballard Power Systems reported a Q2 GAAP loss per share of $0.07, missing estimates by $0.03. Revenue reached $21M, up 18% year-over-year but $4.61M short of forecasts.
The company achieved a 20% gross margin, a 28-point improvement from the prior year. Analysts had anticipated stronger top-line performance amid ongoing demand for clean energy solutions.
Ballard also announced a definitive agreement to acquire GeoPura Limited, signaling expansion in hydrogen infrastructure.