|Bid||8.90 x 29200|
|Ask||9.05 x 800|
|Day's Range||8.68 - 9.01|
|52 Week Range||5.75 - 19.66|
|Beta (5Y Monthly)||1.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 07, 2022 - Nov 11, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.71|
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Image source: The Motley Fool. Ballard Power Systems (NASDAQ: BLDP)Q2 2022 Earnings CallAug 10, 2022, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorThank you for standing by.
Hydrogen fuel cell stocks Plug Power and Ballard Power Systems spiked Wednesday after both companies missed second quarter earnings predictions, reporting losses greater than expected. This comes after the U.S. Senate approved a sweeping spending bill over the weekend that would direct billions of dollars toward clean energy projects. PLUG increased 16% Wednesday morning while BLDP gained nearly 4%.
Ballard Power Systems Inc (NASDAQ: BLDP) reported second-quarter revenue of $20.9 million, a decrease of 16% year-over-year, missing the consensus of $26.46 million. The company reported a gross loss of $(2.2) million, compared to a profit of $3.8 million a year ago. EPS loss widened to $(0.19) compared to $(0.07) in 2Q21, missing the consensus of $(0.06). Adjusted EBITDA loss expanded to $(35) million, compared to $(19.65) million in 2Q21. Total operating expenses and cash operating costs were