Ballard Power Systems, Inc. - Common Shares (BLDP)

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Ballard Power Systems, under new CEO Marty Neese, launched a restructuring plan aimed at achieving positive cash flow by late 2027.

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After the closing bell on Wednesday, let's take a glimpse of the US markets and explore the top gainers and losers in today's after-hours session.

Ballard Power Systems reported Q4 results with revenue down 48%, operating expenses down 5%.

BLDP declined as Q3 results miss estimates, revenue fell 45% Y/Y due to weak demand for hydrogen and PEM fuel cells. Total expenses up 58%.

Wall Street turns negative due to geopolitical risks. Gold rises 1.5% and stocks edge higher. Scotiabank acquires minority stake in KeyCorp.

BLDP stock results show that Ballard Power Systems beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.