Expansion And GrowthBallard Power Systems is experiencing growth with a notable expansion in their backlog and a significant increase in their 12-month order book, particularly with wins in the Bus segment.
Financial PerformanceBallard Power Systems reported stronger financial results with higher revenue and gross margins that were better than expected, and a smaller than forecasted EBITDA loss.
Strategic DevelopmentsBallard Power Systems is poised for further expansion, with plans to build a new manufacturing facility in the U.S., signaling potential for increased domestic growth and market presence.