OverviewSuggest Edit

Ballard Power Systems is a provider of hydrogen fuel cell products and services. The company engages in the design, development, manufacture, sale, and service of fuel cell products in a variety of markets, such as heavy-duty motive consisting of bus, truck, rail, and marine applications, as well as portable power / UAV, material handling, and backup power. It also delivers technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for fuel cell applications.

TypePublic
Founded1979
HQBurnaby, CA
Websiteballard.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Dec 2019)703(+37%)
Job Openings12
Revenue (FY, 2019)$106.3 M(+11%)
Share Price (Oct 2020)C$22.8 (-3%)
Cybersecurity ratingDMore

Key People/Management at Ballard Power Systems

Randall MacEwen

Randall MacEwen

President & Chief Executive Officer and Director
Rob Campbell

Rob Campbell

Vice President and Chief Commercial Officer
Kevin Colbow

Kevin Colbow

Vice President and Chief Technology Officer
Tony Guglielmin

Tony Guglielmin

Vice President, Chief Financial Officer
Jan Laishley

Jan Laishley

Vice President, Human Resources
Ian Sutcliffe

Ian Sutcliffe

Corporate Director
Show more

Ballard Power Systems Office Locations

Ballard Power Systems has offices in Burnaby, Bend, Southborough, Guangzhou and in 2 other locations
Burnaby, CA (HQ)
9000 Glenlyon Pkwy
Burnaby, CA
4343 N Fraser Way
Guangzhou, CN
Unit 73, 38 Floor, Chow Tai Fook Finance Centre, 6 Zhujiang Dong Road, Tianhe District
Yunfu, CN
No.10 South Foshan (Yunfu) Industrial Transfer Park, Silao Town, Yuncheng District
Hobro, DK
Majsmarken 1
Bend, US
20756 High Desert Ct #6
Show all (7)

Ballard Power Systems Financials and Metrics

Ballard Power Systems Revenue

Embed Graph
View revenue for all periods
Ballard Power Systems's revenue was reported to be $106.33 m in FY, 2019 which is a 10.1% increase from the previous period.
USD

Revenue (Q2, 2020)

25.8m

Gross profit (Q2, 2020)

5.4m

Gross profit margin (Q2, 2020), %

20.7%

Net income (Q2, 2020)

(11.4m)

EBIT (Q2, 2020)

(8.7m)

Market capitalization (19-Oct-2020)

5.9b

Closing stock price (19-Oct-2020)

22.8

Cash (30-Jun-2020)

170.3m

EV

5.8b
Ballard Power Systems's current market capitalization is C$5.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

121.3m96.6m106.3m

Revenue growth, %

42%(20%)10%

Cost of goods sold

79.7m66.9m83.7m

Gross profit

41.6m29.7m22.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

20.1m26.4m21.6m16.0m23.7m24.8m24.0m25.8m

Cost of goods sold

13.5m17.0m15.1m13.8m18.1m1.9m18.9m20.5m

Gross profit

6.6m9.4m6.4m2.2m5.6m6.2m5.2m5.4m

Gross profit Margin, %

33%36%30%14%23%25%22%21%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

60.3m192.2m147.8m

Accounts Receivable

21.4m21.7m27.0m

Prepaid Expenses

2.2m1.5m2.3m

Inventories

17.3m29.3m30.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

52.5m35.2m23.2m165.0m163.7m153.4m181.6m170.3m

Accounts Receivable

11.8m23.9m18.4m16.9m17.9m18.0m18.0m21.8m

Prepaid Expenses

1.9m2.3m1.8m1.8m3.7m3.9m3.2m3.4m

Inventories

24.1m28.2m33.0m29.4m29.9m36.0m31.7m35.2m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(8.0m)(27.3m)(39.0m)

Depreciation and Amortization

5.1m5.0m7.5m

Inventories

(572.0k)(12.9m)(787.0k)

Accounts Payable

6.9m(5.6m)11.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(5.5m)(9.8m)(15.8m)(12.0m)(19.0m)(28.8m)(13.5m)(24.9m)

Depreciation and Amortization

1.3m2.6m3.8m1.6m3.5m5.2m1.6m3.2m

Inventories

(6.8m)(10.9m)(16.7m)(87.0k)(602.0k)(6.7m)(1.6m)(5.1m)

Accounts Payable

(7.7m)(7.6m)(6.1m)(6.1m)(392.0k)2.7m(9.3m)(9.0m)
USDFY, 2017

Revenue/Employee

233.7k

Financial Leverage

1.5 x
Show all financial metrics

Ballard Power Systems Operating Metrics

Mar, 2017FY, 2017FY, 2018Mar, 2019FY, 2019Mar, 2020

Products and Services

4 4 4

Patents (US)

84 59 43

Patents (Foreign)

102 102 100

Patent Applications (US)

9 6 10
Show all operating metrics

Ballard Power Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
Ballard Power Systems Europe A/SJanuary 10, 2017
Protonex Technology CorporationJune 29, 2015$30 m
Ballard Fuel Cell Systems Inc
Ballard Services Inc.
Ballard Unmanned Systems Inc.
BDF IP Holdings Ltd.
Guangzhou Ballard Power

Ballard Power Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

Ballard Power Systems Revenue Breakdown

Embed Graph

Ballard Power Systems revenue breakdown by business segment: 53.3% from Technology Solutions, 10.1% from Material Handling, 33.3% from Heavy Duty Motive and 3.4% from Other

Ballard Power Systems revenue breakdown by geographic segment: 5.1% from Belgium, 12.7% from U.S., 28.8% from Germany, 44.3% from China and 9.1% from Other

Ballard Power Systems Online and Social Media Presence

Embed Graph

Ballard Power Systems News and Updates

Ballard Reports Q2 2020 Results

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced consolidated financial results for the second quarter ended June 30, 2020

Fuel Cell Electric Vehicles Powered by Ballard Have Now Driven Over 50 Million Kilometers – Enough to Circle the Globe 1,250 Times

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced that the Company’s proton exchange membrane (PEM) fuel cell technology and products have now powered Fuel Cell Electric Vehicles – or FCEVs – in commercial Heavy- and Medium-Duty Motive applications for an industry-leading cumulative total o…

Ballard Announces Q2 2020 Results Conference Call

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) will hold a conference call on Thursday, August 6, 2020 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review second quarter 2020 operating results

Ballard Files Final Shelf Prospectus

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) (Ballard or the Company) has announced the filing of a final short form base shelf prospectus (Prospectus), which provides the flexibility to make offerings of securities during the effective period of the Prospectus, until July 2022

Ballard Announces $7.7M MEA Order From Synergy Joint Venture in China

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced that it has received a purchase order for $7.7 million of membrane electrode assemblies (MEAs) for use in manufacturing FCvelocity®-9SSL fuel cell stacks from Guangdong Synergy Ballard Hydrogen Power Co., Ltd. (Synergy-Ballard JVCo), a joint …

Ballard Receives Follow-on Orders for 15 Fuel Cell Modules from Wrightbus to Power U.K. Buses

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced that it has received follow-on purchase orders for 15 of its 85-kilowatt heavy-duty FCveloCity®-HD fuel cell modules from Wrightbus (www.wrightsgroup.com), a leading bus OEM and Ballard partner headquartered in Northern Ireland, to power Fuel…
Show more

Ballard Power Systems Blogs

Exploring Hydrogen Fuel Cells for Freight Transport [Interview]

Today, we have the privilege of speaking with freight industry leader, Rick Mihelic. Rick is the Director of Future Technology Studies at the North American Council for Freight Efficiency (NACFE).  In this conversation, Rick shares: How both battery and fuel cell technologies are su…

Fuel-Cell Electric Buses: The Proven Solution for Canada’s Climate and Economy

The COVID-19 pandemic has affected nearly all aspects of our day-to-day lives, and many industries are struggling to stay afloat amidst the economic crisis.  Public transit is an area that now needs urgent support from federal and provincial governments in order to sustain operations in…

8 Predictions for the Post-COVID-19 Fuel Cell Industry

To say that society has been profoundly impacted by the COVID-19 global pandemic doesn’t begin to fully capture the scope, scale and gravity of the situation. The world has been changed forever.

Company Update: Ballard Europe is Growing

Europe is a strategic market for Ballard with strong drivers to support the deployment of fuel cell technology. Europe is shifting away from fossil fuel-powered vehicles, and toward zero-emission transportation. Increased incentives and government funding are also supporting the transiti…

Renewable Hydrogen: The Answer for Complete Decarbonization [Interview]

Today, we’re interviewing Jack Brouwer, a professor of mechanical and aerospace engineering, civil and environmental engineering, and director of the National Fuel Cell Research Center at UC Irvine.  In this interview, we discuss: Jack’s view on how batteries and fuel cells each hav…

How French Cities Can Evaluate Zero-Emission Bus Options

For those in charge of transit bus fleets, the pressure to adopt a zero-emission (not merely low-emission) technology is intense.  Governments are setting zero-emission mandates and offering support for the transition. But transit authorities know the decisions they make now will be the…
Show more

Ballard Power Systems Frequently Asked Questions

  • When was Ballard Power Systems founded?

    Ballard Power Systems was founded in 1979.

  • Who are Ballard Power Systems key executives?

    Ballard Power Systems's key executives are Randall MacEwen, Rob Campbell and Kevin Colbow.

  • How many employees does Ballard Power Systems have?

    Ballard Power Systems has 703 employees.

  • What is Ballard Power Systems revenue?

    Latest Ballard Power Systems annual revenue is $106.3 m.

  • What is Ballard Power Systems revenue per employee?

    Latest Ballard Power Systems revenue per employee is $151.2 k.

  • Who are Ballard Power Systems competitors?

    Competitors of Ballard Power Systems include EnergyOr, Nel Hydrogen and Hydrogenics.

  • Where is Ballard Power Systems headquarters?

    Ballard Power Systems headquarters is located at 9000 Glenlyon Pkwy, Burnaby.

  • Where are Ballard Power Systems offices?

    Ballard Power Systems has offices in Burnaby, Bend, Southborough, Guangzhou and in 2 other locations.

  • How many offices does Ballard Power Systems have?

    Ballard Power Systems has 7 offices.