Ballard Power Systems Enters Revenue Ramp-Up Phase

Friday, Mar 13, 2026 9:45 am ET1min read
BLDP--

Ballard Power Systems has completed its structural reset and is now entering a revenue ramp-up phase. The company's 4Q gross margin has turned positive, and cash operating expenses have decreased by 41% YoY. Jefferies analyst Dushyant Ailani notes that the cost base is largely right-sized, making 2026 a "runway for growth."

Ballard Power Systems Enters Revenue Ramp-Up Phase

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