Ballard Power Systems 4Q Loss Narrows, Revenue Rises on Rail

Dow Jones

03/12

By Adriano Marchese

Ballard Power Systems logged a narrowed loss in the fourth quarter as rail performance drove revenue growth.

The fuel-cell technology company on Thursday posted a net loss from continuing operations of $17.5 million, or 6 cents a share, compared with a loss of $46.5 million, or 16 cents a share, in the comparable quarter a year earlier.

Adjusted loss before interest, taxes, depreciation and amortization from continuing operations was $11.6 million, compared with $36 million a year earlier. Analysts on FactSet expected the figure to reflect a loss of $23.4 million.

Total revenue rose 37% to $33.6 million, ahead of the $32.6 million expected by analysts.

Heavy-duty mobility revenue rose 70% in the quarter to $28.6 million, driven primarily by a jump in rail revenue.

Stationary revenue fell by more than half to $3.2 million.

Order backlog at the end of 2025 was $119.3 million.

Looking ahead to 2026, Ballard expects total operating expenses in a range of $65 million to $75 million, and capital expenditures of $5 million to $10 million.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 12, 2026 08:07 ET (12:07 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Analysts on FactSet expected the figure to reflect a loss of $23.4 million. \n</p>\n<p>\n  Total revenue rose 37% to $33.6 million, ahead of the $32.6 million expected by analysts. \n</p>\n<p>\n  Heavy-duty mobility revenue rose 70% in the quarter to $28.6 million, driven primarily by a jump in rail revenue. \n</p>\n<p>\n  Stationary revenue fell by more than half to $3.2 million. \n</p>\n<p>\n  Order backlog at the end of 2025 was $119.3 million. \n</p>\n<p>\n  Looking ahead to 2026, Ballard expects total operating expenses in a range of $65 million to $75 million, and capital expenditures of $5 million to $10 million. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 12, 2026 08:07 ET (12:07 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLDP","symbol_name":"巴拉德動力系統","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2618310191","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618310191","pubTimestamp":1773317220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Ballard Power Systems logged a narrowed loss in the fourth quarter as rail performance drove revenue growth.The fuel-cell technology company on Thursday posted a net loss from continuing operations of $17.5 million, or 6 cents a share, compared with a loss of $46.5 million, or 16 cents a share, in the comparable quarter a year earlier.Adjusted loss before interest, taxes, depreciation and amortization from continuing operations was $11.6 million, compared with $36 million a year earlier. 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Analysts on FactSet expected the figure to reflect a loss of $23.4 million. \n\n\n  Total revenue rose 37% to $33.6 million, ahead of the $32.6 million expected by analysts. \n\n\n  Heavy-duty mobility revenue rose 70% in the quarter to $28.6 million, driven primarily by a jump in rail revenue. \n\n\n  Stationary revenue fell by more than half to $3.2 million. \n\n\n  Order backlog at the end of 2025 was $119.3 million. \n\n\n  Looking ahead to 2026, Ballard expects total operating expenses in a range of $65 million to $75 million, and capital expenditures of $5 million to $10 million. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 12, 2026 08:07 ET (12:07 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}