Ballard Reports First Quarter 2015 Results
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April 29, 2015 11:15 AM EDT
Ballard Power (Nasdaq: BLDP) announced that it has received a purchase order from Reliance Jio Infocomm Limited (RJIL) for 100 ElectraGen-ME fuel cell backup power systems to be deployed in its wireless telecom network in India. Shipment of these initial 100 systems is expected to be completed in 2015.
The purchase order follows successful completion of an extensive 12-month trial by RJIL of fuel cell systems from various vendors, with Ballard's ElectraGen-ME methanol-fueled system ultimately having been selected for use in backup power applications. This purchase order is the first of a series of planned... More
April 29, 2015 6:27 AM EDT
Ballard Power (NASDAQ: BLDP) reported Q1 EPS of $0.05, $0.02 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $9.3 million versus the consensus estimate of $14.33 million.
"In the first quarter, we made progress building our foundation for long-term growth by achieving several... More
