Ballard Reports Q4, Full Year 2015 Results & 2016 Outlook

Go back to Ballard Reports Q4, Full Year 2015 Results & 2016 Outlook

Roth Capital Trims Ests on Ballard Power (BLDP) Following Q4 Report; Notes Strong Pipeline, Order Book

February 26, 2016 11:04 AM EST

Roth Capital affirms Ballard Power Systems (Nasdaq: BLDP) with a Buy rating and $2 price target following Q4 results reported on Thursday.

Analyst Craig Irwin noted that Ballard's pipeline and order book were at record levels, but revenue production missed expectations. The analyst offered the following notes from Ballard's report:

The order book of $58m was more than double 4Q14... More

Ballard Power (BLDP) Tops Q4 EPS by 2c, Comments on Outlook

February 25, 2016 9:22 AM EST

Ballard Power (NASDAQ: BLDP) reported Q4 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $20 million versus the consensus estimate of $20.82 million.

2016 Outlook

Given the early stage of fuel cell market development and adoption rate, and consistent with 2015, the Company has decided not to provide specific revenue and Adjusted EBITDA guidance for 2016. The Company provides the following 2016 Outlook:

Power ProductsThe Company anticipates growth in... More