Revenue Update on Ballard Power Systems (USA)(NASDAQ:BLDP)

Ballard Power Systems (USA)(NASDAQ:BLDP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $17.60M. Analysts estimated a revenue of $18.32M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.04.

Ballard Power Systems (USA) (BLDP) shares turned negative on Fridays trading session with the shares closing down -0.08 points or -3.98% at a volume of 11,13,675. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.07. The peak price level was also seen at $2.07 while the days lowest was $1.93. Finally the shares closed at $1.93. The 52-week high of the shares is $2.15 while the 52-week low is $1.07. According to the latest information available, the market cap of the company is $303 M.

Ballard Power Systems Inc. is engaged in development and commercialization of proton exchange membrane (PEM) fuel cell. The Company’s principal business is the design development manufacture sale and service of fuel cell products for a variety of applications focusing on the telecom backup power material handling bus and distributed generation markets. It also offers engineering services for various fuel cell applications. It offers tools and technologies for development optimization integration and validation of fuel cell components stacks and systems. It has a portfolio of commercial solutions including fuel cell stacks modules and systems. The Company’s fuel cell stacks include FCgen-1020ACS FCgen-1300 and FCvelocity-9SSL. Its fuel cell modules include FCvelocity-HD6. Its complete fuel cell systems include ElectraGen-ME ElectraGen-H2 and ClearGen.

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