Ballard Targets Adjusted EBITDA Breakeven by End-2027, 30% Revenue CAGR
BLDP is trading near its 52-week low of $1.49 (7.4% above the low).
Summary
Ballard laid out multi-year targets at its investor forum: adjusted EBITDA breakeven by the end of 2027, full-year profitability in 2028, and 30% compound annual revenue growth over the next two fiscal years. Management expects gross margins above 20% in 2027 and above 25% in 2028, up from the 20% posted in Q2 2026. The plan calls for $80M-$120M of capital spending on the hydrogen power unit, funded largely through asset-backed finance at more than 80% loan-to-value to limit cash outlay. That matters because the company is still burning cash — Q2 2026 showed a $20.3M loss from continuing operations and a $9.8M adjusted EBITDA loss on $20.6M of revenue. Shares rose 1.9% pre-market on the announcement. Q3 2026 results are due November 16, the first checkpoint on whether the margin trend supports the 2027 target.
At the time of this announcement, BLDP was trading at $1.60 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $533.7M. The 52-week trading range was $1.49 to $6.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.