Ballard Power Systems (TSE:BLDP) Posts Earnings Results

Ballard Power Systems (TSE:BLDP) announced its quarterly earnings results on Friday. The company reported C($0.10) earnings per share for the quarter, FiscalAI reports. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. The company had revenue of C$29.27 million during the quarter.

Ballard Power Systems Price Performance

Shares of Ballard Power Systems stock opened at C$3.73 on Friday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 13.57 and a current ratio of 10.70. Ballard Power Systems has a 52-week low of C$2.34 and a 52-week high of C$9.08. The company has a fifty day moving average of C$5.64 and a 200-day moving average of C$4.48. The stock has a market capitalization of C$1.12 billion, a price-to-earnings ratio of -13.81, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.16.

Insider Activity

In other Ballard Power Systems news, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the completion of the sale, the insider owned 44,020,601 shares in the company, valued at approximately C$257,960,721.86. The trade was a 4.58% decrease in their ownership of the stock. Also, insider Ltd. Weichai Power Co. sold 2,399,353 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$5.74, for a total transaction of C$13,772,286.22. Following the sale, the insider directly owned 41,621,248 shares of the company’s stock, valued at C$238,905,963.52. The trade was a 5.45% decrease in their position. In the last quarter, insiders sold 10,064,347 shares of company stock worth $58,240,001. Company insiders own 15.53% of the company’s stock.

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.