A second-quarter loss of USD 1.2 million or USD 0.01 per share is one thing, but a more than 50 percent year-on-year jump in revenue to USD 26.1 million is quite another. Canadian-based Ballard (Nasdaq: BLDP) managed to push the gross margin to 38 percent, so that earnings before interest, taxes, depreciation and amortization were at positive USD 1.1 million. That’s plus USD 0.4 million through the first half year. Revenue grew by 45 percent to USD 49.2 million during the same period.
One should never be too enthusiastic, but if the Chinese government really takes up the battle against the country’s dramatic pollution levels, fuel cells and hydrogen will become top priorities – domestically and globally. People will take note of the comments that Wan Gang, China’s minister of science and technology, made during this year’s industry conference H2Mobility in Berlin in early April. Gang – an engineer, who had a ten-year stint at Audi – considers the fuel cell‘s versatility and “green hydrogen” to be two key solutions for improving China’s environmental situation
The conference call of Canadian-based Ballard Power Systems about the latest figures from the last quarter of 2015 – and consequentially, for all of last year – revealed some very intriguing news, comments and plans for the future. I will refrain from discussing the figures (or losses posted) and interpreting them (how the individual business fields developed). Instead, I will focus on the excellent outlook