Ballard Power Posts Revenue Growth and Third Consecutive Positive Gross Margin Quarter
Ballard Power Systems (BLDP) reported a 26% year-over-year revenue increase to CAD 19.4 million for Q1 2026, despite missing revenue estimates slightly. The company also achieved its third consecutive positive gross margin quarter and reduced operating expenses by 36%. It secured multi-year partnerships with New Flyer, Wrightbus, and Solaris.
Topics: fuel cells gross margin improvement hydrogen revenue growth