3 Things to Watch When Ballard Power Systems Reports Q3 Earnings
Due to report third-quarter earnings on Nov. 2, Ballard Power Systems (NASDAQ: BLDP) is, arguably, the fuel cell company closest to achieving profitability. Through the first six months of fiscal 2017, Ballard reported a 104% increase in adjusted EBITDA over the same period last year. And although the company is far from consistently keeping the bottom line out of the red, there are signs that the company is moving in the right direction. Will the third quarter reflect even greater momentum? Let's look at some things we can expect management to address.
Accounting for 36% of Ballard's top line in fiscal 2016, heavy-duty motive represented the second largest segment by revenue, but it demonstrated the largest year-over-year increase, at 170%. Besides the tram market, the segment, which largely reflects Ballard's success in meeting China's demand for fuel-cell vehicles, includes fuel-cell solutions geared toward the bus and heavy-duty truck markets.
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Source: Fool.com
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