Vancouver-based fuel cell maker Ballard Power Systems reported a Q1 loss of $41.1m, deeper than last year, with revenue up 9% to $14.5m.

Ballard Power Systems, a Vancouver-based fuel cell maker, reported a Q1 loss of $41.1m, deeper than the same period last year. Revenue rose 9% to $14.5m. Heavy duty mobility revenue increased to $10.6m from $8.6m a year ago, driven by strength in the bus business. Stationary revenue grew to $3.7m from $2.5m in Q1 2023, while emerging and other markets revenue dropped to $200k from $2.1m.

May 07, 2024
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