Review of the Ballard Forum
Ballard Power held its Ballard Forum and laid out targets for 30% revenue CAGR over the next two fiscal years, with an expanded business model adding Energy-as-a-Service alongside equipment sales. The company is targeting gross margins above 20% in 2027, scaling past 25% by 2028, and Adjusted EBITDA profitability by the end of 2027 sustained through full-year 2028.
Key figures
- Guidance
- 30% revenue CAGR over next two fiscal years; gross margins >20% in 2027 scaling to >25% by 2028; Adjusted EBITDA positive by end of 2027 and full-year 2028
- Capex plan usd
- $80 million to $120 million
- Hpu financing ltv
- >80%
- Revenue cagr target
- 30%
- Gross margin target 2027
- >20%
- Gross margin target 2028
- >25%
AI analysis
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