Ballard Power Systems Inc. (BLDP) Form 6-K — Oct 22, 2026
Ballard Power Systems held its Ballard Forum investor event, outlining targets for 30% compound annual revenue growth over the next two fiscal years and Adjusted EBITDA profitability by the end of 2027, sustained through full-year 2028. The company expects gross margins above 20% in 2027 scaling past 25% by 2028, aided by an expanded business model that adds Energy-as-a-Service to its existing equipment sales and services.
Key figures
- Capex plan
- $80-120 million for HPU fleet expansion
- Revenue cagr target
- 30% over next two fiscal years
- Gross margin target 2027
- >20%
- Gross margin target 2028
- >25%
- Asset backed loan to value
- >80%
- Ebitda profitability target
- Adjusted EBITDA positive by end of 2027, full-year 2028
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