What is Ballard Power Systems?

Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

Does Ballard Power have growth opportunities?

It's not that Ballard Power has no growth opportunities; hydrogen fuel cells are getting increasingly used in medium- and heavy-duty segments including buses, trucks, and rail. Ballard Power recently announced a partnership with Linamar ( LIMAF 0.58%) to develop fuel cells for light-duty vehicles in Europe and North America.

Why did Ballard Power lose revenue in Q1?

Ballard Power reported revenue of $17.6 million in Q1, which was 26% lower than the year-ago quarter. The company's management cited three main reasons for the drop in revenue. First, last year's comparable quarter was strong due to a large shipment, as well as no impact of COVID-19. So, in comparison, the revenue looked low in the latest quarter.

Does Ballard Power own China?

China is Ballard Power's key market and accounted for 52% of its 2020 revenue. The company controls 45% of China's FCEV (fuel cell electric vehicle) market. It has a joint venture with China's Weichai Power, which also owns 15.5% of Ballard Power's outstanding shares.