- Record quarterly revenue of $54 million
- Record gross margin
- Marketing agreement with NRG Energy, including power purchase agreement model
- Construction of multi-megawatt fuel cell parks on track in Connecticut and South Korea
The company further confirmed its 2017 confirmed full-year 2017 revenue guidance at $130.0 million and gross margins of 8% to 12%.
Ballard has an equipment deal with Zhongshan to deliver 200 FCveloCity fuel cell engines to be used in demonstrations of clean energy buses and commercial vehicles in key Chinese cities.
These heavily shorted stocks could get squeezed much higher if they report positive earnings this week.