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Review of the Ballard Forum

PR Newswire•22/10/2026•07:30 ET
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Key Highlights

  • ➤30% corporate revenue CAGR targeted over the next two fiscal years
  • ➤Adjusted EBITDA profitability targeted by end-2027; full-year 2028 profitability
  • ➤Gross margins projected above 20% in 2027 and 25% by 2028
  • ➤$80M-$120M planned for HPU fleet expansion, financed above 80% loan-to-value
  • ➤Energy-as-a-Service added to Ballard's equipment sales and services model

Ballard is targeting to become adj. EBITDA positive by the end of 2027 and full year 2028.

VANCOUVER, BC, Oct. 22, 2026 /PRNewswire/ -- Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today held the Ballard Forum. Notable highlights included:

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