Ballard Power’s Revenue Up 4% in Q2 2024 on Higher Fuel Cell Product Sales
The company reported a net loss of $31.46 million for Q2 2024, a 4.5% increase
August 14, 2024
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Fuel cell manufacturer Ballard Power Systems‘ second quarter (Q2) 2024 revenue reached $16 million, a 4% year-over-year (YoY) increase. The growth was primarily driven by a 48% YoY increase in fuel cell product sales, which constituted 84% of total revenue, up from 59% in Q2 2023.