Ballard Power’s Q1 Revenue Drops 37% Due to Weak Sales Across Segments

The company reported an order backlog of around $137.7 million by the end of the quarter

May 18, 2023

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Fuel cell maker Ballard Power Systems’ revenue in the first quarter (Q1) of the financial year 2023 amounted to $13.3 million, a 37% decline YoY.

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Gautamee Hazarika