Ballard Power Systems Inc (BLDP)

BALLARD ANNOUNCES ACQUISITION OF UK-BASED GEOPURA, POWERING FUTURE GROWTH AND TRANSFORMING BALLARD INTO AN INTEGRATED HYDROGEN ECOSYSTEM PROVIDERJune 23, 2026 9:06 AM
PR Newswire (US) Transformative acquisition of a rapidly growing market leader of large-scale zero-emission hydrogen-based stationary power solutions Expands Ballard's business model to include an energy-as-a-service solution with a bundled offering combining hydrogen production, distribution, logistics, refueling, fuel cells, and stationary power generation to drive higher revenue per megawatt and highly recurring revenue potentialBuilds upon a longstanding and proven partnership with GeoPura, where Ballard supplies fuel cell engines to GeoPura's Hydrogen Power UnitsExpands addressable market into high-growth end-markets in a capitally efficient manner, supported by secured hydrogen supply and government policy backing Maintains Ballard's path to profitability by 2028, unlocking US$25 million in annual run-rate EBITDA synergiesVANCOUVER, BC, June 23, 2026 /PRNewswire/ -- Ballard Power Systems Inc. (NASDAQ: BLDP) (TSX: BLDP) ("Ballard", the "Company"), a global leader in hydrogen fuel cell technology, today announced that it has entered into a definitive agreement (the "Agreement") to acquire GeoPura Limited ("GeoPura"), a zero-emission hydrogen-based power solutions provider (the "Transaction"). The Transaction consists of an upfront equity purchase price of £275.0 million ("Upfront Consideration"), funded through a combination of £82.5 million in Ballard cash on hand and the issuance of ~50.8 million Ballard common shares to GeoPura shareholders, at US$5.02 per share, based on Ballard's 30-day volume-weighted average share price. In addition to the Upfront Consideration, Ballard will pay contingent consideration of up to £27.5 million if GeoPura achieves certain specified financial milestones after closing of the Transaction. The total transaction enterprise value1, including assumption of GeoPura net debt and excluding contingent consideration, is £301.1 million (~US$400 million).The Transaction represents a transformative acquisition that establishes Ballard as a vertically integrated and capitally efficient energy-as-a-service ("EaaS") provider with end-to-end capabilities spanning hydrogen production, distribution, logistics, refueling, fuel cells, and high-performance stationary power solutions.Founded in 2019 and headquartered in the United Kingdom, GeoPura has built a rapidly growing business focused on developing, leasing and selling Hydrogen Power Units ("HPUs") and hydrogen fuel supplied through its three production sites, including a 50% ownership interest in UK-based HyMarnham Power. The combined HPU and fuel offering delivers a competitive, grid-independent power solution with high reliability, instant-on responsiveness, low noise, and zero-emissions across a variety of end-markets. GeoPura's broad customer base includes Aggreko, Balfour Beatty, BBC, Disney, Equinix, Microsoft, Netflix, Sunbelt Rentals, UK Ministry of Defence, and others.The Transaction builds on a proven Ballard-GeoPura partnership and strong strategic alignment. GeoPura's UK-developed technology and British manufacturing complement Ballard's Canadian fuel cell expertise, creating a platform grounded in shared values, common history, and a commitment to reliable, zero-emission power. This Canadian-British combination supports global expansion by pairing GeoPura's hydrogen ecosystem with Ballard's world-class fuel cell platform to deliver a bundled customer offering and unlock meaningful efficiencies for existing and future customers.MANAGEMENT REMARKSMarty Neese, President and Chief Executive Officer of Ballard, commented, "This is a truly transformative acquisition that establishes Ballard as a leading, fully integrated hydrogen ecosystem provider and positions us to capitalize on the accelerating global energy transition and increasing demand for energy resilience. GeoPura's exceptional team has built a best-in-class hydrogen power solutions business with reliable technology, blue-chip customer relationships, and an attractive growth trajectory. By combining Ballard's world-class fuel cell technology with GeoPura's energy-as-a-service business model, we create a Company well-positioned to serve end-markets demanding secure, reliable, low noise, and emissions free power for their mission-critical applications. This acquisition significantly accelerates our revenue growth, shifts our business toward recurring, high-margin revenues and reinforces our path to profitability by 2028. We're excited to welcome the GeoPura team to Ballard and to execute on the significant opportunities ahead."Andrew Cunningham, Founder and Chief Executive Officer of GeoPura, commented, "When your work powers film and live television, hospitals, defence, essential infrastructure, and construction with reliable off-grid and grid-support systems, your engine supplier is central to your success. For GeoPura, Ballard has stood head and shoulders above the rest. They are the only partner able to deliver the fuel cell capabilities we need, backed by the deep engineering expertise required to ensure unbeatable product quality from kilowatt to megawatt. I am incredibly excited to combine GeoPura's high-performance capabilities with Ballard's product excellence, giving customers worldwide the best value from our fully integrated energy-as-a-service offering."GeoPura Chairman, Lord Richard Harrington, former Business and Industry Minister and Chair of Make UK said, "Ballard's investment reflects its confidence in a UK manufacturing business using UK technology that will now be exported around the world. I am excited by the company's global expansion plans and look forward to supporting them on this journey."COMPELLING STRATEGIC RATIONALEBuilding an Ecosystem with a Bundled Offering: By combining Ballard's fuel cell technology with GeoPura's integrated hydrogen production, logistics, and stationary power capabilities, the Company maximizes revenue per megawatt through multiple customer touchpoints. This results in a significant increase in lifetime value capture of each megawatt deployed.Access to Stationary Power Market with Proven Product Portfolio: Establishes Ballard's entry into the high-growth stationary power market with an immediately deployable and proven hydrogen genset product suite delivering "six nines" reliability (99.9999% uptime) and well-established customer base. GeoPura's HPUs serve construction, film and television, events, transportation, healthcare, defence, and potentially the rapidly expanding data centre applications, positioning Ballard to capture these growing markets globally.Accelerating Growth and Profitability: GeoPura's business model generates recurring revenues from HPU leasing with hydrogen supply and logistics, alongside HPU and hydrogen sales. GeoPura expects 2026 revenue to be approximately £38 million. Together with Ballard, the large total addressable market and secular tailwinds reshape Ballard's financial profile into an EaaS operator with accelerated growth and a clearer pathway to Ballard's 2028 profitability target.Unlocking Total Addressable Market Growth with Supportive Policy Environment: GeoPura's stationary power platform expands Ballard's addressable market beyond mobility and into high-growth end-markets where HPUs serve as mission-critical power infrastructure. GeoPura also holds the UK government's inaugural Hydrogen Allocation Round 1 (HAR1) contract, a subsidy mechanism guaranteeing hydrogen production revenues over fifteen years, providing substantial revenue visibility. This policy support, combined with GeoPura's 50% ownership of the HyMarnham hydrogen production facility and its capitally efficient expansion capacity, uniquely positions Ballard to expand its market reach and capitalize on accelerating decarbonization mandates and critical power demands globally.Highly Synergistic: The longstanding Ballard-GeoPura technology partnership provides a proven foundation upon which to grow the business and integrate the two highly complementary teams. Ballard will achieve structural cost advantages that enhance competitive positioning while creating demand pull-through within HPU end-markets. Approximately US$25 million in high-confidence run-rate EBITDA synergies have been identified, driven by revenue expansion and cost optimization. GeoPura's experienced management team strengthens execution and accelerates value realization.TRANSACTION TERMS AND FINANCING DETAILSUnder the terms of the Agreement, Ballard will acquire 100% of GeoPura, including GeoPura's 50% ownership in HyMarnham Power, for total Upfront Consideration of £275.0 million. The Upfront Consideration will be funded with £82.5 million in Ballard cash on hand, with the remainder to be funded through newly issued Ballard common shares provided to GeoPura shareholders, thereby maintaining Ballard's strong balance sheet. The number of Ballard shares to be issued to GeoPura shareholders is ~50.8 million, calculated based on a 30-day volume-weighted average price of Ballard common shares preceding announcement of the Transaction. Upon closing of the Transaction, GeoPura shareholders are expected to own approximately 14.4% of Ballard on a pro-forma basis. GeoPura shareholders will also enter into customary lock-up agreements restricting the sale or transfer of their Ballard common shares for a specified period following the closing of the Transaction.In addition to the Upfront Consideration, Ballard will pay contingent consideration of up to £27.5 million if GeoPura achieves certain financial milestones after closing of the Transaction.The total transaction enterprise value1, including assumption of GeoPura net debt and excluding contingent consideration, is £301.1 million (~US$400 million).ADDITIONAL DETAILS AND CLOSINGFollowing completion of the Transaction, GeoPura's Founder and Chief Executive Officer, Andrew Cunningham, is expected to assume the role of President of Ballard, reporting to Marty Neese, as Ballard's Chief Executive Officer. Additionally, Ballard expects to include Andrew Cunningham and Lord Richard Harrington, current Chairman of GeoPura, as nominees to its Board of Directors, designated by GeoPura shareholders.The Transaction has been unanimously approved by the Board of Directors of both Ballard and GeoPura and is subject to customary closing conditions for a transaction of this nature, including UK National Security and Investment Act filing and the approval of the TSX for the issuance of the Ballard common shares pursuant to the Transaction. The Transaction is expected to close in the second half of 2026.ADVISORSRBC Capital Markets is serving as exclusive financial advisor to Ballard. Ashurst LLP and Stikeman Elliott LLP are serving as legal counsel to Ballard.Barclays is serving as exclusive financial advisor to GeoPura and Winston Taylor LLP is serving as legal counsel to GeoPura.CONFERENCE CALL AND WEBCASTBallard will host a webcast June 23, 2026 at 11:00am E.T. to discuss the Transaction. Marty Neese, President and Chief Executive Officer of Ballard, Kate Igbalode, Senior Vice President and Chief Financial Officer of Ballard, and Andrew Cunningham, Founder and Chief Executive Officer of GeoPura, will present on the webcast. The live call can be accessed by dialing +1-833-821-2814 (Canada/US toll free). Alternatively, a live webcast can be accessed through a link on Ballard's homepage (www.ballard.com) or the following link: Announcement Conference Call About 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.Cautionary Statements Regarding Forward-Looking Information
This press release contains certain information that may constitute "forward-looking information" within the meaning of applicable Canadian Securities laws and "forward-looking statements" within the meaning of applicable U.S. securities laws (together, "forward-looking statements"). Often, but not always, forward-looking statements can generally be identified by the use of forward-looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding the Transaction, its terms and completion thereof, the benefits of the Transaction to Ballard shareholders and other stakeholders, plans, strategies and objectives of management and expected costs or production outputs. There can be no assurances that the Transaction will be completed on the terms set out in this press release or at all. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, receipt of necessary regulatory approvals of the Transaction, foreign exchange rate fluctuations, general economic conditions, increased costs, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions, recruitment and retention of personnel and potential litigation. Forward-looking statements are based on the Company's and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company's business and operations in the future. The Company does not give any assurance that the assumptions on which forward-looking statements are based will prove to be correct, or that the Company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or its management or beyond the Company's control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward-looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements in this press release speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances.Contact Information
Sumit Kundu – Investor Relations, +1.604.360.9714 or investors@ballard.com1Including assumption of 50% of the debt associated with the HyMarnham joint venture. Photo - https://mma.prnewswire.com/media/2998757/Ballard_Power_Systems_Inc__BALLARD_ANNOUNCES_ACQUISITION_OF_UK_B.jpg
Photo - https://mma.prnewswire.com/media/2998756/Ballard_Power_Systems_Inc__BALLARD_ANNOUNCES_ACQUISITION_OF_UK_B.jpg View original content:https://www.prnewswire.co.uk/news-releases/ballard-announces-acquisition-of-uk-based-geopura-powering-future-growth-and-transforming-ballard-into-an-integrated-hydrogen-ecosystem-provider-302807790.html Original: BALLARD ANNOUNCES ACQUISITION OF UK-BASED GEOPURA, POWERING FUTURE GROWTH AND TRANSFORMING BALLARD INTO AN INTEGRATED HYDROGEN ECOSYSTEM PROVIDER

BALLARD ANNOUNCES ACQUISITION OF UK-BASED GEOPURA, POWERING FUTURE GROWTH AND TRANSFORMING BALLARD INTO AN INTEGRATED HYDROGEN ECOSYSTEM PROVIDERJune 23, 2026 8:05 AM
PR Newswire (US) Transformative acquisition of a rapidly growing market leader of large-scale zero-emission hydrogen-based stationary power solutions Expands Ballard's business model to include an energy-as-a-service solution with a bundled offering combining hydrogen production, distribution, logistics, refueling, fuel cells, and stationary power generation to drive higher revenue per megawatt and highly recurring revenue potentialBuilds upon a longstanding and proven partnership with GeoPura, where Ballard supplies fuel cell engines to GeoPura's Hydrogen Power UnitsExpands addressable market into high-growth end-markets in a capitally efficient manner, supported by secured hydrogen supply and government policy backing Maintains Ballard's path to profitability by 2028, unlocking US$25 million in annual run-rate EBITDA synergiesVANCOUVER, BC, June 23, 2026 /PRNewswire/ - Ballard Power Systems Inc. (NASDAQ: BLDP) (TSX: BLDP) ("Ballard", the "Company"), a global leader in hydrogen fuel cell technology, today announced that it has entered into a definitive agreement (the "Agreement") to acquire GeoPura Limited ("GeoPura"), a zero-emission hydrogen-based power solutions provider (the "Transaction"). The Transaction consists of an upfront equity purchase price of £275.0 million ("Upfront Consideration"), funded through a combination of £82.5 million in Ballard cash on hand and the issuance of ~50.8 million Ballard common shares to GeoPura shareholders, at US$5.02 per share, based on Ballard's 30-day volume-weighted average share price. In addition to the Upfront Consideration, Ballard will pay contingent consideration of up to £27.5 million if GeoPura achieves certain specified financial milestones after closing of the Transaction. The total transaction enterprise value1, including assumption of GeoPura net debt and excluding contingent consideration, is £301.1 million (~US$400 million).The Transaction represents a transformative acquisition that establishes Ballard as a vertically integrated and capitally efficient energy-as-a-service ("EaaS") provider with end-to-end capabilities spanning hydrogen production, distribution, logistics, refueling, fuel cells, and high-performance stationary power solutions.Founded in 2019 and headquartered in the United Kingdom, GeoPura has built a rapidly growing business focused on developing, leasing and selling Hydrogen Power Units ("HPUs") and hydrogen fuel supplied through its three production sites, including a 50% ownership interest in UK-based HyMarnham Power. The combined HPU and fuel offering delivers a competitive, grid-independent power solution with high reliability, instant-on responsiveness, low noise, and zero-emissions across a variety of end-markets. GeoPura's broad customer base includes Aggreko, Balfour Beatty, BBC, Disney, Equinix, Microsoft, Netflix, Sunbelt Rentals, UK Ministry of Defence, and others.The Transaction builds on a proven Ballard-GeoPura partnership and strong strategic alignment. GeoPura's UK-developed technology and British manufacturing complement Ballard's Canadian fuel cell expertise, creating a platform grounded in shared values, common history, and a commitment to reliable, zero-emission power. This Canadian-British combination supports global expansion by pairing GeoPura's hydrogen ecosystem with Ballard's world-class fuel cell platform to deliver a bundled customer offering and unlock meaningful efficiencies for existing and future customers.MANAGEMENT REMARKSMarty Neese, President and Chief Executive Officer of Ballard, commented, "This is a truly transformative acquisition that establishes Ballard as a leading, fully integrated hydrogen ecosystem provider and positions us to capitalize on the accelerating global energy transition and increasing demand for energy resilience. GeoPura's exceptional team has built a best-in-class hydrogen power solutions business with reliable technology, blue-chip customer relationships, and an attractive growth trajectory. By combining Ballard's world-class fuel cell technology with GeoPura's energy-as-a-service business model, we create a Company well-positioned to serve end-markets demanding secure, reliable, low noise, and emissions free power for their mission-critical applications. This acquisition significantly accelerates our revenue growth, shifts our business toward recurring, high-margin revenues and reinforces our path to profitability by 2028. We're excited to welcome the GeoPura team to Ballard and to execute on the significant opportunities ahead."Andrew Cunningham, Founder and Chief Executive Officer of GeoPura, commented, "When your work powers film and live television, hospitals, defence, essential infrastructure, and construction with reliable off-grid and grid-support systems, your engine supplier is central to your success. For GeoPura, Ballard has stood head and shoulders above the rest. They are the only partner able to deliver the fuel cell capabilities we need, backed by the deep engineering expertise required to ensure unbeatable product quality from kilowatt to megawatt. I am incredibly excited to combine GeoPura's high-performance capabilities with Ballard's product excellence, giving customers worldwide the best value from our fully integrated energy-as-a-service offering."GeoPura Chairman, Lord Richard Harrington, former Business and Industry Minister and Chair of Make UK said, "Ballard's investment reflects its confidence in a UK manufacturing business using UK technology that will now be exported around the world. I am excited by the company's global expansion plans and look forward to supporting them on this journey."COMPELLING STRATEGIC RATIONALEBuilding an Ecosystem with a Bundled Offering: By combining Ballard's fuel cell technology with GeoPura's integrated hydrogen production, logistics, and stationary power capabilities, the Company maximizes revenue per megawatt through multiple customer touchpoints. This results in a significant increase in lifetime value capture of each megawatt deployed.Access to Stationary Power Market with Proven Product Portfolio: Establishes Ballard's entry into the high-growth stationary power market with an immediately deployable and proven hydrogen genset product suite delivering "six nines" reliability (99.9999% uptime) and well-established customer base. GeoPura's HPUs serve construction, film and television, events, transportation, healthcare, defence, and potentially the rapidly expanding data centre applications, positioning Ballard to capture these growing markets globally.Accelerating Growth and Profitability: GeoPura's business model generates recurring revenues from HPU leasing with hydrogen supply and logistics, alongside HPU and hydrogen sales. GeoPura expects 2026 revenue to be approximately £38 million. Together with Ballard, the large total addressable market and secular tailwinds reshape Ballard's financial profile into an EaaS operator with accelerated growth and a clearer pathway to Ballard's 2028 profitability target.Unlocking Total Addressable Market Growth with Supportive Policy Environment: GeoPura's stationary power platform expands Ballard's addressable market beyond mobility and into high-growth end-markets where HPUs serve as mission-critical power infrastructure. GeoPura also holds the UK government's inaugural Hydrogen Allocation Round 1 (HAR1) contract, a subsidy mechanism guaranteeing hydrogen production revenues over fifteen years, providing substantial revenue visibility. This policy support, combined with GeoPura's 50% ownership of the HyMarnham hydrogen production facility and its capitally efficient expansion capacity, uniquely positions Ballard to expand its market reach and capitalize on accelerating decarbonization mandates and critical power demands globally.Highly Synergistic: The longstanding Ballard-GeoPura technology partnership provides a proven foundation upon which to grow the business and integrate the two highly complementary teams. Ballard will achieve structural cost advantages that enhance competitive positioning while creating demand pull-through within HPU end-markets. Approximately US$25 million in high-confidence run-rate EBITDA synergies have been identified, driven by revenue expansion and cost optimization. GeoPura's experienced management team strengthens execution and accelerates value realization.TRANSACTION TERMS AND FINANCING DETAILSUnder the terms of the Agreement, Ballard will acquire 100% of GeoPura, including GeoPura's 50% ownership in HyMarnham Power, for total Upfront Consideration of £275.0 million. The Upfront Consideration will be funded with £82.5 million in Ballard cash on hand, with the remainder to be funded through newly issued Ballard common shares provided to GeoPura shareholders, thereby maintaining Ballard's strong balance sheet. The number of Ballard shares to be issued to GeoPura shareholders is ~50.8 million, calculated based on a 30-day volume-weighted average price of Ballard common shares preceding announcement of the Transaction. Upon closing of the Transaction, GeoPura shareholders are expected to own approximately 14.4% of Ballard on a pro-forma basis. GeoPura shareholders will also enter into customary lock-up agreements restricting the sale or transfer of their Ballard common shares for a specified period following the closing of the Transaction.In addition to the Upfront Consideration, Ballard will pay contingent consideration of up to £27.5 million if GeoPura achieves certain financial milestones after closing of the Transaction.The total transaction enterprise value1, including assumption of GeoPura net debt and excluding contingent consideration, is £301.1 million (~US$400 million).ADDITIONAL DETAILS AND CLOSINGFollowing completion of the Transaction, GeoPura's Founder and Chief Executive Officer, Andrew Cunningham, is expected to assume the role of President of Ballard, reporting to Marty Neese, as Ballard's Chief Executive Officer. Additionally, Ballard expects to include Andrew Cunningham and Lord Richard Harrington, current Chairman of GeoPura, as nominees to its Board of Directors, designated by GeoPura shareholders.The Transaction has been unanimously approved by the Board of Directors of both Ballard and GeoPura and is subject to customary closing conditions for a transaction of this nature, including UK National Security and Investment Act filing and the approval of the TSX for the issuance of the Ballard common shares pursuant to the Transaction. The Transaction is expected to close in the second half of 2026.ADVISORSRBC Capital Markets is serving as exclusive financial advisor to Ballard. Ashurst LLP and Stikeman Elliott LLP are serving as legal counsel to Ballard.Barclays is serving as exclusive financial advisor to GeoPura and Winston Taylor LLP is serving as legal counsel to GeoPura.CONFERENCE CALL AND WEBCASTBallard will host a webcast June 23, 2026 at 11:00am E.T. to discuss the Transaction. Marty Neese, President and Chief Executive Officer of Ballard, Kate Igbalode, Senior Vice President and Chief Financial Officer of Ballard, and Andrew Cunningham, Founder and Chief Executive Officer of GeoPura, will present on the webcast. The live call can be accessed by dialing +1-833-821-2814 (Canada/US toll free). Alternatively, a live webcast can be accessed through a link on Ballard's homepage (www.ballard.com) or the following link: Announcement Conference Call About 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.Cautionary Statements Regarding Forward-Looking Information
This press release contains certain information that may constitute "forward-looking information" within the meaning of applicable Canadian Securities laws and "forward-looking statements" within the meaning of applicable U.S. securities laws (together, "forward-looking statements"). Often, but not always, forward-looking statements can generally be identified by the use of forward-looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding the Transaction, its terms and completion thereof, the benefits of the Transaction to Ballard shareholders and other stakeholders, plans, strategies and objectives of management and expected costs or production outputs. There can be no assurances that the Transaction will be completed on the terms set out in this press release or at all. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, receipt of necessary regulatory approvals of the Transaction, foreign exchange rate fluctuations, general economic conditions, increased costs, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions, recruitment and retention of personnel and potential litigation. Forward-looking statements are based on the Company's and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company's business and operations in the future. The Company does not give any assurance that the assumptions on which forward-looking statements are based will prove to be correct, or that the Company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or its management or beyond the Company's control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward-looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements in this press release speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances.Contact Information
Sumit Kundu – Investor Relations, +1.604.360.9714 or investors@ballard.com1Including assumption of 50% of the debt associated with the HyMarnham joint venture.  View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-announces-acquisition-of-uk-based-geopura-powering-future-growth-and-transforming-ballard-into-an-integrated-hydrogen-ecosystem-provider-302807717.htmlSOURCE Ballard Power Systems Inc. Original: BALLARD ANNOUNCES ACQUISITION OF UK-BASED GEOPURA, POWERING FUTURE GROWTH AND TRANSFORMING BALLARD INTO AN INTEGRATED HYDROGEN ECOSYSTEM PROVIDER

Ballard announces order for 15 MW in the stationary power marketJune 15, 2026 10:30 PM
PR Newswire (Canada) VANCOUVER, BC, June 15, 2026 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order totaling 15 megawatts (MW) of fuel cell systems for stationary applications from a company specializing in renewable off-grid power generation ("the Customer"). The order, comprising 150 FCmove®-HD+ 100 kW fuel cell modules, marks the second order of this scale from the Customer, following a similar order placed in 2024. Deliveries are expected to start in the second half of 2026 an will be used in hydrogen gensets for applications ranging from live events, construction, and movie sets, to critical infrastructure.  "This order reflects continued market adoption of zero-emission fuel cell solutions for off-grid stationary power applications and a positive endorsement from our partner on the ability of the FCmove®-HD+ module to provide quiet, clean, economical and reliable low-carbon power wherever and whenever it is needed." said Marty Neese, Ballard's Chief Executive Officer. He continued, "When paired with Ballard's integrated service offerings, including predictive maintenance and performance optimization, we are able to fully support our customer in providing clean, reliable hydrogen power solutions." Ballard's stationary fuel cells, ranging from 100 kW to multi-megawatt configurations, have been deployed globally across a range of applications, including EV charging and off-grid power generation. These systems provide a scalable, zero-emission, and low-noise alternative to conventional diesel generation, supporting prime, peak, and backup power requirements across diverse off-grid use cases.About Ballard Power SystemsBallard 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.This release contains forward-looking statements concerning anticipated product and service attributes, market applications, product deliveries and deployments. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.Further Information
Sumit Kundu – Investor Relations, +1.604.360.9714 or investors@ballard.com View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-announces-order-for-15-mw-in-the-stationary-power-market-302800918.htmlSOURCE Ballard Power Systems Inc. Original: Ballard announces order for 15 MW in the stationary power market

If you own a garbage stock like Ballard, this is the week to dump it and buy some quality like LIN or Space X and make some money.

Sell your garbage stocks and buy quality.

100 Reasons to Be Bullish on $BLDP
🚍 1–20: Strong Commercial Momentum in Bus, Rail & Marine
Leading fuel-cell bus share in North America, UK, and Europe.

26% YoY revenue growth in Q1 2026.

120% YoY revenue growth in Q3 2025 driven by bus & rail deliveries.

Multi-year supply agreement with Solaris through 2029.

Multi-year agreement with Wrightbus for next-gen hydrogen buses.

Multi-year agreement with New Flyer, North America’s largest bus OEM.

Record shipments of 660+ fuel-cell engines in 2024, up nearly 30%.

Strong marine order intake, including eCap & Samskip.

Rail sector growth, with “very large-scale deployments” emerging.

Hydrogen bus adoption accelerating across Europe. (Inference based on Solaris/Wrightbus multi-year deals.)

Repeat business from existing customers, showing product stickiness.

Growing stationary power interest as low-carbon hydrogen projects reach FID.

Sierra Northern Railway deal for hydrogen locomotives.

Global diversification across bus, truck, rail, marine, and stationary.

Service contracts bundled with engines, creating recurring revenue.

98% fleet availability target via predictive maintenance.

OEM validation from top global bus manufacturers.

Hydrogen replacing diesel gensets in stationary markets.

Hydrogen rail gaining regulatory support globally. (Inference based on Sierra Northern + EU rail pilots.)

BLDP positioned as a first mover in multiple heavy-duty segments.

⚙️ 21–40: Technology Leadership & Product Advantages
Launch of FCmove-SC, 9th-generation engine.

25% improvement in power density in FCmove-SC.

Integrated DC/DC functionality reduces system complexity.

Smaller footprint improves OEM integration.

Higher operating temperatures expand use cases.

40% fewer components in FCmove-SC, lowering cost.

Next-gen FCmove-XD development progress.

Project Forge to reduce bipolar plate costs.

Automated bipolar plate line entering production.

PEM fuel-cell specialization, the dominant tech for mobility.

Decades of IP accumulation in PEM stacks.

High durability stacks proven in bus fleets.

Zero-emission technology aligned with global mandates.

Hydrogen refueling time advantage over batteries for heavy duty.

Superior cold-weather performance vs batteries.

Modular architecture for multiple power classes.

Marine-grade systems meeting strict certification.

Rail-specific systems validated in pilot deployments.

Stationary systems optimized for long-duration backup.

BLDP’s tech embedded in next-gen platforms, locking in future revenue.

📉 41–60: Improving Financials & Cost Structure
Positive gross margin for three straight quarters (2025–2026).

14% YoY gross margin improvement in Q1 2026.

15% gross margin in Q3 2025.

36% reduction in operating expenses YoY.

65% reduction in cash burn YoY.

$525M+ cash on hand (Q3 2025).

$516M cash in Q1 2026 with no debt.

Positive cash flow delivered in Q1 2026.

Lower capex guidance ($5–10M).

Lower operating expense guidance ($65–75M).

Record order backlog of $173.5M in 2024.

12-month orderbook up 48% YoY.

$75M+ Q4 2024 order intake, a record.

Improving EBITDA trend, narrowing losses.

Strong working capital of $600M.

High current ratio of 9, indicating liquidity strength.

Restructuring actions reducing costs materially.

No near-term financing needs.

Improving revenue visibility via multi-year contracts.

Analyst upgrades following margin turnaround.

🌍 61–80: Macro Tailwinds for Hydrogen
Global decarbonization mandates accelerating hydrogen adoption.

EU hydrogen strategy prioritizes heavy-duty transport.

U.S. hydrogen hubs receiving multi-billion funding.

IRA incentives supporting hydrogen production.

Hydrogen rail adoption expanding in EU & U.S.

Hydrogen marine regulations tightening emissions.

Hydrogen bus deployments scaling in Europe.

Corporate net-zero commitments driving fleet transitions.

Hydrogen replacing diesel gensets in stationary power.

Hydrogen cost curve declining as electrolyzer capacity grows.

Fuel-cell vehicles favored for long-range, high-duty cycles.

Grid constraints boosting interest in hydrogen backup.

Hydrogen seen as essential for hard-to-electrify sectors.

Government procurement increasingly hydrogen-friendly.

Hydrogen rail pilots proving viability.

Hydrogen marine corridors emerging globally.

Hydrogen trucking pilots expanding in North America.

Hydrogen storage advantages over batteries for long duration.

Hydrogen infrastructure investment accelerating.

BLDP positioned as a pure-play hydrogen leader in a growing sector.

🧭 81–100: Strategic Positioning, Governance & Long-Term Upside
Board independence increasing after Weichai reduced stake.

Reduced China exposure, lowering geopolitical risk.

New CEO Marty Neese, hydrogen industry veteran.

Clear strategic focus on heavy-duty mobility.

Restructuring actions improving operational efficiency.

Record engine shipments show scaling capability.

Long-term platform wins create multi-year revenue streams.

Recurring service revenue enhances margins.

Improving technical sentiment (Buy/Hold signals).

Strong liquidity supports multi-year runway.

Hydrogen ecosystem partnerships expanding.

OEM validation from top global manufacturers.

Technology moat built over decades.

Falling cost structure improves competitiveness.

Growing order pipeline across segments.

Positive customer feedback on new engines.

Improving manufacturing efficiency via automation.

Hydrogen adoption curve still early, offering long runway.

BLDP is a pure-play hydrogen bet, unlike diversified competitors.

Asymmetric upside if hydrogen scales faster than expected.

Ballard Power announces results of 2026 Annual General Meeting of ShareholdersJune 4, 2026 12:30 AM
PR Newswire (Canada) VANCOUVER, BC, June 4, 2026 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2026 Annual General Meeting, which was held on June 3rd. Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy.Director NomineeVotes For% ForVotes Withheld% WithheldKathy Bayless71,838,79998.211,312,5161.79Jacqueline Dedo72,258,61098.78892,7051.22Douglas P. Hayhurst66,168,32190.456,982,9949.55Hubertus M. Muehlhaeuser66,419,01590.806,732,3009.20Marty Neese72,533,02599.16618,2900.85James Roche66,824,15691.356,327,1598.65Ballard notes that Janet Woodruff resigned from her board seat effective June 2, 2026. Additionally, Weichai Nominees, Michael Chen and Huajie Wang, resigned their seats effective May 13, 2026.Director biographies are available in the "Our Leadership" section of the Company's website.In addition, KPMG LLP, Chartered Accountants, was re-appointed as auditor for the Company, and an advisory vote approved the approach to executive compensation. Details of each of these resolutions are included in the Company's Management Proxy Circular.ItemVotes For% ForVotes
Against%
AgainstWithheld/
Abstain% Withheld/
AbstainAppointment of Auditors78,660,92787.02--11,730,43712.98Executive Compensation66,381,01790.756,770,2999.25--About Ballard Power SystemsBallard 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.Further InformationBallard Power Systems:
Sumit Kundu –Investor Relations, +1.604.453.3517 or investors@ballard.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-power-announces-results-of-2026-annual-general-meeting-of-shareholders-302791049.htmlSOURCE Ballard Power Systems Inc. Original: Ballard Power announces results of 2026 Annual General Meeting of Shareholders

https://investorshub.advfn.com/stock-market/NASDAQ/ballard-power-systems-BLDP/stock-news/98628721/form-sd-specialized-disclosure-report

France white hydrogen deposit 46 million tons and more to xome. Link to Qatar. Huge development for Ballard.

$5 is key. Eligibility for large funds.

Hydrogen Refueling Solutions partnership.POC for Vertiv

dont forget $PLUG [$PLUG](mention://asset/PLUG) has a $7 target double that money Analysts have begun raising $PLUG targets, including a new $7 call. B. Riley: $5 (Buy). Canaccord: $4 (Hold). Susquehanna: $3.75 (Neutral). Momentum finally showing up.

White hydrogen
Essentially free

Decadal record of continental H2 reservoirs reveals potential for subsurface microbial life and natural H2 exploration

Buckle up

Hyperscaler pivot coming soon.

Tuesday Vertiv conference. Hyperscaler power solution. Ballard. Show time!

hydrogen drone - HevenH2-D100

DOE - Record Of Decision soon on hydrogen hubs. Vertic hyperscaler pivot is soon. Cobfereence on Tuesday

compliance with DOD Section 847. Pathway now open as offshore odff of the BOD.

DFARS 252.240-70XX

Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc.May 16, 2026 12:12 AM
NewsfileHong Kong, China--(Newsfile Corp. - May 16, 2026) - Weichai Power Hong Kong International Development Co. Limited ("Weichai") announces that, through a series of transactions between May 13, 2026 and May 15, 2026, Weichai completed the disposition of an aggregate of 8,150,000 common shares (the "Common Shares") of Ballard Power Systems Inc. ("Ballard") for an average price of Cdn$5.65 per Common Share and a total disposition price of Cdn$46,074,159.69 (the "Disposition").Immediately prior to the completion of the Disposition, Weichai owned a total of 39,252,826 Common Shares. Immediately following the completion of the Disposition, Weichai owns a total of 31,102,826 Common Shares, representing approximately 10.32% of the issued and outstanding Common Shares. All of the securities held by Weichai in Ballard, including the Common Shares, are being held for investment purposes. Weichai may in the future take such actions in respect of its securityholdings in Ballard as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Ballard through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving Ballard, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Weichai may continue to hold its current positions.A copy of the early warning report relating to the Common Shares will be available under Ballard's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by contacting Weichai at the contact information below.For further information, please contact:Hu Yunyun
+00852 2295 3686
huyy@weichai.com.hk To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297741 Original: Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc.

$BLDP 🏭 is increasing manufacturing capacity across Canada, Europe, and China to drive scale efficiencies and margin leverage.

$BLDP 💰 is backed by a strong liquidity position exceeding $700M, giving it one of the longest runways in the hydrogen sector.

$BLDP 📊 is entering a commercialization phase with analysts projecting accelerating revenue growth from 2025 through 2027.

$BLDP 🌍 is benefiting from global hydrogen policy tailwinds across the EU, U.S., and Canada with billions in subsidies and tax credits.

$BLDP 📈 is turning gross margins positive as next-gen fuel-cell platforms cut costs by 30% and boost durability by 40%.

$BLDP 🇨🇳 is positioned to scale massively through its Weichai joint venture as China targets 50,000 hydrogen vehicles by 2030.

$BLDP 🔋 is the global leader in heavy-duty PEM fuel cells for buses, trucks, rail, and marine where batteries cannot compete.

$BLDP 🚀 is building a record hydrogen fuel-cell backlog exceeding $190M, signaling strong future revenue visibility.

Ballard Announces Resignation of Weichai's Nominee Directors and Sale of Weichai's SharesMay 14, 2026 9:30 PM
PR Newswire (US) VANCOUVER, BC, May 14, 2026 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the resignation of Weichai Power Co., Ltd. ("Weichai") board nominees, Michael Chen and Huajie Wang, from Ballard's Board of Directors effective May 13th.  The resignations follow the sale of approximately 6.9 million Ballard common shares by Weichai Power (the "Share Sale") through its subsidiary, Weichai Power Hong Kong International Development Co., Ltd., ("Weichai Hong Kong").  As a result of the Share Sales, Weichai now owns less than 15% of Ballard's outstanding shares and is no longer entitled to appoint two nominees to Ballard's board of directors under the terms of its investor rights agreement with Ballard, prompting the resignations by Mr. Chen and Mr. Wang.  Going forward, Weichai will no longer be entitled to appoint nominees to Ballard's Board of Directors."Ballard appreciates Weichai's support and partnership and thanks Michael and Huajie for their contributions as board members in our joint effort to advance fuel cell commercialization opportunities in China and globally," said Jim Roche, Chair of Ballard's Board of Directors.Ballard remains focused on executing its strategy, supporting customers worldwide, and strengthening its position as a leader in zero-emission fuel cell solutions.About 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.Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or investors@ballard.com View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-announces-resignation-of-weichais-nominee-directors-and-sale-of-weichais-shares-302773068.htmlSOURCE Ballard Power Systems Inc. Original: Ballard Announces Resignation of Weichai's Nominee Directors and Sale of Weichai's Shares

🔌 BLDP — Ballard Power Systems (Fuel Cells)
Most Credible Bullish Factors
Global leader in PEM fuel cells: Especially for buses, trucks, and rail.

International partnerships: China, Europe, and North America hydrogen mobility projects.

Government support: EU and U.S. hydrogen funding directly benefits Ballard.

Growing heavy-duty hydrogen demand: Fuel cells outperform batteries in long-haul applications.

Strong IP portfolio: Decades of fuel-cell patents and engineering expertise.🔌 BLDP — Ballard Power Systems (Fuel Cells)
Most Credible Bullish Factors
Global leader in PEM fuel cells: Especially for buses, trucks, and rail.

International partnerships: China, Europe, and North America hydrogen mobility projects.

Government support: EU and U.S. hydrogen funding directly benefits Ballard.

Growing heavy-duty hydrogen demand: Fuel cells outperform batteries in long-haul applications.

Strong IP portfolio: Decades of fuel-cell patents and engineering expertise.

$BLDP has Cash & equivalents: $516.8M

Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems IncMay 13, 2026 8:09 AM
NewsfileHong Kong, China--(Newsfile Corp. - May 13, 2026) - Weichai Power Hong Kong International Development Co. Limited ("Weichai") announces that, through a series of transactions between May 8, 2026 and May 12, 2026, Weichai completed the disposition of an aggregate of 6,878,886 common shares (the "Common Shares") of Ballard Power Systems Inc. ("Ballard") for an average price of Cdn$5.78 per Common Share and a total disposition price of Cdn$39,737,594.05 (the "Disposition").Immediately prior to the completion of the Disposition, Weichai owned a total of 46,131,712 Common Shares. Immediately following the completion of the Disposition, Weichai owns a total of 39,252,826 Common Shares, representing approximately 13.02% of the issued and outstanding Common Shares. All of the securities held by Weichai in Ballard, including the Common Shares, are being held for investment purposes. Weichai may in the future take such actions in respect of its securityholdings in Ballard as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Ballard through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving Ballard, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Weichai may continue to hold its current positions.Pursuant to an investor rights agreement, dated as of November 13, 2018, and amended and restated on April 8, 2020, between Weichai and Ballard, in the event that Weichai or a designated affiliate holds at least 15% of the issued and outstanding Common Shares, Weichai is entitled to nominate two persons for appointment or election to the board of directors of Ballard.A copy of the early warning report relating to the Common Shares will be available under Ballard's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by contacting Weichai at the contact information below.For further information, please contact:Hu Yunyun
+00852 2295 3686
huyy@weichai.com.hk To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297302 Original: Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc

Apparently someone selling over 15 million shares does this to a stock price. see the form 144.

Wrightbus Selects Ballard's FCmove®-SC Engine to Power Its Next-Generation Hydrogen Bus PlatformMay 6, 2026 9:30 PM
PR Newswire (Canada) VANCOUVER, BC and LONDON, May 6, 2026 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that Wrightbus (https://wrightbus.com/), a leading UK-based bus manufacturer and long-standing Ballard partner, has formally nominated Ballard as the fuel cell supplier for its next-generation StreetDeck Hydroliner Gen 3.0 hydrogen bus platform. This nomination covers the integration of Ballard's FCmove®-SC hydrogen fuel cell engine—Ballard's newest, high-efficiency platform launched in late 2025—into Wrightbus' Gen 3.0 double-decker FCEV bus, with series production scheduled to begin in 2027.The FCmove®-SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long-range, high-utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery-electric alternatives."Wrightbus' nomination of Ballard for the StreetDeck Hydroliner Gen 3.0 platform represents a major milestone for our next-generation FCmove®-SC engine," said Oben Uluc, Vice President, Sales & Marketing at Ballard. "This decision reflects our decades-long collaboration and Wrightbus' confidence in Ballard's ability to deliver performance, reliability, and lifecycle economics at scale. The FCmove®-SC was made for the mature bus market, and OEM nominations like this validate the value proposition for customers.""Our Gen 3.0 hydrogen bus has been in development for some time, ready for launch next year, and we are looking for partners who can help generate greater efficiency, improved lifecycle economics, and robust performance for demanding transit operations. Our next generation hydrogen bus is all about creating a TCO that is comparable to battery-electric and there are plenty of examples where electric doesn't provide the range needed for efficient daily operation or where the cost of infrastructure is prohibitive," said Wrightbus' Chief Procurement Officer Paul King.Mr. King concluded, "We are delighted to be able to extend our partnership with Ballard, using their next generation fuel cells, as we accelerate the rollout of hydrogen mobility across our key markets."Today, Ballard-powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 300 million kilometers with 98% availability and zero reported safety incidents. Through Ballard Fleet Services, including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing, Ballard and its customers unlock additional value that strengthens fleet performance and supports long-term operational success.About 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.About Wrightbus
Wrightbus is a UK-based leader in zero-emission transportation, recognized for pioneering the world's first hydrogen-powered double-deck bus and advancing next-generation battery-electric and hydrogen mobility solutions. With a legacy of innovation dating back to 1946, Wrightbus designs and manufactures high-efficiency buses that support global transit agencies in reducing emissions and modernizing fleets. The company's commitment to engineering excellence and sustainable transport continues to shape the future of clean mobility across the UK, Europe, and international markets.This release contains forward-looking statements concerning product attributes and benefits to customers, anticipated product deliveries and customer deployments. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or investors@ballard.com View original content to download multimedia:https://www.prnewswire.com/news-releases/wrightbus-selects-ballards-fcmovesc-engine-to-power-its-nextgeneration-hydrogen-bus-platform-302764807.htmlSOURCE Ballard Power Systems Inc. Original: Wrightbus Selects Ballard's FCmove®-SC Engine to Power Its Next-Generation Hydrogen Bus Platform

Looks like we are good shape!
https://finance.yahoo.com/markets/stocks/articles/golden-cross-ballard-power-systems-135502145.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAADt21cE2kg4bv8zHN4lHme-_OYT8tw0ITpeSE_QwL7r-FipmE5vmF6v2U0A3HSRJXmDjlXE14zRzDBoH36-6heZ62rddINpMvsG6I7mEb2gSJmMrigoCOUO2GmrlGKTdNdE9hE1-SCNoKYDW9sT2WHALq3h_zNhtR5b0I0smKWSG

$BLDP breaking out

Solaris Selects Ballard's FCmove®-SC Engine to Power its Next-Generation Hydrogen Bus PlatformMay 5, 2026 8:30 PM
PR Newswire (US) VANCOUVER, BC, May 5, 2026 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that Solaris Bus & Coach sp. z o.o. ("Solaris"; www.solarisbus.com), a leading European bus manufacturer and long-standing Ballard partner, has formally selected Ballard as the fuel cell supplier for its next-generation hydrogen bus. This selection includes the integration of Ballard's FCmove®-SC hydrogen fuel cell engine, Ballard's newest high-efficiency platform launched in late 2025, into the Solaris Generation 2 FCEV bus. The sale of engines has been incorporated into an update of the existing LTSA, extending it to 2029, to match with next-gen bus delivery while also strategically aligning commercial terms.The FCmove®-SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long-range, high-utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery-electric alternatives."Solaris' selection of Ballard for its next-generation hydrogen bus platform marks a significant milestone for the continued evolution of our FCmove®-SC engine," said Marty Neese, Ballard's CEO and President. "Our long-standing collaboration with Solaris has been built on trust, technical excellence, and a shared commitment to zero-emission mobility. With this selection, supported by newly adjusted commercial terms that strengthen long-term alignment, Solaris reinforces its confidence in Ballard's ability to deliver performance, reliability, and lifecycle value at scale. The FCmove®-SC is purpose-built for Europe's mature bus market, and OEM nominations like this validate the strength of our value proposition."Today, Ballard-powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 300 million kilometers with 98% availability and zero reported safety incidents. Through Ballard Fleet Services, including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing, Ballard and its customers unlock additional value that strengthens fleet performance and supports long-term operational success.About Ballard Power SystemsBallard 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.About Solaris
Solaris Bus & Coach, headquartered in Bolechowo, Poland, is a leading European manufacturer of city buses, trolleybuses, and zero-emission vehicles. Founded in 1996 and part of Spain's CAF Group, Solaris is a leader of Europe's electric bus market and is recognized as a technology leader in hydrogen mobility. The company has delivered more than 28,000 vehicles to operators across 33 countries. Solaris continues to play a central role in Europe's transition to sustainable public transport.This release contains forward-looking statements concerning anticipated agreements, product deliveries; and deployments; and anticipated product benefits, operational benefits, and value proposition for customers. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or investors@ballard.comMateusz Figaszewski - Director, Institutional Partnerships and External Relations - mateusz.figaszewski@solarisbus.com View original content to download multimedia:https://www.prnewswire.com/news-releases/solaris-selects-ballards-fcmovesc-engine-to-power-its-nextgeneration-hydrogen-bus-platform-302763399.htmlSOURCE Ballard Power Systems Inc. Original: Solaris Selects Ballard's FCmove®-SC Engine to Power its Next-Generation Hydrogen Bus Platform

Nice bounce once again😱😎

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=177570760

BLDP—

GLTA

The truly impressive move off of the recent sub $1.20 bottom continues.

Ballard's having a nice run up this morning, Glenn!

Maybe it'll keep running for a few days.

LC

BLDP

BLDP...........................................https://stockcharts.com/sc3/ui/?s=BLDP&p=w&b=5&g=0&id=p86431144783

Ballard Reports Q1 2026 ResultsMay 5, 2026 7:30 AM
PR Newswire (US) VANCOUVER, BC, May 5, 2026 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2026. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). Highlights (comparisons are to Q1 2025):Revenue of $19.4 million, up 26% year over year ("YoY").  14% gross margin a 37-point improvement from Q1 2025.36% reductions in Total Operating Expenses2.Q1 ended with $516.8 million in cash and cash equivalents.Positive momentum in bus market with New Flyer commercial agreement and strong traction with European OEM's"In Q1, we made continued progress toward positive cash flow. Quarterly revenue grew 26% year over year, driven by increased engine shipments during the period. Disciplined cost management also contributed to an improvement in gross margins, which rose to 14%," said Marty Neese, Ballard's President and CEO. "These results build on the momentum established in 2025 and reinforce that we are on the right path.""We continue to see strong momentum in the fuel cell bus market, supported by increasing long-term customer commitments. New Flyer's multi-year 50 MW agreement highlights accelerating fleet adoption in North America. In the U.K. and E.U., we are seeing strong traction with two additional bus OEMs that are advancing next-generation hydrogen bus platforms powered by our FCmove®-SC engine. They recognize the benefit of the FCmove®-SC engine to lower total cost of ownership through higher power density, enhanced durability, and simplified installation and maintenance. Together, these advancements support improved customer economics and position us for stronger margin performance over time," added Mr. Neese.Mr. Neese continued, "Ballard maintains a leading position in the North American and European fuel cell bus markets, built on sustained commercial execution and technical leadership. Our engines have surpassed 300 million kilometers of real-world fleet operation, underscoring their durability and reliability in demanding applications."He concluded, "We ended Q1 with $516.8 million in cash and no near- or mid-term financing requirements, providing a strong foundation to execute our strategy. This financial strength enables us to continue investing in product maturity, cost reduction, and customer success—key drivers of scalable growth and long-term value creation in hydrogen mobility."Q1 2026 Financial Highlights
(all comparisons are to Q1 2025 unless otherwise noted)Total revenue was $19.4 million in the quarter, representing 26 % year-over-year growth, reflecting continued momentum across multiple end-markets.Bus revenue was $6.8 million, down 46% from Q1 2025, while Rail revenue increased to $5.1 million, a 4472% increase YoY.Stationary revenue increased to $5.2 million, up 775% YoY, while Other Markets revenue grew to $2.4 million, up 6% YoY.Gross margin was 14% in the quarter, an improvement of 37-points.Total Operating Expenses2 were $16.4 million, a decrease of 36%.Total Cash Used by Operating Activities was $7.8 million, compared to $24.4 million in the prior year, an improvement of 68 % YoY.Cash and cash equivalents were $516.8 million at the end of Q1 2026, compared to $576.7 million in the prior year.Adjusted EBITDA1 was ($11.4) million, compared to ($27.5) million in Q1 2025. The improvement in Adjusted EBITDA was driven primarily by margin and operating cost improvements.Order Backlog at the end of Q1 2026 was $112.9 million, a decrease of 5% compared to the end of Q4 2025.The 12-month Orderbook was $52.8 million at end of Q1, a decrease of $1.1 million or 2% from the end of Q4 2025.Order Backlog ($M)Order Backlog at End-Q4 2025Orders Received in Q1 2026Orders Delivered in Q1 2026Order Backlog at End-Q1 2026Total Fuel Cell Products & Services$119.3$12.9$19.4$112.92026 OutlookConsistent with our past practice, and in view of the early stage of hydrogen fuel cell market development, specific revenue and net income (loss) guidance for 2026 is not provided. We expect revenue in 2026 will be back-half weighted. Total Operating Expense2 and Capital Expenditure3 guidance ranges for 2026 are as noted below. We continue to review and consider various options to reduce our operating cost structure and capital spend, which may result in revisions to our guidance ranges at a future date.2026GuidanceTotal Operating Expense2$65 - $75 millionCapital Expenditure3$5 - $10 millionQ1 2026 Financial Summary(Millions of U.S. dollars)Three months ended March 31
20262025% ChangeREVENUE


Fuel Cell Products & Services:4


Bus6.8$12.5(46 %)Rail5.1$0.14472 %Stationary5.2$0.6775 %Other Markets2.4$2.26 %Total Fuel Cell Products & Services Revenue19.4$15.426 %PROFITABILITY


Gross Margin $$2.8($3.6)177 %Gross Margin %14 %(23 %)37ptsTotal Operating Expenses216.4$25.5(36 %)Equity loss in JV & Associates-($0.8)0 %Adjusted EBITDA1($11.4)($27.5)59 %Net Loss from Continuing Operations4($11.4)($21.0)46 %Loss Per Share from Continuing Operations4($0.04)($0.07)46 %CASH


Cash provided by (used in) Operating Activities:


Cash Operating Loss($7.8)($21.7)64 %Working Capital Changes($0.0)($2.7)101 %Cash used by Operating Activities($7.8)($24.4)68 %Cash and cash equivalents$516.8$576.7(10 %)For a more detailed discussion of Ballard Power Systems' first quarter 2026 results, please see the company's financial statements and management's discussion & analysis, which are available at www.ballard.com/investors, www.sedarplus.ca and www.sec.gov/edgar.shtml.Conference Call
Ballard will hold a conference call on Tuesday May 5, 2026 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2026 operating results. The live call can be accessed by dialing +1-844-763-8274 (Canada/US toll free). Alternatively, a live audio and webcast can be accessed through a link on Ballard's homepage (www.ballard.com). Following the call, the audio webcast and presentation materials will be archived in the 'Earnings, Interviews & Presentations' area of the 'Investors' section of Ballard's website (www.ballard.com/investors).About 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.Important Cautions Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws, such as statements concerning the markets for our products, Order Backlog, expected revenues, gross margins, operating expenses, capital expenditures, corporate development activities, and impacts of investments in manufacturing and R&D capabilities and cost reduction initiatives. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond Ballard's ability to control or predict. Actual events, results and developments may differ materially from those contemplated by such forward-looking statements. Any such statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, market demand and financing needs. For a detailed discussion of the factors and assumptions that these statements are based upon, and factors that could cause our actual results or outcomes to differ materially, please refer to Ballard's most recent management discussion & analysis. Other risks and uncertainties that may cause Ballard's actual results to be materially different include general economic and regulatory changes, detrimental reliance on third parties, level of achievement of our business plans, achieving and sustaining profitability, changes that affect how long our cash reserves will last and the timing of, and ability to obtain, required regulatory approvals. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. These forward-looking statements represent Ballard's views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. These forward-looking statements are provided to enable external stakeholders to understand Ballard's expectations as at the date of this release and may not be appropriate for other purposes. Readers should not place undue reliance on these statements and Ballard assumes no obligation to update or release any revisions to them, other than as required under applicable legislation.Further Information
Sumit Kundu –Investor Relations +1.604.453.3517 or investors@ballard.comEndnotes_______________________________________________1 EBITDA and Adjusted EBITDA are non-GAAP measures. We believe these measures are useful in evaluating the operating performance of the Company's ongoing business. These measures should be considered in addition to, and not as a substitute for, operating expenses, net income, cash flows and other measures of financial performance and liquidity reported in accordance with GAAP. These non-GAAP measures do not have any standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies.  See the reconciliation of EDITDA and Adjusted EBITDA to the most directly comparable GAAP measure in Section 10 "Supplemental Non-GAAP Measures and Reconciliations" in our Management's Discussion and Analysis for the three months ended March 31, 2026. Adjusted EBITDA adjusts EBITDA for stock-based compensation expense, transactional gains and losses, finance and other income, asset impairment charges, and the impact of unrealized gains and losses on foreign exchange contracts.2 Total Operating Expenses refer to the measure reported in accordance with IFRS.3 Capital Expenditure is defined as Additions to property, plant and equipment and Investment in other intangible assets as disclosed in the Consolidated Statements of Cash Flows.4 We report our results in the single operating segment of Fuel Cell Products and Services. Our Fuel Cell Products and Services segment consists of the sale of PEM fuel cell products and services for a variety of applications including bus and rail applications, Stationary Power, and Other Markets (consisting of truck, marine, material handling, off-road, and other applications). Revenues from the delivery of Services, including technology solutions, after sales services and training, are included in each of the respective markets. View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-reports-q1-2026-results-302762427.htmlSOURCE Ballard Power Systems Inc. Original: Ballard Reports Q1 2026 Results

Ballard Reports Q1 2026 Results

https://investorshub.advfn.com/stock-market/NASDAQ/ballard-power-systems-BLDP/stock-news/98442525/ballard-reports-q1-2026-results

The world is running short on clean, dispatchable electricity. Ballard Power slows the crunch by decarbonizing heavy transport without adding load to the grid, enabling distributed clean power, and supporting renewable-hydrogen ecosystems that stabilize energy systems. $BLDP

$BLDP sitting on ~$751M cash and pulled in ~$102M revenue over the last year 💚⚡️ Massive runway, zero debt, and fuel-cell demand heating up across buses, trucks, rail + hydrogen hubs.

Hydrogen cycle turning — $BLDP ready to run 🚀💨

🚀 Ballard Power Systems: A Hydrogen Powerhouse Positioned for the AI Infrastructure Supercycle
Ballard Power Systems is stepping into one of the most important and overlooked growth stories in the market: the collision between AI’s exploding power demand and the global push for clean, reliable backup energy. As data centers scale at unprecedented speed, the world is discovering a hard truth — the grid cannot keep up.

This is where Ballard’s technology becomes more than a clean-energy solution. It becomes critical infrastructure.

⚡ AI Data Centers Are Creating a Power Crunch
Artificial intelligence is transforming industries, but it’s also transforming electricity consumption. Modern data centers require enormous amounts of power, and the traditional grid is struggling to deliver it fast enough. Interconnection delays stretch into years. Diesel generators — the long-time backup standard — face tightening regulations and rising scrutiny.

Operators need a new answer.
Ballard already has one.

🔋 Ballard’s Hydrogen Fuel Cells Fit the Moment
Ballard’s proton-exchange membrane (PEM) fuel-cell systems offer something the AI sector desperately needs: clean, instant, scalable backup power that can support multi-megawatt facilities without emissions, noise, or combustion.

The company’s technology has already been validated in real-world data-center environments. Through its collaboration with Vertiv, Ballard’s fuel-cell modules were successfully integrated into a next-generation backup architecture designed specifically for mission-critical workloads. The demonstration proved that hydrogen fuel cells can replace diesel generators at scale — a milestone with major implications for the future of digital infrastructure.

This is not a theoretical roadmap.
It’s a working system.

🧠 Why This Matters for Ballard’s Long-Term Growth
The AI build-out is not slowing down. If anything, it’s accelerating. Every new cluster, every new data hall, every new high-density rack requires dependable backup power. As operators push toward net-zero commitments, hydrogen becomes one of the few viable paths forward.

Ballard sits at the center of that transition.

Its technology is already commercial-ready

Its systems scale from hundreds of kilowatts to multiple megawatts

Its solutions align with global decarbonization policies

Its partnerships connect it directly to the data-center supply chain

This positions Ballard not just as a hydrogen company, but as a strategic supplier for the AI era.

🚀 The Bottom Line
Ballard Power Systems is entering a phase where its technology matches the world’s most urgent infrastructure needs. The AI boom is creating a massive, sustained demand for clean, reliable backup power — and hydrogen fuel cells are emerging as a leading solution.

Ballard has the technology, the partnerships, and the timing.
The market is only beginning to recognize what that combination could mean.