Bullboard - Stock Discussion Forum Ballard Power Systems Inc T.BLDP

Alternate Symbol(s): BLDP

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Ballard Power Systems Inc. is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after... see more

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TSX:BLDP - Post Discussion

Ballard Power Systems Inc > Restructuring charge coming

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Post by guarantor1 on Oct 08, 2024 8:54am

Restructuring charge coming

A lot of investors waiting for the Q3 earnings release (and the restructuring charge) to get an accurate read on cash. Cash will definitely be more than the market cap, but a lot would want to see the exact number before investing, eh

"In connection with the restructuring, the Company expects to book a restructuring charge in Q3 2024. The Company had $678 million of cash and cash equivalents as of June 30, 2024. The Company reiterates its 2024 guidance ranges of $145 million to $165 million for Total Operating Expense1 (excluding restructuring and related costs) and $25 million to $40 million for Capital Expenditures2."

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