Ballard Power targets adjusted EBITDA profitability by end-2027
BLDP•Ballard Power Systems targets adjusted EBITDA profitability by the end of 2027, with revenue forecast to grow at a 30% compound annual rate over the next two fiscal years. It plans $80 million to $120 million in capital expenditures, with asset-backed financing expected to cover more than 80% of fleet investment value.
1. Profitability targets
Ballard Power Systems targets adjusted EBITDA profitability by the end of 2027 and aims to sustain it throughout 2028. It forecasts revenue growth at a 30% compound annual rate over the next two fiscal years, with gross margins expected to exceed 20% in 2027 and 25% in 2028.
2. Fleet investment
The company plans $80 million to $120 million in capital expenditures to expand its Hydrogen Power Unit fleet. Asset-backed financing is expected to cover more than 80% of the fleet investment value, limiting cash outlays.
