Ballard Targets Adjusted EBITDA Profitability by End of 2027 and for Full-Year 2028

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) is targeting positive adjusted EBITDA by the end of 2027 and targets full-year adjusted EBITDA profitability in 2028, alongside revenue and margin goals announced at an Oct. 22 forum. The company targets a 30% compound annual growth rate in corporate revenue over the next two fiscal years. It also aims for gross margins above 20% in 2027 and above 25% in 2028. Ballard plans to invest $80 million to $120 million to expand its Hydrogen Power Unit (HPU) fleet.

Source: TokenPost