Should I Buy Ballard Power Systems (BLDP)? Finance YouTuber Analysis

Hoium suggests avoiding Ballard Power Systems, noting that while its financials are historically slightly better than Plug Power, it still struggles with profitability, reporting negative gross profit margins and significant net losses. The company faces similar challenges to Plug Power in translating potential into profitable growth.

“So we really see the same story from both Plug Power and Ballard Power Systems, a lot of potential, a lot often times a lot of really exciting announcements, at the end of the day the story is the same, they're losing money, they don't have good margins.”

The analyst suggests avoiding Ballard Power Systems due to its low revenue generation and consistent losses, particularly a negative gross profit. Similar to Plug Power, it has historically focused on the materials handling market, which has not translated into a large, profitable business. The company's PEM fuel cell technology is also noted for its limitations compared to Bloom Energy's solid oxide approach.

“Ballard Power Systems is second here losing about 18 million dollars and plug power burning hundreds of millions of dollars a year losing money on everything that they sell”