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Ballard Power -10% as Q1 results, 2014 outlook disappoints

  • Ballard Power (BLDP -10.9%) plunges after its Q1 results and FY 2014 outlook disappoints Wall Street, which apparently expected more to justify the stock's ~140% rise YTD.
  • While BLDP's Q1 net loss narrowed to $3.8M from $7.9M in the year-ago period, and revenues rose 13.8% Y/Y to $14M, analysts had been expecting faster growth.
  • Guidance was underwhelming too, as BLDP sees 30% higher FY 2014 revenues to ~$79.7M vs. $80.3M analyst consensus estimate.

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Comments (7)
  • Weighing Machine
    , contributor
    Comments (756) | Send Message
     
    wonder how much the plug will go down after it reports?
    29 Apr 2014, 03:38 PM Reply Like
  • LYogi
    , contributor
    Comments (2413) | Send Message
     
    The impact of the UTC partnership/patents is a "game-changer" in the words of the CEO giving Ballard dominance in the PEM Fuel Cell space.

     

    Look for major deals with automotive OEMs on the heels of this partnership in the months/years ahead.

     

    LONG
    29 Apr 2014, 03:40 PM Reply Like
  • mikelazar
    , contributor
    Comments (285) | Send Message
     
    your analytics for why the stock is down is absurd in the extreme are you saying because they missed their revenue by 600.000 that the stock should drop over 10% with 41 million in the bank and no debt.With a Major deal with UTX a mega giant company and a portfolio of assets to enhance their already large patent assets.And a guidance going forward to break even EBATA. Thats no even the tip they could leave at a good restaurant.YOU need to rethink the way you value a company any company period.
    29 Apr 2014, 04:09 PM Reply Like
  • User 509088
    , contributor
    Comments (1213) | Send Message
     
    the utx effect was not included in their estimate in this call.

     

    this marks the first time in the time that I've been playing on ballard that they've mentioned car applications as being a growth target.

     

    when asked about becoming a patent troll, it was said since the amount needed to find and create new components made it simpler and cheaper to make a deal with owners of existing ip, and since ballard had such a wide ranging catalogue of ip and engineering experience, it was cheaper to hire ballard to help engineer and pay a license than to make a new process.
    29 Apr 2014, 05:03 PM Reply Like
  • OldGreenGuy
    , contributor
    Comments (15) | Send Message
     
    Ha, Sheridan has gone full circle, good thing he is retiring! When John Sheridan was brought in as "interim" CEO 9 years ago taking over from Dennis Campbell, his first move was to re-focus the company on "near term" commercial targets including forklifts and Japanese cogeneration stepping away from automotive almost completely and putting bus on life support. He then shifted to backup telecom, cancelled cogen, brought bus back, put forklifts on the back burner, re-visited large scale base-load (that Campbell had previously shut down), back to forklifts, downplay backup power, and now... full circle back to automotive!

     

    Maybe if Sheridan could focus on a market for more than 2 years they wouldn't have run in circles re-focusing every 2 years.

     

    Regarding the UTX IP, it is pretty useless when nobody is selling commercial products at any volume and with a 17-20 year patent life, most of their "automotive" technology is old - and bus BTW, not automotive (the UTC stack is a giant low pressure beast that would never fit in a car due to low power density and the O2/H2 work they did is only good in space and submarines); besides, UTC's stationary venture was sold to clearedge and they are in bankruptcy now too so really, there is nobody left to license IP anyway!

     

    We will not see any high volume commerical FC sales until the patents that everyone "borrowed" to develop their technology have expired.
    29 Apr 2014, 09:27 PM Reply Like
  • LYogi
    , contributor
    Comments (2413) | Send Message
     
    The rise of Tesla may force the hand of auto OEMs to fast-track FC vehicles and pay the patent holders for the technology to do so!
    29 Apr 2014, 09:33 PM Reply Like
  • HANK'S #2
    , contributor
    Comments (2) | Send Message
     
    Looks like the "shorts" are exploiting every bit of bad and good news about both Ballard and Plug to drive the price lower. I am surprised at the level of ignorance that many of the writers demonstrate with their comments. Deliberate lies and half truths seem to be their modus operandi. I am long on both of these stocks. I have been a close watcher and participant with Ballard since 1990 and watcher of Plug for almost the same period. Most if not all of the technical issues have been researched to death so their operations are well understood and they function as planned. The big problem has been their cost. Since they are the only engines around that are emission free, they are the goal of many users of engines for a variety of end uses. Plugs recent contract awards should demonstrate to the world that they have achieved significant cost reductions. The same comment applies to Ballard who is providing the fuel cell for Plug's different systems. Both Ballard and Plug have a long list of satisfied customers. Many people have been scared into selling their stock based on the many distortions of the truth. They will live to regret their loss of potential significant gains which I believe will ultimately dwarf the already significant gains made on Plug over the last few months Most investors are looking for the next big thing, but unfortunately don't recognize it, even though it is hitting them in the head like Ballard and Plug are doing.

     

    This is my first contribution to this site. If you wish to learn more about my credentials, look me up on Google.

     

    Henry ( Hank) W. Wedaa

     

    President
    Valley Environmental Associates
    30 Apr 2014, 03:17 AM Reply Like
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