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

|About: Ballard Power Systems, Inc. (BLDP)|By:, SA News Editor

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.