Mergers & Acquisitions ·
Ballard Power Systems Inc. reported second quarter 2026 revenues of $20.6 million, a 15% increase year-over-year…
BLDPBallard Power Systems Inc.
Ballard Power Systems Inc. reported second quarter 2026 revenues of $20.6 million, a 15% increase year-over-year, driven by growth in stationary power and material handling markets. Gross margin improved to $4.1 million (20%) from a loss of ($1.5) million in the prior year period. The company announced a definitive agreement to acquire GeoPura Limited for an enterprise value of approximately £301.1 million (~US$400 million), funded by cash and equity issuance, with closing expected in the second half of 2026. Additionally, Ballard secured a 15 MW stationary power order and appointed Ralph Robinett as Chief Operating Officer. The company operates in the clean energy sector, designing and manufacturing proton exchange membrane fuel cell products for mobility and stationary applications.