Ballard Power Systems Expects Revenue In 2024 Will Be Back-Half Weighted, Lowered Capital Expenditure Guidance From $50M-$70M To $25M-$40M
Portfolio Pulse from Benzinga Newsdesk
Ballard Power Systems expects its 2024 revenue to be back-half weighted and has lowered its capital expenditure guidance from $50M-$70M to $25M-$40M.
August 12, 2024 | 12:34 pm
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Ballard Power Systems expects its 2024 revenue to be back-half weighted and has lowered its capital expenditure guidance from $50M-$70M to $25M-$40M.
The reduction in capital expenditure guidance suggests a more conservative financial approach, which could be seen positively by investors. The back-half weighted revenue expectation indicates potential growth in the latter part of the year.
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