Ballard Power sees FY24 CapEx $50M-$70M

Sees FY24 operating expense $145M-$165M. The company said, “Consistent with the Company’s past practice, and in view of the early stage of hydrogen fuel cell market development, specific revenue or net income (loss) guidance for 2024 is not provided. The Company expects revenue in 2024 will be back-half weighted, with roughly 30% in the first half and 70% in the second half, similar to 2023.”