Ballard Power Systems targets 30% revenue CAGR, gross margins of 20%+ in 2027 scaling to 25%+ by 2028

At its October 22 Ballard Forum, Ballard Power Systems outlined an expanded business model incorporating Energy-as-a-Service (EaaS), targeting 30% compound annual growth in corporate revenue over the next two fiscal years, gross margins of 20%+ in 2027 scaling to 25%+ by 2028, and $80M-$120M in capex to expand its hydrogen power unit fleet.

Detected & updated continuously · Source: Nebula