Ballard Power Systems Files March 2025 6-K Report
Ticker: BLDP · Form: 6-K · Filed: 2025-03-13T00:00:00.000Z
Sentiment: neutral
Topics: sec-filing, 6-k, regulatory-update
Related Tickers: BLDP
TL;DR
Ballard Power Systems (BLDP) filed its March 6-K, standard foreign issuer report. No major news, just compliance.
AI Summary
Ballard Power Systems Inc. filed a Form 6-K on March 13, 2025, reporting for the month of March 2025. The filing is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. Ballard Power Systems Inc. is incorporated in Z4 and has its principal executive office in Burnaby, BC, Canada.
Why It Matters
This filing provides routine updates for investors and regulatory bodies regarding Ballard Power Systems' status as a foreign private issuer. It confirms their ongoing reporting obligations under US securities laws.
Risk Assessment
Risk Level: low — This filing is a routine report and does not contain new financial information or significant operational updates that would typically impact risk.
Key Players & Entities
- Ballard Power Systems Inc. (company) — Registrant
- 7076991 Canada Inc. (company) — Former company name
- 000-53543 (dollar_amount) — SEC File Number
FAQ
What is the purpose of a Form 6-K filing?
A Form 6-K filing is a report of a foreign private issuer required under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, used to provide information that the issuer makes public in its home country or is required to disclose by foreign law.
When was Ballard Power Systems Inc. previously known as 7076991 Canada Inc.?
Ballard Power Systems Inc. was formerly known as 7076991 Canada Inc. until January 2, 2009, when its name was changed.
What is Ballard Power Systems Inc.'s fiscal year end?
Ballard Power Systems Inc.'s fiscal year ends on December 31st.
Where is Ballard Power Systems Inc.'s principal executive office located?
Ballard Power Systems Inc.'s principal executive office is located at 9000 Glenlyon Parkway, Burnaby, BC, V5J 5J8, Canada.
What is the SIC code for Ballard Power Systems Inc.?
The Standard Industrial Classification (SIC) code for Ballard Power Systems Inc. is 3620, which corresponds to ELECTRICAL INDUSTRIAL APPARATUS.
From the Filing
0001279569-25-000260.txt : 20250313 0001279569-25-000260.hdr.sgml : 20250313 20250313081155 ACCESSION NUMBER: 0001279569-25-000260 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20250313 FILED AS OF DATE: 20250313 DATE AS OF CHANGE: 20250313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ballard Power Systems Inc. CENTRAL INDEX KEY: 0001453015 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53543 FILM NUMBER: 25733900 BUSINESS ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 BUSINESS PHONE: 604-454-0900 MAIL ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 FORMER COMPANY: FORMER CONFORMED NAME: 7076991 Canada Inc. DATE OF NAME CHANGE: 20090102 6-K 1 ballard6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2025 Commission File Number: 000-53543 Ballard Power Systems Inc. ——————————————————————————————————— (Translation of registrant’s name into English) 9000 Glenlyon Parkway Burnaby, BC V5J 5J8 Canada ——————————————————————————————————— (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☐ Form 20-F ☒ Form 40-F SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ballard Power Systems Inc. Date: March 13, 2025 By: /s/ Kate Igbalode Name: Kate Igbalode Title: Chief Financial Officer EXHIBIT INDEX Exhibit No. Description 99.1 News Release Dated March 13, 2025 - Ballard Reports Q4 2024 Results EX-99.1 2 ex991.htm NEWS RELEASE DATED MARCH 13, 2025 Exhibit 99.1 Ballard Reports Q4 2024 Results VANCOUVER, BC, March 13, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the fourth quarter ended December 31, 2024. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "2024 was a tough year for the hydrogen and fuel cell industry," stated Randy MacEwen, Ballard's President and CEO. "Amidst prolonged policy uncertainty, there was a multi-year push-out in the development of hydrogen projects and the deployment of fuel cell applications. With this backdrop, compounded by a difficult funding environment, an industry rationalization is underway." "Our Q4 and full-year 2024 financial results reflect the industry challenges," said Randy MacEwen. "Q4 revenue was $24.5 million, down 48% compared to Q4 2023. Full-year revenue of $69.7 million was down 32%, although we had a standout year in our Bus vertical, with revenue growth of 51%. Q4 gross margin improved by 9 points year-over-year to (13%), while full-year gross margin of (32%) was 11 points lower than in 2023. Q4 cash operating costs 1 decreased by 6% year-over-year as a result of restructuring activities initiated in September, with significant further reductions expected in 2025." Mr. MacEwen continued, "Notwithstanding this very challenging industr