05:32 PM EDT, 07/31/2025 (MT Newswires) -- Ballard Power Systems ( BLDP ) was at last look up 2.7% in US after hours as it announced the launch of its strategic realignment plans, led by newly appointed President and CEO, Marty Neese.

The strategic realignment will have a commercial focus and is driven by several steps, including a "path to positive cash flow" by year-end 2027, and "operational efficiency", and "sharpened market and product focus", in addition to "margin expansion", and "disciplined capital and cash management".

On operational efficiency, Ballard expects to reduce annualized operating costs by at least 30% in 2026 relative to the first half of 2025, through immediate workforce adjustments, tighter portfolio integration, and streamlined operations.

On disciplined capital and cash management, Ballard plans to "continue limiting capital expenditures and rigorously manage cash, with a focus on inventory optimization and working capital control, to sustain financial strength". As of June 30, 2025, the vompany held approximately $550 million in cash and cash equivalents.

Company president and CEO, Marty Neese, said, "We are aligning the Company around real, near-term opportunities where we have proven product-market fit and clear customer value, while driving toward a sustainable business model rooted in operational excellence and margin discipline."