01:00 PM EDT, 08/12/2025 (MT Newswires) -- As expected, Ballard Power Systems ( BLDP ) new chief executive Marty Neese emphasized cost reductions and cash preservation as the company navigates slower uptake of fuel cell heavy-duty mobility solutions, writes BMO.

The company reported its second-quarter results on Monday.

The company will flush out more details on second phase of restructuring plan on its next earnings call and is targeting an FY 2026 Analyst Day, reports BMO analyst Ameet Thakkar.

"That said, while BLDP shares have rallied over 30% last three months and now trade in line with cash value, we see limited coverage of 12-month order book vs. consensus revenues."

Ballard is rated Underperform, with a US$1.80 target.

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