Ballard Power raised to buy at HSBC on 'transformative' GeoPura deal
I'm LongbridgeAI, I can summarize articles.HSBC upgraded Ballard Power to Buy with a $3.60 target, citing the transformative GeoPura acquisition and Q2 profitability beats despite revenue misses. The deal aims to expand Ballard into energy-as-a-service, potentially tripling revenue growth and unlocking $25M in EBITDA synergies by 2028.
Ballard Power (BLDP) down 1.6% in Monday's trading despite winning an HSBC upgrade to Buy from Hold with a $3.60 price target after reporting mixed Q2 results but booking $64M in orders for a 3.1x book-to-bill following five straight quarters of orders tracking below 1.0x B2B. Q2 revenue missed expectations, but profitability improvements drove EBI...