Ballard Power Systems Inc operates in the Electrical equipment & supplies sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Ballard Power with three other
electrical equipment manufacturers in North America:
Eguana Technologies Inc
(2019
sales of 3.43 million Canadian Dollars [US$2.42 million]
),
SCI Engineered Materials, Inc.
of UNITED STATES
($12.95 million
), and
MICT Inc
which is
also
based in UNITED STATES
($477,000.00
).
Sales Analysis.
Ballard Power reported sales of C$140.69 million (US$99.15 million)
for the
year ending
December of 2019.
This
represents
an
increase of 12.1%
versus 2018, when the company's sales were C$125.51 million.
Despite this increase, sales are still
below the level achieved in 2017, when Ballard Power
reported sales of C$157.07 million.
Sales of Technology Solutions- Market saw an increase
that was more than double the company's growth rate: sales were up
45.7% in 2019, from
C$51.43 million to C$74.92 million.
Ballard Power also saw significant increases in sales in
Material Handling- Market (up 36.8% to C$14.23 million)
and
Back Up Power- Market (up 25.2% to C$3.95 million)
.
Not all segments of Ballard Power experienced an increase in sales in 2019:
sales of Portable Power- Market fell 91.3% to C$799,206.76 .
Ballard Power also experienced decreases in sales in
Heavy Duty Motive- Market (down 8.8% to C$46.79 million)
.