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:
SCI Engineered Materials, Inc.
of UNITED STATES
(2020
sales of $10.90 million
of which 100%
was ilm Applications),
Eguana Technologies Inc
(7.95 million Canadian Dollars [US$6.34 million]
), and
Orbital Energy Group Inc
which is
based in UNITED STATES
($38.41 million
).
Sales Analysis.
Ballard Power reported sales of C$139.11 million (US$110.85 million)
for the
year ending
December of 2020.
This
represents
a
decrease of 1.1%
versus 2019, when the company's sales were C$140.69 million.
Contributing to the drop in overall sales was the 50.0% decline
in Material Handling- Market, from C$14.23 million to C$7.11 million.
There were also decreases in sales in
Technology Solutions- Market (down 19.1% to C$60.64 million)
.
However, these declines were partially offset by the increase in sales of
Heavy Duty Motive- Market (up 36.5% to C$63.86 million)
and
Back Up Power- Market (up 90.1% to C$7.50 million)
.