Key Takeaways BP is increasing its solar, wind and bioenergy footprint through strategic partnerships.BP's Archaea Energy strengthens its position in the renewable natural gas market.BP is advancing hydrogen and carbon capture projects to support decarbonization goals. Air quality continues to deteriorate globally due to rising emissions from transportation, industrial activity and rapid urbanization, increasing risks to public health and the environment. In response to these challenges, governments and industries are prioritizing cleaner energy solutions by adopting low-emission fuels, stricter standards and sustainable technologies to support the global energy transition. BP plc (BP - Free Report) is positioning itself for this transition by combining its traditional fossil fuels operations with expanding renewable energy and low-carbon businesses.
BP has built a strong renewable portfolio, spanning solar, wind and bioenergy, by utilizing capital-light partnerships to reduce risk. The company continues to expand its solar and battery storage presence through partnerships such as Lightsource bp, while its JERA Nex bp joint venture strengthens its offshore wind platform. BP has also established a growing position in renewable natural gas through Archaea Energy, supporting cleaner fuel demand across transportation and energy-intensive industries.
Beyond its renewable portfolio, BP is focusing on difficult-to-decarbonize sectors to help significantly lower atmospheric emissions. The company is advancing this goal by developing low-carbon hydrogen production facilities and large-scale carbon capture and storage (CCS) projects. Through these strategic partnerships and targeted investments, BP continues to strengthen its long-term energy transition strategy while supporting global efforts to lower emissions and improve air quality.
CVX & XOM Focus on Reducing EmissionsOther leading integrated energy giants Chevron Corporation (CVX - Free Report) and Exxon Mobil Corporation (XOM - Free Report) are actively advancing initiatives to improve air quality.
Chevron is reducing emissions by investing in carbon capture, utilization and storage (CCUS) technologies to trap carbon dioxide underground. CVX is increasing its production of renewable fuels, including biodiesel, renewable natural gas and hydrogen, to help reduce emissions.
Like BP, ExxonMobil has established its own low carbon solutions business. Through this division, XOM is building large-scale CCS facilities along the U.S. Gulf Coast, a vital energy-producing corridor, to safely capture and isolate industrial emissions.
BP’s Price Performance, Valuation & EstimatesBP shares have gained 42.7% over the past year compared with the 44.5% growth of the industry.
Image Source: Zacks Investment Research
From a valuation standpoint, BP trades at a trailing 12-month enterprise-value-to-EBITDA (EV/EBITDA) of 3.11X. This is below the broader industry average of 6.42X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BP's 2026 earnings has been unchanged over the past seven days.
Image Source: Zacks Investment Research
BP currently carries Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
There haven't been any official news releases by Rivian Automotive (RIVN +7.85%) this week, yet the stock has been soaring. That's because the company has been communicating directly with R2 reservation holders, helping to build buzz for its launch.
Rivian stock has risen 25% over the last month as investors anticipate the launch of its R2 electric SUV. That includes an 11% move higher this week, as of Friday morning, according to data provided by S&P Global Market Intelligence.
Image source: Rivian Automotive.
Rivian's future starts next week Rivian has had a relatively successful start-up as an electric vehicle (EV) company. While EV demand growth has slowed, several EV makers have throttled production plans or even exited the market. Rivian, however, has maintained its slow-and-steady path toward the launch of its next-generation R2.
After delivering over 40,000 EVs last year, the company expects the lower price and more advanced technologies to propel the R2 into the mass market. Management expects to sell closer to 65,000 units this year. The inflection point is next week, on June 9, when invitations for orders are sent to reservation holders, demo drives begin, and the initial R2s are delivered to customers.
Today's Change
(
7.85
%) $
1.22
Current Price
$
16.76
Investors wanting to get in ahead of the first sales data reports have been driving the stock higher. Rivian is still a speculative stock, as the company won't be profitable this year. Its valuation, based on 2026 revenue expectations, isn't excessive, however. A forward price-to-sales ratio of about 3 has some long-term investors willing to speculate on the R2's success.
Howard Smith has positions in Rivian Automotive. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Rivian (RIVN +7.85%) is making big moves. For example, it has increased capacity at its Georgia plant to 300,000 vehicles. It got another $1 billion in cash from key partner Volkswagen. And it provided employees with the first batch of its new, mass-market focused R2 trucks. The R2 could be a make-or-break product for the company.
Rivian is at a pivotal point in its development Rivian started with high-end trucks, which proved it could build electric vehicles at scale. It has also generated a gross profit, proving that it can sell its trucks for more than it costs to build them. However, the scale of the business needs to expand if the company hopes to turn sustainably profitable. Ramping up production is the big goal with the R2, which costs less than the high-end R1 truck already in production.
Image source: Rivian.
Essentially, the company needs to spread its operating costs over more vehicles. This is the same path Tesla (TSLA +1.65%) took to become sustainably profitable. Rivian has strong backers, including Volkswagen, and ample cash, noting that it expects to receive the first advance on a $4.5 billion loan from the U.S. government in early 2027. The R2 is coming to market, and Rivian will have plenty of financial leeway to see the effort through.
Rivian's big question mark: Will consumers buy the R2? Rivian's stock has fallen roughly 90% from its post IPO highs. Investor enthusiasm for the EV sector has cooled off, noting that every major auto company is now playing in the space. Competition is more fierce than it was when Tesla built its business. So it is reasonable that Wall Street is taking a show-me attitude with Rivian.
Today's Change
(
7.85
%) $
1.22
Current Price
$
16.76
That said, the company has executed very well as a business. And it could be on the brink of an important business change. It all depends on how well the R2 is received. If consumers buy the new truck, Rivian could turn into a millionaire-making stock. If consumers don't buy the R2, well, Rivian's future will be cloudy, at best.
Most investors should probably wait for early R2 sales results When you step back and look at the big picture, Rivian is a high-risk start-up. Only the most aggressive investors should probably buy it. Most investors should adopt the same show-me attitude that the market has taken. However, if you are adventurous and believe the R2 will be a success, buying now before sales figures for the new truck roll in will likely maximize your upside.
Between tariffs, geopolitical conflict, and shifting views on psychedelic drugs and cannabis, investors have had no shortage of uncertainty to weigh. But one thing the Trump administration has been abundantly clear about, it is its distaste for carbon mitigation efforts, including renewable energy and electric vehicles (EVs).
Even though they were originally scheduled to run through 2032, the federal clean vehicle credits were terminated for vehicles acquired after Sept. 30, 2025. Without the tax incentive—which saved consumers $7,500 for new EVs and $4,000 for used EVs—sales have stalled.
Get Tesla alerts:
According to Cox Automotive, in the first quarter of 2026, EV sales were down 27% year over year (YOY). In the fourth quarter of 2025, they were down 36% YOY.
However, around the world, EV adoption rates continue to climb and the future of transportation remains electrified.
Globally, 25% of all new car sales were electric or hybrid last year, with Pew Research Center finding figures as high as 97% in Norway, 71% in Denmark, and 68% in Nepal. In the world’s largest economies, the United States is the laggard at 10%, while China and Germany boasted sales of 53% and 30%, respectively.
Just like the global EV market itself, three major companies operating in the space are each showing disparities that investors should keep on their radar: Rivian NASDAQ: RIVN, Lucid Group NASDAQ: LCID, and Tesla NASDAQ: TSLA.
Despite Clawing Back, Rivian Lacks the Charge to Rival Its All-Time HighRivian Automotive Today
RIVN
Rivian Automotive
$16.76 +1.22 (+7.85%)
As of 04:00 PM Eastern
52-Week Range$11.57▼
$22.69Price Target$18.57
Since its year-to-date (YTD) low on May 19, Irvine, California-based Rivian has seen its stock rally about 40%.
But shares of RIVN remain down about 12% YTD and have lost more than 86% since their post-IPO all-time high.
Much of that can be attributable to the company still not operating at a profit.
Last year, Rivian had a net loss of $3.6 billion. Scaling production has dramatically outpaced the company’s revenue growth, but that gap is closing.
A Q1 2026 loss of $416 million shows a dramatic 64% improvement from the company’s seven-quarter high loss of $1.17 billion in Q3 FY2025. The first quarter, however, was helped by a $506 million gain in other income.
The company is still grappling with declining sales in the wake of the discontinuation of EV credits, as well as elevated fixed costs associated with building factories for forthcoming mass-market models. But the biggest hindrance to Rivian’s success remains its global footprint—or lack thereof.
Outside of its limited electric delivery van deliveries, which are used by Amazon NASDAQ: AMZN in select European cities, the company currently only sells models in the United States (excluding Alaska) and Canada. Rivian owners who import vehicles into markets outside the company’s current service footprint through grey-market channels may be responsible for shipping them back to North America for warranty repairs or service at their own expense.
The company’s mixed earnings haven’t exactly helped investor sentiment, either. Rivian has missed analyst expectations in three of the last seven quarters, despite revenue beating forecast in all but one of those quarters. Combined with an annual cash burn rate projected to reach as high as $5 billion this year, Wall Street’s outlook is tempered.
The stock receives a consensus Hold rating alongside an average 12-month price target that suggests about 7% upside from current prices.
Rivian Automotive, Inc. (RIVN) Price Chart for Friday, June, 12, 2026
Lucid’s Price Point Keeps Budget-Conscious From CommittingLucid Group Today
$5.20 +0.03 (+0.58%)
As of 04:00 PM Eastern
52-Week Range$4.47▼
$33.70Price Target$9.67
Another California-based carmaker, Lucid, shares some of the same problems as Rivian.
Unlike Rivian, however, the luxury EV manufacturer does have a notable footprint outside the United States, including markets in Canada, Europe, and the Middle East, with plans to expand in the United Kingdom and into Australia.
But with MSRPs ranging from around $70,000 to more than $250,000, sales have suffered as cost-conscious consumers turn to more affordable electric options, with Lucid struggling to expand its market share.
While deliveries continue to grow those numbers pale in comparison to more dominant EV brands. Lucid delivered 3,093 vehicles in Q1 2026, with Interim CEO Marc Winterhoff noting that the company had "the highest March deliveries in Lucid history, up 14% year-over-year." For comparison, Tesla delivered 1.63 million vehicles globally in 2025.
Lucid is also unprofitable. Last year, the company reported a net loss of $3.68 billion—its highest 2021—with a Q1 loss of $1.13 billion showing its burn rate is on pace with last year’s. In the 18 quarters since its July 2021 IPO, the company has missed analyst earnings expectations in all but three quarters.
With shares are down nearly 50% YTD and almost 75% over the past year, it’s hardly surprising that the stock receives a consensus Reduce rating. However, the consensus price target does suggest more than 80% potential upside.
Lucid Group, Inc. (LCID) Price Chart for Friday, June, 12, 2026
Tesla Is Quietly Making a Run at Its All-Time HighTesla Today
$406.43 +7.28 (+1.82%)
As of 04:00 PM Eastern
52-Week Range$288.77▼
$498.83P/E Ratio372.87
Price Target$404.37
In the well-documented lead-up to SpaceX’s IPO, Elon Musk-led Tesla’s more than 20% gain from its YTD low in early April has been somewhat overshadowed.
The Magnificent Seven member now finds itself down less than 13% from its all-time high in December 2025, as sales in Europe have rebounded.
Despite having officially lost its title as the world’s largest battery-electric vehicle seller to its Chinese counterpart BYD Limited OTCMKTS: BYDDF, 2025 marked the sixth consecutive year of profitability for Tesla.
That trend has carried into this year, with Q1 net income of $477 million up nearly 17% YOY. Driving that was YOY revenue growth of nearly 16%, while EPS increased more than 8%.
Challenges remain for the $1.57 trillion market cap company. As Chinese competition continues to test Tesla’s global market share, margin contraction is creating pricing pressure. But, as is often the case, Musk proponents—and Tesla shareholders—focus on longer-term objectives, including the Robotaxi rollout and continued growth in Full Self-Driving subscriptions, which reached nearly 1.3 million in Q1.
Wall Street is proceeding with caution, though. The stock receives a consensus Hold rating, and its average 12-month price target is more than 5% lower than where shares are trading today.
Tesla, Inc. (TSLA) Price Chart for Friday, June, 12, 2026
Should You Invest $1,000 in Tesla Right Now?Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
SpaceX's initial public offering is now officially imminent. Its final pricing is expected on June 11, with public trading to begin on June 12. The latest word is that the company aims to raise $75 billion by selling 555.6 million shares at $135 apiece, implying a corporate valuation of $1.75 trillion.
That would make it the biggest IPO ever in terms of the total amount of money raised, and in terms of market capitalization at the time the public offering is made. Indeed, that valuation would instantaneously make SpaceX the world's ninth biggest publicly traded company, right behind Broadcom, and just ahead of Elon Musk's other company, Tesla.
Almost needless to say, expectations are high.
This begs the question: What were the biggest U.S.-listed initial public offerings up until this point, and how did they perform out of the gate?
Ride-hailing outfit Uber Technologies (UBER 1.01%) arguably waited just a little too long to go public. While the company was still satisfied with its result in early 2019, insiders were disappointed with a final price that came in nearer the bottom of its suggested price range. Had it happened just a few months earlier -- when the hype surrounding the company was stronger -- Uber might have fared better.
Things worked out better in the long run for its earliest shareholders, though, letting them in at a lower price in front of a 58% gain since its IPO.
UBER data by YCharts.
Uber shares were losing ground shortly after the initial hype faded, but before the onset of the COVID-19 pandemic in early 2020 brought the world to a screeching halt, including companies' businesses. We'll never know for sure if the capitulation in March 2020 was caused by the contagion, or if it was going to happen anyway.
Contrary to a common assumption, the AT&T Wireless of the early 2000s isn't really the AT&T (T +2.52%) of today. In fact, AT&T Wireless was technically a spinoff from AT&T that would go on to be acquired by Cingular in 2004. Cingular was part of SBC Communications, which would also eventually acquire the rest of AT&T anyway, and use the familiar name as an umbrella for all of its businesses. It's also been through several evolutions in the meantime, including the acquisition and eventual sale of DirecTV, as well as the purchase and exit of entertainment giant Time Warner.
That's why any lookback at this stock's post-IPO performance would be meaningless. Making it even more meaningless is the fact that it happened right at the beginning of the tech-wreck of 2000. It wasn't a publicly traded outfit long enough to really matter.
Image source: Getty Images.
For what it's worth, though, AT&T Wireless' IPO was still record-breaking at the time.
Although it happened smack-dab in the middle of the coronavirus contagion, that was actually a brilliant time for electric vehicle up-and-comer Rivian Automotive (RIVN +7.85%) to go public. Interest in stocks was high, and investor interest in electric vehicle manufacturers was particularly pronounced.
Unfortunately, that apparent bullishness would implode shortly thereafter. RIVN shares peaked just a few days after the company's IPO, leading into a sell-off that still has this stock valued 77% below its public offering price of $78.
Yes, Deutsche Telekom (DTEGY +0.95%) is a German company serving the German market. It's got strong links to the U.S. market, though, and was very much a U.S. stock when the state-owned telecom carrier went public with a New York Stock Exchange (NYSE) listing in November 1996. The company is still the majority owner of American wireless powerhouse T-Mobile, and is currently even exploring the prospect of a full-blown merger of the two wireless outfits.
The NYSE listing of this ADR (American depositary receipt), created in conjunction with its listing in Germany, has since been downgraded to an over-the-counter -- or OTC -- issue. The stock hasn't performed particularly well since tumbling during, and because of, the dot-com meltdown of 2000.
DTEGY data by YCharts.
There's no denying that it had a very strong start, even if it was fueled by the unsustainably bullish hype that was starting to firm up in the latter half of the 1990s.
It's true! The General Motors (GM +0.80%) of today has only been publicly traded since late 2010. There's some important context to remember. The old General Motors went bankrupt in 2009, forcing a reorganization that led to the creation of brand new shares.
Regardless, at the time of their public debut, their sale represented the stock market's largest-ever fundraising.
They've performed pretty well in the meantime, too. Although they ran into a headwind in early 2011 that would linger into and through most of 2012, shares are now up a little over 150% since then. That's pretty impressive for an automobile maker.
Meta Platforms (META 0.14%) -- back when it was still just Facebook -- tells one of the market's most cautionary tales about insisting on buying newly minted stocks as soon as you can. It tumbled right out of the gate, falling more than 50% over the course of the 18 weeks following its May 2012 public offering.
META data by YCharts.
Granted, it's since gone on to gain more than 1,600% from its public offering price, clearly paying off for patient shareholders.
Visa IPO date: March 19, 2008
Amount raised: $19.1 billion
Initial valuation: $39 billion
Although it's been around seemingly forever, credit card payment network giant Visa (V +0.93%) has only been publicly traded since early 2008. It's done very well during this 18-year stretch, surging immediately after its shares began trading on the NYSE.
V data by YCharts.
Now look more closely at the chart above. While it rallied right out of the gate and is well up for the entirety of its existence, less than three months after its IPO, it was down more than 50% from its post-IPO peak.
Even so, at the time, its public offering broke U.S. fundraising records.
Finally, add China's e-commerce powerhouse Alibaba (BABA +0.02%) to the list of the biggest-ever U.S. public offerings. At a total of $25 billion raised, it's still technically the biggest, in fact, even if that title is doomed by the looming SpaceX IPO.
Like most of the other names on -- and not on -- this list, BABA stock got a pretty good start as a publicly traded equity. However, also like most other well-watched IPOs, this one rolled over about a month after its public offering. A little over a year later, shares were down by more than half of their post-IPO high, falling under their public offering price in the process.
BABA data by YCharts.
The stock's obviously overcome this early setback in the meantime, although it's been a spectacularly wild ride.
The takeaway There are arguably some names missing from this list, like Saudi Aramco, SoftBank, NTT Mobile, and Enel SpA, just to name a few. These tickers are largely excluded because these companies' primary stock listings aren't in the United States, or these names were -- and are -- of little interest to most U.S. investors.
The same underlying patterns that apply to the tickers discussed above apply to them, however, just as they're likely to apply to the upcoming IPO of SpaceX stock. That's a whole lot of bullish interest shortly after the stock starts trading, followed by a prolonged period of weakness rooted in the reality that these stocks' early valuations don't make a whole lot of sense. There was simply too much hype doing too much work early on.
Still, there's no denying that most of these sizable, high-profile public offerings ended up panning out nicely for patient early shareholders.
The world of automaker stocks offers investors choices between long-established names and fast-growing upstarts. Investors looking for exposure to the changing automotive landscape must decide between legacy reliability and high-growth potential when choosing between Ford Motor (F +0.88%) and Rivian Automotive (RIVN +7.85%) for their portfolios.
Ford Motor operates as a global powerhouse with a massive internal combustion engine business while it pivots toward electrification and software services. Rivian Automotive is a pure-play electric vehicle manufacturer focused on premium consumer trucks and commercial delivery vans. They represent two different paths within the same evolving market for transportation and energy.
The case for Ford MotorFord Motor builds a wide range of vehicles, from iconic F-150 trucks to Lincoln luxury cars, targeting both retail consumers and commercial fleets. The company maintains a leading position among consumer discretionary stocks due to its massive scale and historical brand recognition. Its business strategy focuses on three distinct pillars: traditional gasoline vehicles, commercial solutions, and a rapidly expanding electric vehicle segment.
In FY 2025, revenue reached nearly $187.3 billion, representing modest 1.2% growth from the previous year. Despite the high top-line figure, the company reported a net loss of approximately $8.2 billion for the period. This resulted in a negative net margin of roughly 4.4%, which is a metric that measures how much of each dollar earned becomes actual profit after all expenses.
As of its December 2025 balance sheet, the debt-to-equity ratio is approximately 4.7x, meaning total debt is more than four times larger than shareholder equity. The current ratio, which measures the ability to cover short-term liabilities with assets that can be converted to cash quickly, stands at nearly 1.1x. For the full year, the company generated close to $12.5 billion in free cash flow, the cash remaining after operating costs and capital investments.
The case for Rivian AutomotiveRivian Automotive produces high-end electric trucks and SUVs designed for outdoor adventure alongside its commercial electric delivery vans. A significant portion of its commercial business depends on Amazon.com, Inc. (AMZN 1.24%), which holds approximately 12.7% of the company's voting power as of December 2025. This customer concentration means the loss of business from its primary partner could have a material adverse effect on its long-term financial stability.
During FY 2025, revenue reached nearly $5.4 billion, reflecting growth of roughly 8.4% as the company scaled its manufacturing operations. However, the business recorded a net loss of approximately $3.6 billion, resulting in a negative net margin of roughly 67.7%. While still in the red, this was an improvement over the negative 95.5% net margin reported in the previous fiscal year.
According to its December 2025 balance sheet, the company has a debt-to-equity ratio of approximately 1.5x, calculated by dividing total debt by shareholders’ equity. Its current ratio is roughly 2.3x, suggesting a comfortable cushion for meeting short-term financial obligations with liquid assets. Free cash flow for the year was negative $2.5 billion, as the company continues to invest heavily in its production facilities and new vehicle platforms.
Risk profile comparisonFord Motor faces significant pressure from the high cost of raw materials and battery components needed to achieve its electrification goals. The company remains under intense scrutiny from regulators like the NHTSA, which has imposed civil penalties and oversight related to safety recalls. Furthermore, competition from Chinese manufacturers and established rivals in the global market creates a risk that its market share could erode in key regions.
Rivian Automotive relies heavily on its relationship with Amazon for a large percentage of its revenue, yet the partner has no minimum purchase requirements. The company also faces challenges in scaling manufacturing at its Illinois factory, where production levels have historically remained below full capacity. Additionally, its reliance on a joint venture with Volkswagen for software development means any failure to integrate these complex systems could delay vehicle launches.
Valuation comparisonFord Motor offers a significantly lower entry point based on future earnings estimates and sales compared to its younger electric rival.
MetricFord MotorRivian AutomotiveSector BenchmarkForward P/E9.0x39.8x29.5xP/S ratio0.3x3.8xn/aSector benchmark uses the SPDR XLY sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Which stock would I buy in 2026?It’s harder to see two more different automaker stocks to choose from, but both have some positive similarities. For one, each has sizable annual sales. That’s notable given how many EV automakers came to the stock market with no sales or minimal revenue since 2020. Each are U.S. based businesses which helps with taxes and market positioning in the U.S., the second-largest car market in the world, after China. Both Ford and Rivian also continue to post excellent scores on consumer perception of their respective brands and for quality.
Ford does have some advantages over Rivian. For one, Ford has long established itself in mainland China, the world’s largest automotive market. Ford’s China sales, including exports, topped $900 million in 2025. Ford is also a well-established name in Europe, another of the world’s major car markets. The business also has massive scale, with revenue more than 35 times that of Rivian. That gives Ford the cash flow to make major moves in the marketplace if it wants, such as buying minority positions in foreign automakers, something it has done to good effect in the past.
Yet investors seeking long-term profits in the automotive sector may be better served by investing in Rivian. Despite policy efforts to promote combustion engines in the U.S., EVs continue to grow as a share of the market. EVs accounted for ~8% of all auto sales domestically last year, nearly double from four years prior. Outside the U.S., EVs are expected to account for one of every four autos sold worldwide this year. Rivian doesn’t yet sell outside the U.S. and Canada, but it’s fertile ground for expansion.
Ford, meanwhile, has to balance maintaining its existing combustion engine business with funding the expansion of its toehold in EVs. It’s not always easy, as seen in the company’s recent decision to mothball its electric F-150 model.
While Rivian is still unprofitable, its cash burn has slowed significantly in recent years, and the business has more cash on its balance sheet than debt. Its distinctive truck offerings and sterling brand positioning as the other American EV maker, an alternative to the controversial Elon Musk-led Tesla Inc (TSLA +1.65%), give it a clear brand identity in consumers’ minds.
Rivian’s price-to-sales multiple of 3.8 is a pricey premium for an upstart car brand, but the market’s discount pricing of Ford, with its P/S of well less than 1x, is a red flag on how Wall Street views the company’s long-term growth prospects.
IRVINE, Calif.--(BUSINESS WIRE)--American automaker and technology company Rivian (NASDAQ: RIVN) today announced the first public customer deliveries of the all-new R2 mid-size SUV. In preparation of these external deliveries, R2 vehicles have been rolling off the production line at the company's Normal, Illinois manufacturing facility as Rivian employees started taking delivery in April. Also beginning today, Rivian is extending invitations to order for existing R2 reservation holders on a rolling basis.
R2—a mid-size electric SUV that brings Rivian's design, performance and technology to a significantly broader audience—was first unveiled on March 7, 2024, in Laguna Beach, California. Almost two years later and after multiple lifetimes of mileage accumulation, testing and validation across the most demanding climates and terrain in North America, R2 is meeting its first public customers.
Deliveries begin with R2 Performance with Launch Package (starting at $57,9901) with R2 Premium configurations to follow in late 2026 and multiple R2 Standard configurations through 2027.
"I am really proud of the work our team poured into creating R2," said RJ Scaringe, Founder and CEO of Rivian. "This vehicle reflects the passion and excitement of the entire Rivian team who have worked tirelessly to bring it to life. I can't wait for customers to experience this vehicle."
A Journey Years in the Making
Following its unveiling, R2 entered an intensive multi-year development and validation program. Across the program, every R2 in Rivian's development fleet accumulated tens of thousands of miles from coast to coast. Engineering teams validated R2 in temperatures and conditions from scorching deserts to frozen tundras, ranging from -45°F (-43°C) to 122°F (50°C) across extremely challenging terrains.
R2 is built on an all-new mid-size platform engineered for a more accessible price point without compromising on capability. At nearly 2,000 lbs lighter than R1 and sitting on a shorter 115.6-inch wheelbase, R2 is responsive and maneuverable in urban environments while retaining Rivian's off-road DNA, with 9.6 inches of class-leading ground clearance, a 25° approach angle and a 26° departure angle.
Thoughtfully designed, R2 features a spacious interior with 40.9 inches of front headroom, 40.4 inches of rear legroom, and a 40/20/40 folding rear seat for hauling long items like skis or lumber. With 90.1 cubic feet of total storage (with seats folded down) spanning from front trunk to the rear cargo area, passengers can pack up to five large suitcases, three backpacks, a stroller and more.
Orders Start Today
Beginning today, R2 reservation holders will start to receive an invitation to configure and order in rolling batches. Customers will receive their invitation based on a variety of factors, the primary factors being when the reservation was made and their delivery location. Current Rivian owners will receive accelerated delivery timing, balanced alongside deliveries to non-owners to keep the line moving for everyone. Customers with a lease that ends soon can enter expiring lease information in their Rivian account, and that information will be considered where possible.
Once a customer receives an invitation, they will be able to select their trim, color, wheels and interior and confirm their order through their Rivian account. By the end of June, all reservation holders will receive an estimate of when they can expect their order invitation.
The first vehicle available to order is R2 Performance with Launch Package starting at $57,9904. This comes with Autonomy+ included3 featuring Universal Hands-Free assisted driving across 3.5 million miles of roads in the U.S. and Canada. Performance with Launch Package will also offer:
Dual-motor all-wheel drive producing 656 horsepower and 609 lb-ft of torque 0–60 mph in as quick as 3.6 seconds2 An EPA-estimated range of up to 330 miles2 Semi-active suspension (unique to Performance trim) Exclusive option of Launch Green exterior color (paid upgrade) Special Rivian Green anodized key fob Tow Package with an integrated 2-inch hitch receiver and 4,400 pounds of towing capacity R2 Premium trim will arrive in late 2026 starting at $53,9904. R2 Standard trim begins in early 2027 with RWD Long Range starting at $48,4904. An additional R2 Standard version will arrive in Summer 2027 starting at $44,9904. If a customer prefers to wait for a future R2 version, they will be notified as they become available to order. Once an order is confirmed, customers can take delivery within 2–6 weeks.
Designed for the Road Ahead
R2 marks an evolution in software-defined vehicles, built to evolve, pairing an AI-ready architecture with 5G connectivity, the most powerful infotainment compute in a consumer vehicle in North America, and tactile haptic controls. Its multi-modal perception stack with 11 HDR cameras totaling 65MP and a five-radar system sets a new bar for sensory fidelity. This foundation powers an expanding suite of driver assistance and active safety features designed for a drive that feels as advanced as it operates, and a vehicle that gets smarter with every over-the-air update.
Autonomy Platform: Every R2 Performance with Launch Package includes Autonomy+ ($2,500 value). This means R2 with Launch Package will receive future features added to the Autonomy+ platform at no extra cost. For all other trims, Autonomy+ hardware comes standard with an included 60-day trial, after which the service is optional at $49.99/month or a $2,500 one-time fee. This system brings L2+ hands-free assisted driving to 3.5 million miles of roads across the U.S. and Canada via Universal Hands-Free, with a limited rollout of Point-to-Point driving coming to R2 and R1 Gen 2 fleet later this year, followed by widespread rollout in 2027. AI Powerhouse: R2 is outfitted with 200 sparse TOPS of edge AI compute dedicated to the in-cabin experience. This includes enabling the Rivian Assistant (launching on R2 later this summer), Rivian’s in-vehicle voice assistant that understands you, your vehicle and your context—to smoothly run complex tasks locally on the edge, even if the vehicle is offline. Haptic Halo Wheels: At the center of the R2 driving experience is a redesigned steering wheel featuring haptic 'halo' dials. These dynamic and context-aware controls—capable of scrolling, pushing, pulling and tilting—provide distinct physical responses for multiple functions, bridging the gap between digital software and tactile hardware to keep the driver’s focus on the horizon. Both the physical wheels and underlying haptic technology were designed in-house. Dual Digital Displays: R2 offers flexibility and control with two displays—a driver display in front of the steering wheel for more utility on the road, and the center display for a deeper dive into navigation and infotainment. Software Updates: Rivian builds vertically-integrated hardware and software, enabling your vehicle to gain meaningful updates via software right from your driveway. R2 evolves this vertically integrated approach with a new, streamlined electrical architecture that delivers more capability with less complexity, providing ample headroom for the future. Assembled in America
R2 comes to life on an all-new, dedicated line at Rivian's Normal, Illinois manufacturing facility, home to the R1S and R1T. The R2 program supports thousands of jobs in Central Illinois and represents the next chapter of Rivian's growing U.S. manufacturing footprint. Rivian is constructing a second manufacturing facility in Stanton Springs, Georgia, which is expected to begin assembling vehicles in late 2028. In its initial phase, this state-of-the-art facility will provide up to 300,000 units annually in new capacity for R2, the company’s upcoming robotaxi platform, as well as future models and variants.
R2 reservations remain open with a $100 refundable deposit. To learn more and/or to reserve R2, visit https://rivian.com/r2.
1 Prices shown do not include all applicable taxes and fees.
2 Actual vehicle capability will depend on selected options and trim. Torque, horsepower, and acceleration timing estimates vary based on battery, tire, drive modes, vehicle load and weather. Official EPA values are noted. The EPA estimates range through a series of standardized lab tests that mimic real world conditions. Factors including tires, drive modes, HVAC settings and accessories can all have an impact on range. 0-60 acceleration in 3.6 seconds (with 21” wheel), 50-70 mph in as quick as 1.55 seconds and 656 horsepower available with R2 Performance.
3 Autonomy+ features may vary based on vehicle model and hardware. Autonomy+ product features remain available during the lifetime of feature support for the hardware on the vehicle at delivery. Driver assistance features support the driver but do not replace their judgment or the need to remain attentive and in control of the vehicle at all times. Universal Hands-Free will not stop or slow down for traffic lights or stop signs.
4 R2 trims and pricing noted in this press release are for USA-market vehicles. More information on Canadian-spec vehicles, packages and pricing will come closer to market launch in Canada. Prices shown do not include all applicable taxes and fees.
About Rivian
Rivian (NASDAQ: RIVN) is an American automotive technology company that develops and manufactures category-defining electric vehicles as well as vertically integrated technologies and services. Through innovation across its electrical architecture, end-to-end software, autonomous driving platform, artificial intelligence and propulsion, the company creates vehicles that excel at work and play while accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are manufactured in the United States and are sold directly to consumer and commercial customers. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come.
Learn more about the company, products, and careers at www.rivian.com.
PARK CITY, Utah — Rivian CEO RJ Scaringe is energetic as he makes his way through displays for the electric vehicle maker's new R2 SUV.
The company founder moves quickly from the EV's suspension and software systems to different models of the R2 that will soon begin to reach American consumers, including a roughly $45,000 entry-level model that Rivian said Tuesday is being pulled ahead from late 2027 to next summer.
But there's an anxiousness in Scaringe's voice as he talks to employees and media at the R2 launch event in western Utah and prepares to release the vehicle, starting Tuesday for current reservation holders, to the world.
Scaringe founded the EV maker in 2009. He has grown Rivian into a company with a $22 billion market cap that ranked highest in Consumer Reports' most recent customer satisfaction survey, but lowest in predictive industry reliability due to consumer-reported problems with its early vehicles.
That's unusual for an automotive brand. Typically, the more problems a brand has, the lower its customer satisfactions rank — but not Rivian.
It's a testament to the brand Scaringe, a 43-year-old automotive enthusiast and tech entrepreneur, has built. That kind of customer satisfaction is also harder to maintain as a brand grows, which is Rivian's goal with the R2.
watch now
The new SUV is meant to transform Rivian from a niche EV manufacturer that sells luxury vehicles — largely in California and states where electric vehicles sell well — to a more mainstream brand that can not only compete against U.S. EV leader Tesla but with broader mainstream automotive brands such as Jeep and Subaru.
"Its goal is for it to be a high-volume product," Scaringe told CNBC. "Certainly, we're going to draw on some Tesla customers, but the market of non-Tesla customers is many, many times larger."
Wall Street analysts have described the R2 as Rivian's make-or-break moment, comparable to Tesla moving from its pricey, first-generation EVs to the mainstream Model 3 and Model Y that currently dominate the U.S. market.
Scaringe doesn't object to such a categorization.
"When you build a company from scratch, everything is make or break. There is no company if things don't work," he said. "Saying that it's 'make or break,' it's like, of course, it is."
Shares of Rivian were down by about 5% during intraday trading Tuesday following the new timing announcement for the entry-level model as well as expert reviews being released for the R2, which were largely positive.
Rivian R2 will be cash-flow positiveRivian is also hoping to achieve its main goal with the R2: profitability. The EV maker lost $3.6 billion last year, while only delivering 42,247 vehicles.
After promising investors it would be profitable on an adjusted basis by 2027, Rivian earlier this year withdrew that target without disclosing a new time frame to achieve the milestone. That comes as its automotive segment lost about $6,000 per vehicle it delivered during the first quarter of this year.
Scaringe reconfirmed to CNBC that Rivian now expects to accomplish the target once a multibillion-dollar plant in Georgia ramps up. It's slated to begin production in late 2028 and could reach its full capacity by the end of this decade.
Scaringe said Rivian will reach profitability on a per-unit production basis with the R2 this year. But he said the company needs more scale than the 160,000 units already planned for the vehicle at its current plant in Normal, Illinois, to achieve profitability.
"Georgia brings the volume to generate the gross margin for the vehicle sales that covers everything," Scaringe said. "The good news is we start to really reduce our burn rate. That's the beauty of volume, and these vehicles all being cash flow positive at a vehicle level."
Once the Georgia plant is fully operational, the company's production is expected to include the R1T pickup, R1 and R2 SUVs, R3 crossover, robotaxis and delivery vans. The company also has said it plans to offer additional vehicles based on the R2 platform.
Despite the R2 looking similar to its nearly $80,000 R1S SUV, Rivian said it has cut the vehicle's build material costs in half, reduced production complexity and achieved other major efficiency gains.
Scaringe said every R2 model — with starting prices ranging from roughly $45,000 to $58,000 — will be cash-flow positive for the company: "This is a requirement. Every single vehicle is gross margin positive," he said.
That positive cash flow includes its $45,000 entry-level model that the company moved up after facing online backlash for the timing.
Scaringe during a media roundtable said the change was made to address potential perception concerns about the R2 being a more expensive vehicle as well as a "desire to get it out there."
"As much as the base trim gets a lot of attention, very few people actually end up buying it," Scaringe said. "It doesn't affect the economics of the business that much, but it generates so much noise."
Tesla Model Y leads salesOnce full production of R2 is online, Scaringe said, the company expects the sweet spot for sales to be in the low $50,000s, which Cox Automotive reports would put it slightly above the U.S. average selling price of $49,000 and below the average EV selling price of more than $55,000.
That pricing and the vehicle's size place it in the heart of the compact and mid-size SUV markets, which Cox Automotive reports accounted for 45% of U.S. sales last year.
For EVs especially, the Tesla Model Y dominates in the U.S. Cox Automotive estimates Tesla, which does not report sales by region, sold more than 357,500 Model Y units, or roughly 40% of the U.S. EV market, in 2025.
"I think it'll do well. Rivian has a strong brand and there's room for another compelling vehicle, especially in that midsize segment," said Stephanie Valdez Streaty, director of industry insights at Cox Automotive, which is an investor in Rivian. "It's not just EV, they're going to try to compete and pull from [internal combustion engine] vehicles as well."
Rivian stock in 2026
Challenges for Rivian remain abundant, Valdez said. In addition to slower-than-expected EV adoption and lack of charging infrastructure, the company also needs to prove it can ramp up production quickly without quality issues.
Of the non-EVs in the segments, the Toyota Rav4 and Honda CR-V lead the compact SUV segment, while the larger Ford Explorer and Jeep Grand Cherokee lead midsize SUVs.
"We want people to look and just say ... 'it's the best car in that price range,' and by virtue of that, it'll draw new customers, non-EV customers," Scaringe said.
To do so, Scaringe believes, Rivian will also need to become a leader in software and in-vehicle technologies such as automated driving and artificial intelligence.
Rivian received outside validation for its emerging technology efforts in the form of a $5.8 billion deal with Volkswagen that includes putting Rivian's software and electrical architecture in the German automaker's future EVs.
Volkswagen is now Rivian's largest shareholder, followed by longtime backer Amazon, which remains its largest customer for delivery vehicles.
The R2 will launch with an advanced driver-assistance system, or ADAS, that will largely control itself under certain conditions with driver monitoring, but it will not have an AI voice assistant until later this year. Both systems will continue to be updated through over-the-air updates, according to Rivian.
Scaringe said he views the company's emerging software services as being just as important as the vehicles.
"You need them both. It's like asking is the heart or the brain more important in a human. You can't survive without both," Scaringe said. "It's a false binary. I don't see them as separate."
Read more CNBC auto newsMercedes-Benz may be shut out of U.S. market under bill aimed at Chinese automaker ownershipAfter Ferrari Luce backlash, Lamborghini CEO says canceling its own EV was the right choiceUAW union strike threatens General Motors truck production
American automaker and technology company Rivian (NASDAQ: RIVN) today announced the first public customer deliveries of the all-new R2 mid-size SUV. In preparation of these external deliveries, R2 vehicles have been rolling off the production line at the company's Normal, Illinois manufacturing facility as Rivian employees started taking delivery in April. Also beginning today, Rivian is extending invitations to order for existing R2 reservation holders on a rolling basis.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260609965893/en/
Rivian R2 midsize SUV
R2—a mid-size electric SUV that brings Rivian's design, performance and technology to a significantly broader audience—was first unveiled on March 7, 2024, in Laguna Beach, California. Almost two years later and after multiple lifetimes of mileage accumulation, testing and validation across the most demanding climates and terrain in North America, R2 is meeting its first public customers.
Deliveries begin with R2 Performance with Launch Package (starting at $57,9901) with R2 Premium configurations to follow in late 2026 and multiple R2 Standard configurations through 2027.
"I am really proud of the work our team poured into creating R2," said RJ Scaringe, Founder and CEO of Rivian. "This vehicle reflects the passion and excitement of the entire Rivian team who have worked tirelessly to bring it to life. I can't wait for customers to experience this vehicle."
A Journey Years in the Making
Following its unveiling, R2 entered an intensive multi-year development and validation program. Across the program, every R2 in Rivian's development fleet accumulated tens of thousands of miles from coast to coast. Engineering teams validated R2 in temperatures and conditions from scorching deserts to frozen tundras, ranging from -45°F (-43°C) to 122°F (50°C) across extremely challenging terrains.
R2 is built on an all-new mid-size platform engineered for a more accessible price point without compromising on capability. At nearly 2,000 lbs lighter than R1 and sitting on a shorter 115.6-inch wheelbase, R2 is responsive and maneuverable in urban environments while retaining Rivian's off-road DNA, with 9.6 inches of class-leading ground clearance, a 25° approach angle and a 26° departure angle.
Thoughtfully designed, R2 features a spacious interior with 40.9 inches of front headroom, 40.4 inches of rear legroom, and a 40/20/40 folding rear seat for hauling long items like skis or lumber. With 90.1 cubic feet of total storage (with seats folded down) spanning from front trunk to the rear cargo area, passengers can pack up to five large suitcases, three backpacks, a stroller and more.
Orders Start Today
Beginning today, R2 reservation holders will start to receive an invitation to configure and order in rolling batches. Customers will receive their invitation based on a variety of factors, the primary factors being when the reservation was made and their delivery location. Current Rivian owners will receive accelerated delivery timing, balanced alongside deliveries to non-owners to keep the line moving for everyone. Customers with a lease that ends soon can enter expiring lease information in their Rivian account, and that information will be considered where possible.
Once a customer receives an invitation, they will be able to select their trim, color, wheels and interior and confirm their order through their Rivian account. By the end of June, all reservation holders will receive an estimate of when they can expect their order invitation.
The first vehicle available to order is R2 Performance with Launch Package starting at $57,9904. This comes with Autonomy+ included3 featuring Universal Hands-Free assisted driving across 3.5 million miles of roads in the U.S. and Canada. Performance with Launch Package will also offer:
Dual-motor all-wheel drive producing 656 horsepower and 609 lb-ft of torque 0–60 mph in as quick as 3.6 seconds2 An EPA-estimated range of up to 330 miles2 Semi-active suspension (unique to Performance trim) Exclusive option of Launch Green exterior color (paid upgrade) Special Rivian Green anodized key fob Tow Package with an integrated 2-inch hitch receiver and 4,400 pounds of towing capacity R2 Premium trim will arrive in late 2026 starting at $53,9904. R2 Standard trim begins in early 2027 with RWD Long Range starting at $48,4904. An additional R2 Standard version will arrive in Summer 2027 starting at $44,9904. If a customer prefers to wait for a future R2 version, they will be notified as they become available to order. Once an order is confirmed, customers can take delivery within 2–6 weeks.
Designed for the Road Ahead
R2 marks an evolution in software-defined vehicles, built to evolve, pairing an AI-ready architecture with 5G connectivity, the most powerful infotainment compute in a consumer vehicle in North America, and tactile haptic controls. Its multi-modal perception stack with 11 HDR cameras totaling 65MP and a five-radar system sets a new bar for sensory fidelity. This foundation powers an expanding suite of driver assistance and active safety features designed for a drive that feels as advanced as it operates, and a vehicle that gets smarter with every over-the-air update.
Autonomy Platform: Every R2 Performance with Launch Package includes Autonomy ($2,500 value). This means R2 with Launch Package will receive future features added to the Autonomy+ platform at no extra cost. For all other trims, Autonomy+ hardware comes standard with an included 60-day trial, after which the service is optional at $49.99/month or a $2,500 one-time fee. This system brings L2+ hands-free assisted driving to 3.5 million miles of roads across the U.S. and Canada via Universal Hands-Free, with a limited rollout of Point-to-Point driving coming to R2 and R1 Gen 2 fleet later this year, followed by widespread rollout in 2027. AI Powerhouse: R2 is outfitted with 200 sparse TOPS of edge AI compute dedicated to the in-cabin experience. This includes enabling the Rivian Assistant (launching on R2 later this summer), Rivian’s in-vehicle voice assistant that understands you, your vehicle and your context—to smoothly run complex tasks locally on the edge, even if the vehicle is offline. Haptic Halo Wheels: At the center of the R2 driving experience is a redesigned steering wheel featuring haptic 'halo' dials. These dynamic and context-aware controls—capable of scrolling, pushing, pulling and tilting—provide distinct physical responses for multiple functions, bridging the gap between digital software and tactile hardware to keep the driver’s focus on the horizon. Both the physical wheels and underlying haptic technology were designed in-house. Dual Digital Displays: R2 offers flexibility and control with two displays—a driver display in front of the steering wheel for more utility on the road, and the center display for a deeper dive into navigation and infotainment. Software Updates: Rivian builds vertically-integrated hardware and software, enabling your vehicle to gain meaningful updates via software right from your driveway. R2 evolves this vertically integrated approach with a new, streamlined electrical architecture that delivers more capability with less complexity, providing ample headroom for the future. Assembled in America
R2 comes to life on an all-new, dedicated line at Rivian's Normal, Illinois manufacturing facility, home to the R1S and R1T. The R2 program supports thousands of jobs in Central Illinois and represents the next chapter of Rivian's growing U.S. manufacturing footprint. Rivian is constructing a second manufacturing facility in Stanton Springs, Georgia, which is expected to begin assembling vehicles in late 2028. In its initial phase, this state-of-the-art facility will provide up to 300,000 units annually in new capacity for R2, the company’s upcoming robotaxi platform, as well as future models and variants.
R2 reservations remain open with a $100 refundable deposit. To learn more and/or to reserve R2, visit https://rivian.com/r2.
1 Prices shown do not include all applicable taxes and fees.
2 Actual vehicle capability will depend on selected options and trim. Torque, horsepower, and acceleration timing estimates vary based on battery, tire, drive modes, vehicle load and weather. Official EPA values are noted. The EPA estimates range through a series of standardized lab tests that mimic real world conditions. Factors including tires, drive modes, HVAC settings and accessories can all have an impact on range. 0-60 acceleration in 3.6 seconds (with 21” wheel), 50-70 mph in as quick as 1.55 seconds and 656 horsepower available with R2 Performance.
3 Autonomy+ features may vary based on vehicle model and hardware. Autonomy+ product features remain available during the lifetime of feature support for the hardware on the vehicle at delivery. Driver assistance features support the driver but do not replace their judgment or the need to remain attentive and in control of the vehicle at all times. Universal Hands-Free will not stop or slow down for traffic lights or stop signs.
4 R2 trims and pricing noted in this press release are for USA-market vehicles. More information on Canadian-spec vehicles, packages and pricing will come closer to market launch in Canada. Prices shown do not include all applicable taxes and fees.
About Rivian
Rivian (NASDAQ: RIVN) is an American automotive technology company that develops and manufactures category-defining electric vehicles as well as vertically integrated technologies and services. Through innovation across its electrical architecture, end-to-end software, autonomous driving platform, artificial intelligence and propulsion, the company creates vehicles that excel at work and play while accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are manufactured in the United States and are sold directly to consumer and commercial customers. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come.
Learn more about the company, products, and careers at www.rivian.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260609965893/en/
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
EVs
The Model 3 Era at Rivian Begins. Its Lower-Price EV Is Here.
Rivian R2 SUVs go through the final assembly and inspection process at the manufacturer's assembly plant on May 19, 2026, in Normal, Illinois. (Scott Olson/Getty Images)
Rivian Automotive RIVN shares fell about 4% on Tuesday after the electric vehicle maker began delivering its new R2 midsize SUV to retail customers.
Rivian said the first customer vehicles are being shipped from its manufacturing facility in Normal, Illinois. The launch follows employee deliveries earlier this year and marks the company's expansion beyond its higher-priced R1 vehicle family.
The initial rollout centers on the R2 Performance model with the Launch Package, priced from $57,990. Rivian plans to introduce Premium versions later in 2026, while lower-priced Standard trims are expected to arrive in 2027.
Rivian said the R2 was developed on a dedicated midsize platform aimed at a broader customer base. The vehicle offers up to 330 miles of estimated driving range and includes the company's Autonomy+ driver-assistance system, which supports hands-free driving on eligible roads in the U.S. and Canada.
Customer deliveries for the R2 SUV begin Tuesday Summary
Rivian launched the R2 SUV targeting Tesla and mainstream brands.
Rivian RIVN began customer deliveries of its R2 SUV on Tuesday, as the company attempts to move from a niche luxury EV maker into a higher-volume mainstream segment competing with Tesla TSLA and broader brands like Jeep and Subaru. The company also pulled forward its entry-level $45,000 model from late 2027 to next summer, after facing online backlash over the original timing. Shares fell 4.87% intraday.
The R2 will be priced from roughly $45,000 to $58,000, with CEO RJ Scaringe saying the sweet spot for sales will be in the low $50,000s, placing it below the average EV selling price of more than $55,000 and above the U.S. average of $49,000. Scaringe said every R2 model will be cash-flow positive at a vehicle level, calling it "a requirement."
Profitability at scale remains contingent on the company's Georgia plant, slated to begin production in late 2028. Rivian lost $3.6 billion last year delivering 42,247 vehicles and withdrew its 2027 adjusted profitability target earlier this year without providing a new timeline. Scaringe reconfirmed that the Georgia ramp is when gross margin profitability becomes achievable.
Rivian began officially handing over the first R2 SUVs to paying customers on Tuesday, marking the beginning of a new chapter for the buzzy all-electric automaker as it tries to reach mass-market scale.
Rivian founder and CEO RJ Scaringe has said the R2 is “maybe the most important thing we’ve launched to date,” and it’s particularly crucial to the company’s ambitions in the world of autonomous vehicles.
Starting at around $58,000, the R2 takes a lot of what Rivian did with the R1 SUV and shrinks it down into a more approachable and affordable form factor. The company plans to offer a version of the R2 for less than $50,000, beginning in 2027. An even more stripped-down model will be available “around $45,000” later that year — making good on a price point Rivian has teased since it revealed the R2 in 2024.
The company is looking to ramp up both production and deliveries of the R2 through the second half of 2026. And Rivian is planning on the R2 being very successful from the jump: The company has said it will deliver between 20,000 and 25,000 R2 SUVs by the end of the year. If it accomplishes that feat, Rivian’s R2 would be one of the fastest-scaling EV launches in U.S. history.
From there, Rivian wants to build and sell hundreds of thousands of R2 SUVs per year. The company has begun production at its factory in Normal, Illinois, and is building a new factory in Georgia that will come online in late 2028.
The R2 arrives at an inflection point for electric vehicles in America. The Trump administration has weakened environmental regulations that put pressure on the auto industry to move away from gas engines. Congress also did away with a $7,500 federal tax credit that made new electric cars more affordable. Most of the legacy automakers have shelved or canceled plans for EVs in the U.S. Even industry leader Tesla’s sales are declining.
But sales of EVs are on the rise elsewhere around the world, and China is pumping out ultra-cheap sedans and crossovers that have some countries clamoring to bring them ashore. Earlier this year, Canada dramatically reduced its import tax on Chinese-made EVs in an attempt to fight climbing new car prices.
Scaringe has painted this environment as an opportunity for his company. With fewer new EVs on the market in the U.S., the R2 has a chance to become one of the most compelling options available, he’s reasoned in recent interviews.
Rivian is also pinning a lot of promises about autonomy on the R2. In December, the company laid out its vision for increasing the SUV’s autonomous capabilities over the next few years, and Rivian expects the R2 to eventually be able to drive itself. In March, Uber struck a deal with Rivian worth up to $1.25 billion that would allow as many as 40,000 R2 models to be used as robotaxis on the ride-hailing giant’s network.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.
Rivian (NASDAQ:RIVN | RIVN Price Prediction) and Lucid (NASDAQ:LCID) just gave us two very different EV stories. Rivian’s Q1 FY26 showed a real business taking shape, with software pulling weight while the R2 launch begins. Lucid’s Q4 FY25 revealed an unfinished luxury bet still burning cash faster than it can sell cars.
Software Saves Rivian. Luxury Still Costs Lucid Rivian delivered 10,365 vehicles last quarter, a 20% YoY gain, and posted $1.381 billion in revenue. The story underneath matters more. Automotive revenue slipped 2% YoY to $908 million as regulatory credits fell by $100 million, yet Software and Services grew 49% to $473 million, fueled by the Volkswagen joint venture. That is a real second engine.
Lucid sold 5,345 vehicles and grew revenue 122.39% YoY to $522.73 million, but cost of revenue hit $944.64 million. Building a Lucid Air or Gravity still costs nearly twice what it earns. The EPS loss of -$3.08 missed estimates by 42.81%, and free cash flow was -$1.24 billion in a single quarter. Shareholders’ equity collapsed from $3.87 billion to $717 million over the year.
Mass Market Truck Maker vs. Luxury Holdout CEO RJ Scaringe framed the moment plainly: “With the launch of R2, we are excited to dramatically expand our market opportunity and have more people driving Rivians.” The R2 starts near $45,000 with a bill of materials around 50% of R1, and Uber committed up to $1.25 billion for as many as 50,000 robotaxi R2s. A $4.5 billion DOE loan backs the Georgia plant.
Lucid’s interim CEO Marc Winterhoff took a humbler tone: “2025 was all about execution and strategy adjustment to set Lucid up for long-term success.” The Midsize platform begins production this year, the NVIDIA and Uber/Nuro robotaxi deal targets 20,000 Gravity units, and Saudi PIF expanded its facility to roughly $2 billion. Useful lifelines, but the unit economics need to change.
Business Driver Rivian Lucid Growth Engine Software, VW JV Gravity SUV ramp Gross Profit $119M positive Deeply negative Tone From the Top Expansion Discipline What I’m Watching Through 2026 Rivian guided to 62,000 to 67,000 deliveries with adjusted EBITDA between -$2.10 billion and -$1.80 billion. I want to see R2 conversion from R1 shoppers and whether the VW software stream keeps compounding.
Lucid targets 25,000 to 27,000 vehicles, and I am watching unit cost per Gravity above all else. Reddit sentiment captured the divergence neatly, with RIVN flipping from very bearish to bullish 76 to 78.
Why I Lean Toward Rivian Today If you want a credible path to scale, Rivian fits me better right now. Positive consolidated gross profit, $4.83 billion in cash, and a mass-market product entering showrooms beats a story still searching for unit economics.
Lucid could reward a patient turnaround investor if Midsize lands and robotaxis deploy on time, but with shares down 75.99% over a year and a Polymarket bankruptcy odds line still at 4%, the margin for error is thin. I would change my view on Lucid the moment cost of revenue dips below revenue. Until then, Rivian’s quarter reads like a company. Lucid’s reads like a project.
For several years, Scaringe has argued that the United States needs more electric vehicles priced under the $50,000 sweet spot to better compete with China.
Scaringe was asked about the U.S. falling behind Europe and China for electric vehicle market share at a media event in early June, as reported by InsideEVs.
"There are sort of two sides, the way you can present what's causing this. So on, as you say, is that customers don't want EVs. I view that as a fairly lazy explanation for what's happening," Scaringe said.
Scaringe said that with two electric vehicles making up 50% of the EV market in the U.S., there could be more explanations.
"I think it's much more the fact that there are very few great choices. And I use the descriptor ‘great' importantly there. I think that's not to say there are no EV choices, but to say that they are great, or highly compelling to the extent that you would move out of an ICE vehicle and move out of a hybrid vehicle, there's just a vacuum of choice."
Scaringe highlights the Model 3 and Model Y from Tesla Inc (NASDAQ:TSLA) as the vehicles that are dominating the U.S. market.
"That's not a reflection of a healthy or well-served market. It's a reflection of a wildly underserved market."
The United States had market share of around 8% for electric vehicles in 2025, compared to 19% in Europe and around 33% in China, according to data shared by InsideEVs.
R2 Launch is Rivian's CatalystThe R2 deliveries for the Performance model began this week for a vehicle with a starting price of $57,990. That price is cheaper than the $58,880 starting price for the comparative Model Y version.
Rivian also has the Premium model and standard model coming in late 2026 and 2027 with starting price points of $53,990 and $48,490 respectively.
“With the launch of R2, we are excited to dramatically expand our market opportunity and have more people driving Rivians,” Scaringe previously said.
The CEO noted that the R2 offers "the magic of what is a Rivian at that higher price and puts it into a slightly smaller package." With a lower starting price, Scaringe hopes to increase Rivian's potential customer base "dramatically."
Rivian is guiding for 62,000 to 67,000 vehicle deliveries in 2026.
The company is working to increase its production, with a goal of 300,000 units annually by 2028.
Rivian Stock Price ActionRivian stock is down 1.4% to $15.50 on Wednesday versus a 52-week trading range of $11.57 to $22.69. Rivian stock is down 20.1% year-to-date in 2026.
Photo courtesy: Thrive Studios ID / Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
Rivian Automotive (RIVN - Free Report) closed at $14.77 in the latest trading session, marking a -6.13% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 1.62%. Elsewhere, the Dow saw a downswing of 1.87%, while the tech-heavy Nasdaq depreciated by 1.98%.
The a manufacturer of motor vehicles and passenger cars's shares have seen an increase of 12.76% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 4.7% and the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Rivian Automotive in its upcoming release. The company is predicted to post an EPS of -$0.66, indicating a 17.5% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.44 billion, up 10.34% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$2.41 per share and revenue of $7.02 billion, which would represent changes of +1.63% and +30.33%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Rivian Automotive. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.24% higher. Currently, Rivian Automotive is carrying a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 182, this industry ranks in the bottom 26% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
One of the big catalysts for Rivian (RIVN +7.85%) this year was the launch of its smaller R2 electric SUV. However, with the company beginning deliveries, the stock has pulled back after a nice spring rally.
The first version of the R2 will come with its Performance with Launch Package and be priced starting at $57,990. It will be followed later this year with the R2 Premium trim, priced at $53,900, and the R2 Standard Long Range trim, starting at $48,490, in early 2027. Finally, its much-anticipated base version will arrive in the summer of 2027, starting at $44,990.
Thus far, the R2 has gotten some pretty rave reviews from automobile publications. Ars Technica said the R2 "changes the electric vehicle (EV) game" and that it's superior to the Tesla Model Y. Electrek added that the vehicle offered everything people need to upgrade from the Model Y. Inside EV author Mack Hogan, meanwhile, said that "the R2 is the do-everything machine I've always dreamed of."
Today's Change
(
7.85
%) $
1.22
Current Price
$
16.76
The R2 is not just simply another new model for Rivian. It is the company's venture into the much broader mid-luxury market, which offers a much larger revenue opportunity. By being able to sell a lot more vehicles, it also spreads its fixed costs over a significantly larger number of units, which will help it vastly improve its gross margins.
While it will take time, a successful launch of the R2 is an important step in the company ultimately becoming profitable and generating free cash flow. Rivian has already done a great job of lowering production costs through better sourcing, manufacturing efficiencies, and, most importantly, developing a zonal architecture that greatly reduces the number of expensive electronic control units (ECUs) and wiring that go into its SUVs.
Image source: The Motley Fool.
At the same time, the company is aggressively pursuing autonomous-driving software, which brings high gross margins with it. The company has been making nice progress in this area through a joint venture with Volkswagen, and it plans to offer point-to-point driving capabilities by the end of 2026. Its software is also scheduled to be included in Uber Technologies' robotaxi pilots with safety drivers in Miami and San Francisco later this year, and it is looking to reach full autonomy by 2028.
While Rivian is still a speculative play, the company continues to move in the right direction and is backed by some market heavyweights, including Volkswagen and Amazon. That makes it worth adding a small position on this recent dip.
Geoffrey Seiler has positions in Amazon. The Motley Fool has positions in and recommends Amazon, Tesla, and Uber Technologies. The Motley Fool has a disclosure policy.
By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Rivian started deliveries of its R2 SUV on Tuesday. Jay Janner/The Austin American-Statesman via Getty Images Rivian's CEO said he didn't want his latest R2 to look like the Tesla Model Y — for numerous reasons.
In a "Masters of Scale" interview released on Thursday, CEO RJ Scaringe spoke about Rivian's latest R2 SUV, which is its cheapest electric car yet. Rivian started deliveries of the car on Tuesday.
Scaringe mentioned two main reasons the R2 looks and feels nothing like the other affordable EV option in the US, Tesla's Model Y.
The first was what he called an "extreme lack of choice" for EVs under $50,000 in the US. He said Tesla's Model Y and Model 3 make up the bulk of the EV market in the country, which he said was a "reflection of a market that's wildly underserved."
Scaringe said that while Tesla's models are "great vehicles," customers need choices.
"Not everyone is going to want that exact shape, that exact form factor, that exact look. And so Rivian can do a part in that," he said.
The second reason he brought up was that he wanted R2 to be its own product. He said he's seen other players fail while competing with Tesla, by making "Model Y copies" instead of "having deep conviction around building a product that's linked to your brand."
"And the unfortunate thing about that is, if you want to buy a Tesla Model Y, you don't want XYZ company's version of a Model Y. You'll just get the Model Y," he added.
Scaringe previously told Business Insider that the R2 EV would be Rivian's "inflection point," shaping the brand's future. There are three versions of the car: "Standard," "Premium," and "Performance."
According to the automaker's website, only the "Performance" version, starting at $57,990, is now being delivered. The $44,990 "Standard" version will start delivery in 2027, while the $53,990 "Premium" will arrive later this year.
Read next
Aditi Bharade You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Rivian Automotive stock is among today’s top performers. Why is RIVN stock surging? What Is Driving Rivian’s R2 Launch Narrative?Rivian CEO RJ Scaringe is pushing back on the idea that Americans are "anti-EV," arguing instead that the U.S. market has "very few great choices," with Tesla Inc’s Model 3 and Model Y making up about 50% of U.S. EV sales. Rivian began customer deliveries of the highly anticipated R2 SUV on Tuesday, with the Performance model starting at $57,990 versus a comparable Model Y starting at $58,880.
With the R2 lineup, Rivian also expects Premium and standard versions later in 2026 and 2027, starting at $53,990 and $48,490, respectively. Management is guiding for 62,000 to 67,000 vehicle deliveries in 2026 and is targeting 300,000 units of annual production by 2028.
Rivian Stock: Key Technical Levels To WatchRivian is trading at $16.53, which puts it firmly back above its major moving averages—about 7.7% above the 20-day SMA ($15.36) and about 5.9% above the 200-day SMA ($15.62)—a constructive longer-term positioning signal if it can hold. That said, the trend backdrop still carries some baggage: the 20-day SMA remains below the 50-day SMA, and the death cross (50-day below 200-day) that formed in May is still in place.
Momentum is best framed through RSI, which sits at 49.70—basically neutral—suggesting the stock isn't stretched and is still more "range and rebuild" than "breakout and chase." Historically, RSI hit oversold in January and overbought in June, so a push back toward the June swing high would likely require RSI to re-accelerate rather than just drift.
From a levels standpoint, traders will likely treat nearby round numbers as the next decision points:
Key Resistance: $18.00 — a nearby round-number area where rebounds can stall Key Support: $14.50 — a nearby level where buyers previously stepped in What Is Rivian Automotive’s Business Model?Rivian is a battery electric vehicle automaker that sells its vehicles in the US and Canada, and it's trying to scale from a premium niche into a broader mass-market footprint. It also develops electronic control units and related software for autos in a joint venture with Volkswagen, giving it another lever beyond just vehicle sales.
The company's fleet includes a luxury truck and full-size SUV and a delivery van, and it plans to begin selling a midsize SUV in 2026, making the R2 ramp central to the "volume story" investors are trading. Rivian delivered over 42,000 vehicles in 2025 and is also building autonomous driving software intended for its own vehicles and for robotaxis on the Uber ride-hailing network.
Rivian Stock Price Action: Friday UpdateRIVN Stock Price Activity: Rivian Automotive shares were up 6.37% at $16.53 at the time of publication on Friday, according to Benzinga Pro data.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Fourth Quarter 2025 Revenue Exceeds Guidance
Strategic Alternatives Review Process Progressing In-Line with Stated Plan
WALTHAM, Mass., March 16, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension,” “Nano,” or the “Company”), a leader in digital manufacturing solutions, today announced that it will host a conference call and webcast to discuss its fourth quarter and full year 2025 financial results on Tuesday, March 31, 2026 at 4:30 p.m. ET. Nano also announced that it filed a Form 12b-25 with the SEC related to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The Company expects to file its Form 10-K within the 15-day extension period permitted under SEC rules and does not anticipate that there will be any restatement of its previously issued financial statements.
In January 2026, the Company disclosed preliminary financial information for the fourth quarter of 2025. Based on the work completed to date, management believes the financial results remain materially consistent with prior disclosure. Based on preliminary, unaudited results, fourth quarter 2025 revenue is expected to be approximately $35.3 million, exceeding prior guidance of $31.5 million to $33.5 million.
Strategic Alternatives Review Process
Nano’s Board of Directors continues to advance its previously announced strategic alternatives review process. This process is progressing in-line with the Company’s stated plan and remains focused on evaluating all options to maximize shareholder value. The Company will be providing additional updates on this process during its upcoming earnings call.
Material Weakness Disclosed in Form 12b-25 Will Not Impact Financial Statements
As disclosed in the Form 12b-25, management identified a material weakness in internal control over financial reporting primarily related to resource limitations impacting accounting for and disclosure of business combinations and related valuation analyses. Management has not identified any errors in previously issued financial statements, has no indication that any restatement will be required, and believes that its 2025 results are materially correct. Management is actively implementing measures to strengthen its controls.
Form 10-K Filing and Earnings Release Timing Reflects 2025 Acquisitions and Reporting Transition
As of January 1, 2026, Nano Dimension transitioned to U.S. domestic issuer reporting obligations after no longer qualifying as a foreign private issuer. This transition shortened the annual reporting deadline from 119 days to 75 days, significantly accelerating the timeline for the Company’s first U.S. domestic Form 10-K filing. Additional work is required to finalize reporting and disclosures for the Company’s 2025 acquisitions of Desktop Metal and Markforged. These efforts are aimed at ensuring accurate, complete, and transparent disclosure.
Fourth Quarter and Full Year 2025 Financial Results Conference Call
Nano Dimension will host a conference call and webcast to discuss its fourth quarter and full year 2025 financial results.
Conference Call Information
Date: Tuesday, March 31, 2026
Time: 4:30 p.m. ET
Pre-Registration Link for Dial-In Access
Participants can pre-register for the conference call here in order to receive dial in information.
Dial-In Access
Those unable to pre-register may join the call by dialing:
U.S. Dial-in: 1-844-695-5517
International Dial-in: 1-412-902-6751
Israel Toll Free: 1-80-9212373
Access via Webcast
The conference call will be broadcast live (listen only) and can be replayed shortly after the conclusion of the call via the webcast at https://event.choruscall.com/mediaframe/webcast.html?webcastid=1YPvoqSL
Participants are advised to log in at least 10 minutes prior to the call.
About Nano Dimension Ltd.
Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension Ltd. (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices.
For more information, please visit https://www.nano-di.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano’s future growth, the expected timing of the filing of its Form 10-K, its expected financial results, its strategic alternatives review process, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication.
Full-Year 2025 revenue of $102.4 million, a 77.3% increase over the prior-year period
Company Continues to Drive Meaningful Cost Reductions
Company Issues Full Year 2026 Financial Guidance
Strategic Alternatives Review Advancing with Clear Path Forward Expected in Q2
WALTHAM, Mass., March 31, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”), a leader in digital manufacturing solutions, today announced financial results for the fourth quarter and full year ended December 31, 2025.
The consolidated results incorporate the financial position and performance of Markforged Holding Corporation (“Markforged”) from the acquisition date of April 25, 2025. Desktop Metal, Inc. (“Desktop Metal”) was acquired by the Company on April 2, 2025. The results of Desktop Metal from April 2, 2025 through July 28, 2025 as well as impairment charges related to the Desktop Metal assets and the costs associated with the bankruptcy and deconsolidation are included in Discontinued Operations on the Consolidated Statement of Operations.
Fourth Quarter 2025 Results:
Revenue: $35.3 million, a 142.4% increase from $14.6 million year-over-yearGross Margin (“GM”): 37.7%, up from 32.9% year-over-yearAdjusted Gross Margin (“Adjusted GM”): 49.7%, up from 36.3% year-over-yearAdjusted EBITDA loss: $9.8 million, down from a loss of $18.9 million year-over-yearNet Loss from Continuing Operations: $33.9 million, up from a loss of $9.3 million year-over-yearTotal cash, cash equivalents, deposits and marketable equity securities: $459.6 million as of December 31, 2025, down from $515.5 million as of September 30, 2025. This change of approximately $55.9 million includes $19.8 million of cash used for share repurchases during the quarter and $24.4 million related to changes in the fair value of marketable equity securities.
Full Year 2025 Results:
Revenue: $102.4 million, a 77.3% increase from $57.8 million year-over-yearGM: 33.5%, down from 43.1% year-over-yearAdjusted GM: 46.9%, up from 45.4% year-over-yearAdjusted EBITDA loss: $53.2 million, down from a loss of $63.6 million year-over-yearNet Loss from Continuing Operations: $100.4 million, up from a loss of $99.9 million year-over-year
More information, including a reconciliation of Adjusted EBITDA and Adjusted Gross Margin to the most directly comparable GAAP financial measure can be found below in this press release under “Non-GAAP Financial Measures” and “Reconciliation of US GAAP to Non-GAAP Measures.”
David Stehlin, Chief Executive Officer, commented, “We delivered a strong finish to 2025, exceeding our fourth-quarter top and bottom line financial guidance. As we move through 2026, we are building on this momentum by continuing to drive operational discipline, reduce our cost structure and lower cash burn across the business. Our focus remains on executing these actions to create value for our shareholders.”
Recent Developments
Operating Discipline and Cost Savings: During 2025, the Company made meaningful progress driving cost savings by streamlining operations and focusing resources on priority industry segments and products. Non-GAAP operating expenses* declined sequentially in the fourth quarter to $27.3 million, representing a reduction of more than 16% relative to the previously identified baseline of approximately $32.5 million, which reflects second quarter 2025 operating expenses adjusted to include a full quarter of Markforged. This reduction highlights the substantial execution of the Company’s previously announced cost reduction initiatives, with the full benefits expected to be realized in early 2026. The Company continues to evaluate additional opportunities to enhance operational performance and believes these initiatives position it to drive improved operating leverage over time.Re-domestication and U.S. Reporting Transition: Effective January 1, 2026, Nano Dimension began reporting as a U.S. domestic issuer. The Company filed its Form 10-K today and anticipates completing the re-domestication process in the first half of 2026, subject to customary approvals. This transition aligns the Company’s reporting and governance framework with U.S. market standards while enhancing transparency for shareholders.Share Repurchases and Capital Allocation: During 2025, the Company remained disciplined in capital allocation while preserving balance sheet strength and strategic flexibility. In the fourth quarter, the Company repurchased approximately 10.9 million shares for approximately $19.2 million under its existing $150 million authorization. Given the ongoing strategic alternatives review process, the Board is carefully evaluating capital deployment priorities and will not be providing forward-looking updates regarding repurchase activity at this time.Strategic Alternatives Review: The Board, with the support of Guggenheim Securities, LLC and Houlihan Lokey, has conducted a thorough and disciplined review of strategic alternatives, evaluating product lines, core technologies, market dynamics and competitive positioning. The Company has made meaningful progress, including reducing losses and improving its product portfolio, while recognizing that a gap remains to achieving sustained profitability. Nano Dimension expects to announce a series of actions in the second quarter of 2026 to clearly define its path forward to maximizing shareholder value. * More information, including a reconciliation of non-GAAP operating expenses to the most directly comparable GAAP financial measure can be found below in this press release under “Non-GAAP Financial Measures” and “Reconciliation of US GAAP to Non-GAAP Measures.”
2026 Financial Guidance
Following improved visibility exiting 2025 and continued integration of Markforged, the Company is implementing annual financial guidance beginning in 2026 to better reflect the mix of recurring revenue and larger strategic orders that can create quarterly variability.
For the full year 2026, the Company anticipates revenue in the range of $130 million to $140 million, non-GAAP gross margin of 46% to 48%, non-GAAP operating expenses of $106 million to $111 million and Adjusted EBITDA loss in the range of $40 million to $50 million.
Non-GAAP gross margin, non-GAAP operating expenses and Adjusted EBITDA represent non-GAAP financial measures. Additional information can be found below in this press release under “Non-GAAP Financial Measures.”
Conference Call Today
Nano Dimension will host a conference call today at 4:30 p.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2025.
Participants can pre-register for the conference call in order to receive dial in information via this link: https://dpregister.com/sreg/10206850/10359dca11a
Participants can also dial-in/connect by following the below:
Listen in via U.S. dial-in: 1-844-695-5517
Listen via international dial-in: 1-412-902-6751
Listen via Israel toll free: 1-80-9212373
Listen via webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=1YPvoqSL
For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at https://investors.nano-di.com/events-and-presentations.
About Nano Dimension Ltd.
Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension Ltd. (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit https://www.nano-di.com/.
Non-GAAP Financial Measures
EBITDA is a non-GAAP measure and is defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization. We believe that EBITDA should be useful in evaluating the performance of our business and operations. EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting interest expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively) and EBITDA is useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to the items mentioned above.
Adjusted EBITDA and operating expenses are non-GAAP measures and are defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization, share-based compensation expense, exchange rate differences, finance expenses (income) for revaluation of assets and liabilities, Desktop Metal litigation related expenses, Desktop Metal and Markforged transaction related expenses, restructuring costs, impact of deconsolidation, impairment losses, litigation settlements and step-up amortization from purchase accounting. We believe that Adjusted EBITDA and operating expenses, as described above, should also be useful in evaluating the performance of our business. Like EBITDA, Adjusted EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting other financial expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively), as well as from share-based payments, restructuring costs, impairment losses, and step-up amortization from purchase accounting. Adjusted EBITDA and operating expenses are useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to non-cash items, such as expenses related to share-based payments.
Adjusted gross profit, excluding depreciation and amortization, share-based compensation expenses, and step-up amortization from purchase accounting, is a non-GAAP measure. We believe that adjusted gross profit, as described above, should also be useful in evaluating the performance of our business. Adjusted gross profit facilitates gross profit and gross margin comparisons from period to period and company to company by backing out potential differences caused by variations in amortization of inventory and intangible assets. Adjusted gross profit is useful to an investor in evaluating our performance because it enables investors, securities analysts and other interested parties to measure a company’s performance without regard to non-cash items, such as amortization expenses. Adjusted gross margin is calculated by dividing the adjusted gross profit by the revenues.
EBITDA and Adjusted EBITDA, Adjusted gross profit and non-GAAP operating expenses can be useful in evaluating our performance by eliminating the effect of financing and non-cash expenses such as share-based payments, however, we may incur such expenses in the future, which could impact future results. In addition, other companies, including companies in our industry, may calculate non-GAAP metrics differently or not at all, which may reduce the usefulness of this measure as a tool for comparison.
Nano Dimension does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain significant items. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results for the relevant period.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano’s future growth, strategic plan and value to shareholders, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication.
Media: Samuel Manning
Principal Manager, External Communications [email protected]
NANO DIMENSION LTD.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data) (audited)
December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $204,672 $317,169 Bank deposits 168,997 440,790 Marketable equity securities 84,154 — Restricted bank deposits 123 537 Trade receivables, net of allowance for doubtful accounts ($861 and $811, respectively) 26,047 9,141 Inventory 32,878 16,899 Other current assets 8,938 4,790 Total current assets 525,809 789,326 Restricted bank deposits 1,610 768 Marketable equity securities — 86,190 Property, plant and equipment, net 24,840 14,143 Operating lease right-of-use assets 23,789 9,958 Deferred tax assets 424 — Goodwill 40,388 — Intangible assets, net 19,434 2,155 Other assets 1,930 — Total assets $638,224 $902,540 Liabilities and Equity Current liabilities: Trade payables $11,999 $4,249 Accrued liabilities 19,514 18,771 Deferred revenue 11,873 3,523 Current portion of lease liability 8,923 3,421 Current portion of bank loan 158 138 Total current liabilities 52,467 30,102 Employee benefits 3,697 4,700 Operating lease right-of-use liabilities 23,323 6,707 Bank loan 158 276 Long-term settlement payable 2,974 — Long-term deferred revenue 3,617 — Total liabilities 86,236 41,785 Commitments and contingencies Non-controlling interests — 715 Equity: Share capital of NIS 5 par value each; 500,000,000 ordinary shares authorized; 206,811,875 and 215,777,000 shares outstanding as of December 31, 2025 and December 31, 2024, respectively, and 279,306,522 and 273,847,185 shares issued as of December 31, 2025 and December 31, 2024, respectively. 417,084 409,145 Additional paid-in capital 1,297,323 1,297,348 Treasury stock (192,507) (167,651)Accumulated other comprehensive income (loss) 1,048 (1,137)Accumulated loss (970,960) (677,665)Total equity attributable to common shareholders 551,988 860,040 Total equity 551,988 860,755 Total liabilities and equity $638,224 $902,540 NANO DIMENSION LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data) (audited)
For the Year Ended December 31, 2025(1) 2024 2023 Revenue: Product $80,385 $45,557 $47,231 Service 22,052 12,218 9,083 Total revenue 102,437 57,775 56,314 Cost of revenue: Product 57,923 26,308 23,358 Service 10,169 6,578 6,898 Total cost of revenue 68,092 32,886 30,256 Gross profit 34,345 24,889 26,058 Operating expenses: Research and development 30,054 39,558 65,146 Sales and marketing 35,713 27,657 34,258 General and administrative 59,766 45,987 55,973 Restructuring 7,581 — — Desktop Metal litigation 31,046 — — Impairment losses 10,516 1,283 — Operating loss (140,331) (89,596) (129,319)(Loss) gain on investment in marketable equity securities (2,036) (52,256) 23,462 Other (expense) income, net (479) 486 1,627 Finance income 35,400 42,573 47,584 Finance expense (111) (668) (367)Loss before income taxes (107,557) (99,461) (57,013)Income tax benefit (expense) 7,202 (397) (62)Net loss from continuing operations (100,355) (99,858) (57,075)Net loss from discontinued operations, net of income tax of nil (193,263) — — Net loss (293,618) (99,858) (57,075)Less: Net loss attributable to non-controlling interests (323) (1,029) (1,110)Net loss attributable to common shareholders $(293,295) $(98,829) $(55,965) Net loss attributable to common shareholders: Continuing operations - basic and diluted $(0.46) $(0.45) $(0.23)Discontinued operations - basic and diluted $(0.90) $— $— Weighted average common shares outstanding, basic and diluted 215,742 218,311 248,019 Net loss $(293,618) $(99,858) $(57,075)Other comprehensive income (loss): Foreign currency translation adjustment 1,791 (1,944) 2,368 Remeasurement of pension and post-employment benefit plans, net of tax 312 (2,769) (1,920)Comprehensive loss (291,515) (104,571) (56,627)Less: Comprehensive loss attributable to non-controlling interests (323) (1,088) (1,088)Comprehensive loss attributable to common shareholders $(291,192) $(103,483) $(55,539) (1) The results for the year ended December 31, 2025 include the consolidation of Markforged revenue of $54.3 million, gross profit of $13.3 million, and GAAP net loss of $30.0 million.
NANO DIMENSION LTD.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands) (audited)
For the Year Ended December 31, 2025 2024 2023 Cash flow from operating activities Net loss from continuing operations $(100,355) $(99,858) $(57,075)Adjustments: Depreciation, amortization and non-cash lease interest 20,455 2,642 1,972 Impairment losses 10,516 1,350 326 Changes in fair value of equity securities 2,037 52,256 (23,462)Loss from deconsolidation of subsidiaries 1,666 — — Share-based compensation expense 4,930 15,721 22,110 Changes in assets and liabilities: Decrease (increase) in inventory 5,596 387 (340)(Increase) decrease in other current assets (175) 6,078 (5,775)(Increase) decrease in trade receivables (1,535) 2,950 (5,603)Increase in deferred tax assets (7,456) — (11)(Decrease) increase in other payables (9,993) (1,150) 4,856 (Decrease) increase in employee benefits (1,393) (562) (1,478)Increase in trade payables 6,866 47 1,089 Other (1,426) 1,218 (5,266)Net cash used in operating activities (70,267) (18,921) (68,657)Cash flow relating to investing activities Change in bank deposits 270,755 100,530 (189,060)Purchase of property plant and equipment (1,064) (2,196) (9,098)Acquisition of intangible asset — (711) (1,524)Acquisition of subsidiaries, net of cash acquired (267,816) — — Deconsolidation of subsidiaries (476) — — Other — — 835 Net cash from (used in) investing activities 1,399 97,623 (198,847)Cash flow relating to financing activities Repayment long-term bank debt (149) (180) (536)Proceeds from non-controlling interests — 555 1,089 Payment of a liability for contingent consideration in a business combination — — (9,255)Payments of share price protection recognized in business combination — (363) (4,459)Repurchase of treasury shares (24,856) (69,755) (96,387)Net cash used in financing activities (25,005) (69,743) (109,548)Cash flow relating to discontinued operations Net cash used in operating activities (31,017) — — Net cash used in investing activities (437) — — Net cash provided by financing activities 10,009 — — Net cash used in discontinued operations (21,445) — — (Decrease) increase in cash, cash equivalents and restricted cash (115,318) 8,959 (377,052)Effect of exchange rate fluctuations on cash 3,249 (997) 1,292 Cash, cash equivalents and restricted cash at beginning of the year 318,474 310,512 686,272 Cash, cash equivalents and restricted cash at end of the year $206,405 $318,474 $310,512 Supplemental disclosures of cash flow information Cash and cash equivalents $204,672 317,169 309,571 Restricted cash in restricted deposits, current 123 537 60 Restricted cash in restricted deposits, non-current 1,610 768 881 Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $206,405 $318,474 $310,512 Non-cash operating activity Intangible asset acquired on credit — — 711 Property plant and equipment acquired on credit 17 69 214 Lease liabilities arising from obtaining right-of-use assets 1,167 1,275 929 Non-cash investing activity Acquisition replacement awards for pre-combination service 2,055 — — Supplemental disclosure of cash flow information Income taxes paid during the year 115 314 136 NANO DIMENSION LTD.RECONCILIATION OF US GAAP TO NON-GAAP MEASURES(In thousands) Three Months Ended
December 31, Year Ended
December 31, 2025 2024 2025 2024 GAAP Net loss from continuing operations$(33,942) $(9,333)$(100,355) $(99,858)Tax expense (benefit) (7,325) 319 (7,202) 397 Depreciation and amortization 2,407 772 7,433 2,642 Interest expense 543 — 971 — Interest income (4,503) (10,092) (24,636) (42,573)Non-GAAP EBITDA (loss) (42,820) (18,334) (123,789) (139,392)Finance expenses (income) from revaluation of assets and liabilities 24,431 (5,583) 2,056 52,344 Exchange rate differences (2,264) (2,150) (10,764) 485 Share-based payments expense 1,912 3,213 4,930 15,721 Desktop Metal litigation related expenses 138 — 31,046 — Desktop Metal and Markforged transaction related expenses 106 3,010 10,614 6,452 Restructuring costs 532 — 7,581 — Impairment losses 2,110 1,283 10,516 1,283 Acquisition inventory step-up amortization 3,209 — 10,661 — Litigation settlements and contingencies 3,521 — 4,621 — Other non-GAAP (711) (371) (711) (486)Non-GAAP Adjusted EBITDA from continuing operations$(9,836) $(18,932)$(53,239) $(63,593) Three Months Ended
December 31, Year Ended
December 31, Non-GAAP Cost of Revenue2025 2024 2025 2024 GAAP Cost of revenue$21,998 $9,775 $68,092 $32,886 Share-based payments expense 172 228 669 938 Depreciation and amortization 856 266 2,400 374 Acquisition inventory step-up amortization 3,209 — 10,661 — Non-GAAP Cost of revenue $17,761 $9,281 $54,362 $31,574 Three Months Ended
December 31, Year Ended
December 31, Non-GAAP Gross Profit2025 2024 2025 2024 GAAP Gross profit$13,317 $4,794 $34,345 $24,889 Share-based payments expense 172 228 669 938 Depreciation and amortization 856 266 2,400 374 Acquisition inventory step-up amortization 3,209 — 10,661 — Non-GAAP Gross profit $17,554 $5,288 $48,075 $26,201 Three Months Ended
December 31, Year Ended
December 31, Non-GAAP Research and Development Expenses2025 2024 2025 2024 GAAP Research and development expenses$7,466 $9,449 $30,054 $39,558 Share-based payments expense 454 1,215 1,708 6,079 Depreciation and amortization 424 493 1,432 1,355 Non-GAAP Research and development expenses $6,588 $7,741 $26,914 $32,124 Three Months Ended
December 31, Year Ended
December 31, Non-GAAP Sales and Marketing Expenses2025 2024 2025 2024 GAAP Sales and marketing expenses$10,065 $6,504 $35,713 $27,657 Share-based payments expense 208 274 896 1,649 Depreciation and amortization 769 143 2,221 518 Non-GAAP Sales and marketing expenses $9,088 $6,087 $32,596 $25,490 Three Months Ended
December 31, Year Ended
December 31, Non-GAAP General and Administrative Expenses2025 2024 2025 2024 GAAP General and administrative expenses$16,681 $14,743 $59,766 $45,987 Share-based payments expense 1,078 1,496 1,657 7,055 Depreciation and amortization 358 (130) 1,380 395 Desktop Metal and Markforged transaction related expenses 106 3,010 10,614 6,452 Other non-GAAP — — — (115)Litigation settlements and contingencies 3,521 — 4,621 — Non-GAAP General and administrative expenses $11,618 $10,367 $41,494 $32,200 Three Months Ended
December 31, Year Ended
December 31, Non-GAAP Operating Loss2025 2024 2025 2024 GAAP Operating loss$(23,675) $(27,185)$(140,331) $(89,596)Share-based payments expense 1,912 3,213 4,930 15,721 Depreciation and amortization 2,407 772 7,433 2,642 Desktop Metal litigation related expenses 138 — 31,046 — Desktop Metal and Markforged transaction related expenses 106 3,010 10,614 6,452 Restructuring costs 532 — 7,581 — Impairment losses 2,110 1,283 10,516 1,283 Acquisition inventory step-up amortization 3,209 — 10,661 — Litigation settlements and contingencies 3,521 — 4,621 — Other non-GAAP — — — (115)Non-GAAP Operating loss $(9,740) $(18,907) $(52,929) $(63,613)
Nano Dimension is rated a buy with a $2.03 price target, offering ~22% upside as integration of Markforged drives scale. FY 2025 revenue surged 142% YoY to $35.3M, mainly from Markforged; organic growth remains flat, and profitability is still negative. NNDM expects FY 2026 revenue of $130–$140M and aEBITDA loss narrowing to $40–$50M, indicating progress toward breakeven.
Advances Strategic Alternatives Process Intended to Maximize Shareholder Value
Expected to Reduce Annualized Cash Burn by $10 Million
Company to Update 2026 Financial Guidance on First Quarter 2026 Earnings Call
WALTHAM, Mass., April 06, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”) today announced the sale of its additively manufactured electronics (AME) product line and its previously discontinued Fabrica product line to Inspira Technologies OXY B.H.N. Ltd. (Nasdaq: IINN) (“Inspira”).
The total consideration payable to the Company in connection with the transaction is up to $12.5 million, consisting of a $2.0 million upfront cash payment, and up to $10.5 million of deferred payments tied to the future performance of the product lines over the next twelve months. Inspira has assumed operational control of the product lines effective immediately. Completion of the transaction remains subject only to the receipt of customary regulatory approvals.
The Company believes this transaction represents a key step as it advances its previously announced strategic alternatives review process to maximize shareholder value and reflects Nano’s continued focus on optimizing its cost structure, reducing operating complexity and lowering overall cash burn. Following a thorough review of the Company’s asset base, management and the Board of Directors determined that the AME and Fabrica product lines were not aligned with its go forward priorities. The Company expects this transaction to reduce annualized cash burn by approximately $10 million, to strengthen its liquidity and financial flexibility, and to enable greater focus on key strategic initiatives.
David Stehlin, Chief Executive Officer, commented, “Today’s announcement marks the first of a series of steps to maximize shareholder value and builds on the cost reduction actions initiated in the third quarter of 2025. The sale of the AME and Fabrica product lines will lower our operating costs and cash burn while reinforcing financial flexibility, and the deferred consideration structure allows us to participate in potential upside as the product lines perform under Inspira’s ownership.”
Nano Dimension will continue to evaluate strategic alternatives to further maximize shareholder value and provide updates on its strategic alternatives review process as appropriate. The Company will update its 2026 financial guidance on its first quarter 2026 earnings call.
About Nano Dimension Ltd.
Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension Ltd. (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit https://www.nano-di.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano’s future growth, strategic plan and value to shareholders, the expected benefits of the sale of the AME and Fabrica product lines, the reduction in Nano’s annualized cash burn as a result of such sale and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2026, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication.
Shares of Nano Dimension Ltd. (NASDAQ:NNDM – Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.80 and traded as high as $1.85. Nano Dimension shares last traded at $1.79, with a volume of 1,533,030 shares changing hands.
Analysts Set New Price Targets A number of equities research analysts have recently issued reports on NNDM shares. Weiss Ratings restated a “sell (d)” rating on shares of Nano Dimension in a research report on Thursday, January 22nd. Wall Street Zen lowered Nano Dimension from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nano Dimension currently has an average rating of “Sell”.
View Our Latest Analysis on NNDM
Nano Dimension Stock Down 2.7% The business has a 50-day moving average price of $1.80 and a 200-day moving average price of $1.76. The firm has a market capitalization of $372.30 million, a PE ratio of -1.47 and a beta of 0.98.
Nano Dimension (NASDAQ:NNDM – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported ($1.06) EPS for the quarter. Nano Dimension had a negative net margin of 286.32% and a negative return on equity of 12.48%. The business had revenue of $35.32 million during the quarter.
Institutional Inflows and Outflows A number of large investors have recently added to or reduced their stakes in NNDM. Wells Fargo & Company MN lifted its holdings in Nano Dimension by 266.1% in the fourth quarter. Wells Fargo & Company MN now owns 19,113 shares of the technology company’s stock valued at $29,000 after acquiring an additional 13,893 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Nano Dimension by 392.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 19,459 shares of the technology company’s stock valued at $30,000 after acquiring an additional 15,506 shares during the last quarter. Merit Financial Group LLC acquired a new position in Nano Dimension in the fourth quarter valued at approximately $34,000. QRG Capital Management Inc. lifted its holdings in Nano Dimension by 83.1% in the third quarter. QRG Capital Management Inc. now owns 23,544 shares of the technology company’s stock valued at $37,000 after acquiring an additional 10,683 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Nano Dimension in the fourth quarter valued at approximately $42,000. 33.89% of the stock is currently owned by institutional investors and hedge funds.
Nano Dimension Company Profile (Get Free Report)
Nano Dimension Ltd. (NASDAQ: NNDM) is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations.
In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers.
Read More Five stocks we like better than Nano Dimension Receive News & Ratings for Nano Dimension Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nano Dimension and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINECPC Advisors LLC Takes Position in CareTrust REIT, Inc. $CTRE
NEXT HEADLINE »CPC Advisors LLC Takes $3.05 Million Position in Omega Healthcare Investors, Inc. $OHI
Call to Be Held Thursday, May 7, 2026 at 4:30 PM ET
WALTHAM, Mass., April 23, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM), a leader in digital manufacturing solutions, today announced it will host a conference call and webcast to discuss its Q1 2026 financial results for the period ended March 31, 2026.
Conference Call Information
Date: Thursday, May 7, 2026
Time: 4:30 p.m. ET
Pre-Registration Link for Dial-In Access
Participants can pre-register for the conference call here in order to receive dial in information.
Dial-In Access
Those unable to pre-register may join the call by dialing:
U.S. Dial-in: 1-844-695-5517
International Dial-in: 1-412-902-6751
Israel Toll Free: 1-80-9212373
Access via Webcast
The conference call will be broadcast live (listen only) and can be replayed shortly after the conclusion of the call via the webcast at https://event.choruscall.com/mediaframe/webcast.html?webcastid=ZaodVpNh
Participants are advised to log in at least 10 minutes prior to the call.
About Nano Dimension Ltd.
Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension Ltd. (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices.
For more information, please visit https://www.nano-di.com/.
Recent Strategic Actions Expected to Reduce Annualized Cash Burn by Approximately $10 million
Company Executing Three Phase Plan to Maximize Shareholder Value in 2026 and Beyond
Full Year 2026 Guidance Suspended as Strategic Alternatives Process Accelerates
WALTHAM, Mass., May 07, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”), a leader in digital manufacturing solutions, today announced financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Results:
Revenue: $29.7 million, a 106% increase from $14.4 million year-over-yearGross Margin (“GM”): 40.8%, up from 40.6% year-over-yearAdjusted Gross Margin (“Adjusted GM”): 45.9%, up from 43.3% year-over-yearAdjusted EBITDA loss: $12.5 million, up from a loss of $10.1 million year-over-yearNet Loss: $69.7 million, inclusive of $40.4 million of impairment, up from a loss of $25.5 million year-over-yearTotal cash, cash equivalents, deposits, restricted deposits and marketable equity securities: $441.6 million as of March 31, 2026, down from $459.6 million as of December 31, 2025. Adjusted EBITDA and Adjusted Gross Margin are non-GAAP financial measures. More information, including a reconciliation of Adjusted EBITDA and Adjusted Gross Margin to the most directly comparable GAAP financial measure can be found below in this press release under “Non-GAAP Financial Measures” and “Reconciliation of US GAAP to Non-GAAP Measures.”
Recent Developments:
Three Phase Strategic Plan Execution: The Company is executing a defined three phase plan to maximize shareholder value in 2026 and beyond, with each phase already underway. Phase One is focused on streamlining operations and reducing cash burn through efficiency initiatives and disciplined cost management. Phase Two is centered on monetization of product lines to simplify the business and strengthen the balance sheet, including the announced sale of its additively manufactured electronics (“AME”) and Fabrica product lines. Phase Three is focused on evaluating strategic alternatives to maximize long term shareholder value and selecting the most compelling path forward, which remains under review.
David Stehlin, Chief Executive Officer, commented, “The three phases of our strategic plan continue to advance in parallel as we accelerate toward increasing shareholder value. We are streamlining operations, monetizing our product lines, and progressing toward potentially selecting a compelling opportunity in the coming months. We have completed the sale of our AME and Fabrica product lines and expect to announce additional product line monetization in the coming weeks. Together, these actions are expected to reduce complexity, lower annualized cash burn, and further strengthen our financial flexibility. Phase 3 is advancing quickly. After receiving numerous inbound opportunities, we have significantly narrowed our focus and are now reviewing a short list of highly attractive strategic alternatives, which we believe have the potential to deliver significant long term value creation in 2026 and beyond.”
Sale of AME and Fabrica Product Lines: On April 6, 2026, Nano Dimension announced the sale of its AME product line and its previously discontinued Fabrica product lines to Inspira Technologies OXY B.H.N. Ltd. for total consideration of up to $12.5 million, including a $2.0 million upfront cash payment and up to $10.5 million in performance-based deferred payments over the next twelve months. This transaction supports the Company’s efforts to streamline operations and lower its cost structure. The Company expects this transaction to reduce annualized cash burn by approximately $10 million.
2026 Financial Guidance Update
Given the Company’s ongoing actions under its defined strategic plan and the potential for additional changes across the business, the Company has suspended its full year 2026 financial guidance at this time.
This decision reflects the range of outcomes currently being implemented and evaluated, including the timing and scope of potential monetization actions that could materially impact future results.
Conference Call Today
Nano Dimension will host a conference call today at 4:30 p.m. ET to discuss its financial results for the first quarter ended March 31, 2026.
Participants can pre-register for the conference call in order to receive dial in information via this link: https://dpregister.com/sreg/10208731/103e987e1a7
Participants can also dial-in/connect by following the below:
Listen in via U.S. dial-in: 1-844-695-5517
Listen via international dial-in: 1-412-902-6751
Listen via Israel toll free: 1-80-9212373
Listen via webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=ZaodVpNh
For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at https://investors.nano-di.com/events-and-presentations.
About Nano Dimension Ltd.
Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension Ltd. (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit https://www.nano-di.com/.
Non-GAAP Financial Measures
EBITDA is a non-GAAP measure and is defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization. We believe that EBITDA should be useful in evaluating the performance of our business and operations. EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting interest expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively) and EBITDA is useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to the items mentioned above.
Adjusted EBITDA and operating expenses are non-GAAP measures and are defined as earnings before interest income and expense, income tax (benefit) expense, depreciation and amortization, share-based compensation expense, exchange rate differences, finance expenses (income) for revaluation of assets and liabilities, Desktop Metal litigation related expenses, Desktop Metal and Markforged transaction related expenses, restructuring costs, impact of deconsolidation, impairment losses, litigation settlements and step-up amortization from purchase accounting. We believe that Adjusted EBITDA and operating expenses, as described above, should also be useful in evaluating the performance of our business. Like EBITDA, Adjusted EBITDA facilitates operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in capital structures (affecting other financial expenses (income), net), and the age and depreciation charges and amortization of fixed and intangible assets, respectively (affecting relative depreciation and amortization expense, respectively), as well as from share-based payments, restructuring costs, impairment losses, and step-up amortization from purchase accounting. Adjusted EBITDA and operating expenses are useful to an investor in evaluating our operating performance because it is widely used by investors, securities analysts and other interested parties to measure a company’s operating performance without regard to non-cash items, such as expenses related to share-based payments.
Adjusted gross profit, excluding depreciation and amortization, share-based compensation expenses, and step-up amortization from purchase accounting, is a non-GAAP measure. We believe that adjusted gross profit, as described above, should also be useful in evaluating the performance of our business. Adjusted gross profit facilitates gross profit and gross margin comparisons from period to period and company to company by backing out potential differences caused by variations in amortization of inventory and intangible assets. Adjusted gross profit is useful to an investor in evaluating our performance because it enables investors, securities analysts and other interested parties to measure a company’s performance without regard to non-cash items, such as amortization expenses. Adjusted gross margin is calculated by dividing the adjusted gross profit by the revenues.
EBITDA and Adjusted EBITDA, Adjusted gross profit and non-GAAP operating expenses can be useful in evaluating our performance by eliminating the effect of financing and non-cash expenses such as share-based payments, however, we may incur such expenses in the future, which could impact future results. In addition, other companies, including companies in our industry, may calculate non-GAAP metrics differently or not at all, which may reduce the usefulness of this measure as a tool for comparison.
Nano Dimension does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain significant items. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results for the relevant period.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding Nano’s future growth, strategic plan and value to shareholders; the Company’s expectation that the phases of the strategic plan will increase shareholder value, streamline operations, monetize product lines and progress toward potentially selecting a compelling opportunity; the Company’s expectations that it will announce additional product line monetization in the coming weeks; the Company’s expectations in the success of future strategic alternatives in reducing complexity, lowering annualized cash burn, strengthening the Company’s financial flexibility and delivering significant long term value creation in 2026 and beyond; and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2026, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication.
Media: Samuel Manning
Principal Manager, External Communications [email protected]
NANO DIMENSION LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data) (Unaudited)
March 31, December 31, 2026 2025 Assets Current assets: Cash and cash equivalents $355,278 $204,672 Bank deposits 8,781 168,997 Marketable equity securities 75,719 84,154 Restricted bank deposits 594 123 Trade receivables, net of allowance for doubtful accounts ($939 and $861, respectively) 22,700 26,047 Inventory 31,703 32,878 Other current assets 10,622 8,938 Total current assets 505,397 525,809 Restricted bank deposits 1,254 1,610 Property, plant and equipment, net 23,621 24,840 Operating lease right-of-use assets 22,487 23,789 Deferred tax assets 424 424 Goodwill — 40,388 Intangible assets, net 18,313 19,434 Other assets 1,711 1,930 Total assets $573,207 $638,224 Liabilities and Equity Current liabilities: Trade payables $12,974 $11,999 Accrued liabilities 21,083 19,514 Deferred revenue 13,250 11,873 Current portion of lease liability 8,604 8,923 Current portion of bank loan 156 158 Total current liabilities 56,067 52,467 Employee benefits 3,666 3,697 Operating lease right-of-use liabilities 21,563 23,323 Bank loan 117 158 Long-term settlement payable 3,124 2,974 Long-term deferred revenue 3,226 3,617 Total liabilities 87,763 86,236 Commitments and contingencies Equity: Share capital of NIS 5 par value each; 500,000,000 ordinary shares authorized; 207,986,287 and 206,811,875 shares outstanding as of March 31, 2026 and December 31, 2025, respectively, and 280,480,934 and 279,306,522 shares issued as of March 31, 2026 and December 31, 2025, respectively. 418,969 417,084 Additional paid-in capital 1,298,363 1,297,323 Treasury stock (192,507) (192,507)Accumulated other comprehensive income 1,241 1,048 Accumulated loss (1,040,622) (970,960)Total equity 485,444 551,988 Total liabilities and equity $573,207 $638,224 NANO DIMENSION LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data) (Unaudited) Three months ended March 31, 2026(1) 2025 Revenue: Product $22,931 $11,679 Service 6,794 2,722 Total revenue 29,725 14,401 Cost of revenue: Product 14,222 7,081 Service 3,376 1,479 Total cost of revenue 17,598 8,560 Gross profit 12,127 5,841 Operating expenses: Research and development 8,204 5,944 Sales and marketing 9,692 5,644 General and administrative 15,209 5,667 Restructuring 3,127 1,180 Desktop Metal litigation — 28,069 Impairment losses 40,388 1,229 Operating loss (64,493) (41,892)(Loss) gain on investment in marketable equity securities (8,435) 8,726 Finance income 3,512 9,320 Finance expense (246) (1,679)Loss before income taxes (69,662) (25,525)Income tax expense — (23)Net loss (69,662) (25,548)Less: Net loss attributable to non-controlling interests — (236)Net loss attributable to common shareholders $(69,662) $(25,312) Net loss attributable to common shareholders: Basic and diluted $(0.34) $(0.12) Weighted average common shares outstanding, basic and diluted 207,504 216,462 Net loss $(69,662) $(25,548)Other comprehensive income: Foreign currency translation adjustment 193 593 Comprehensive loss (69,469) (24,955)Less: Comprehensive loss attributable to non-controlling interests — (224)Comprehensive loss attributable to common shareholders $(69,469) $(24,731)
(1) The results for the three months ended March 31, 2026 include the consolidation of Markforged revenue of $17.1 million, gross profit of $6.0 million, and GAAP net loss of $50.1 million. NANO DIMENSION LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands) (Unaudited) For the Three Months Ended March 31, 2026 2025 Cash flow from operating activities Net loss $(69,662) $(25,548)Adjustments: Depreciation, amortization and non-cash lease interest 3,701 574 Impairment losses 40,388 1,229 Changes in fair value of equity securities 8,435 (8,726)Share-based compensation expense 2,925 (786)Changes in assets and liabilities: (Increase) decrease in inventory 425 340 (Increase) in other current assets (1,500) (371)Decrease (increase) in trade receivables 3,258 (2,881)Increase (decrease)in other payables 1,609 (4,026)(Decrease) increase in employee benefits (20) 38 Increase in trade payables 1,019 26,362 Other 2,343 6,316 Net cash used in operating activities (7,079) (7,479)Cash flow relating to investing activities Change in bank deposits 157,651 177,395 Purchase of property plant and equipment (167) (295)Net cash from investing activities 157,484 177,100 Cash flow relating to financing activities Repayment long-term bank debt (41) (35)Net cash used in financing activities (41) (35)Increase in cash, cash equivalents and restricted cash 150,364 169,586 Effect of exchange rate fluctuations on cash 357 204 Cash, cash equivalents and restricted cash at beginning of the period 206,405 318,474 Cash, cash equivalents and restricted cash at end of the period $357,126 $488,264 Supplemental disclosures of cash flow information Cash and cash equivalents $355,278 487,438 Restricted cash in restricted deposits, current 594 60 Restricted cash in restricted deposits, non-current 1,254 766 Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows $357,126 $488,264 Non-cash operating and investing activity Lease liabilities arising from obtaining right-of-use assets — 119 Supplemental disclosure of cash flow information Income taxes paid during the year — 60 NANO DIMENSION LTD.
RECONCILIATION OF US GAAP TO NON-GAAP MEASURES
(In thousands) (Unaudited)
Three Months Ended
March 31, 2026 2025 GAAP Net loss$(69,662) $(25,548)Tax expense — 23 Depreciation and amortization 2,432 574 Interest expense 221 — Interest income (3,652) (9,309)Non-GAAP EBITDA (loss) (70,661) (34,260)Finance expenses (income) from revaluation of assets and liabilities 8,434 (8,726)Exchange rate differences 140 1,639 Share-based payments expense 2,925 (786)Desktop Metal litigation related expenses — 28,069 Desktop Metal and Markforged transaction related expenses 556 1,515 Restructuring costs 3,127 1,180 Impairment losses 40,388 1,229 Acquisition inventory step-up amortization 616 — Litigation, settlements, and contingencies 1,951 — Non-GAAP Adjusted EBITDA$(12,524) $(10,140) Three Months Ended
March 31, Non-GAAP Cost of Revenue2026 2025 GAAP Cost of revenue$17,598 $8,560 Share-based payments expense 158 246 Depreciation and amortization 739 142 Acquisition inventory step-up amortization 616 — Non-GAAP Cost of revenue $16,085 $8,172 Three Months Ended
March 31, Non-GAAP Gross Profit2026 2025 GAAP Gross profit$12,127 $5,841 Share-based payments expense 158 246 Depreciation and amortization 739 142 Acquisition inventory step-up amortization 616 — Non-GAAP Gross profit $13,640 $6,229 Three Months Ended
March 31, Non-GAAP Research and Development Expenses2026 2025 GAAP Research and development expenses$8,204 $5,944 Share-based payments expense 478 69 Depreciation and amortization 404 209 Non-GAAP Research and development expenses $7,322 $5,666 Three Months Ended
March 31, Non-GAAP Sales and Marketing Expenses2026 2025 GAAP Sales and marketing expenses$9,692 $5,644 Share-based payments expense 200 323 Depreciation and amortization 904 43 Non-GAAP Sales and marketing expenses $8,588 $5,278 Three Months Ended
March 31, Non-GAAP General and Administrative Expenses2026 2025 GAAP General and administrative expenses$15,209 $5,667 Share-based payments expense 2,089 (1,424)Depreciation and amortization 386 180 Desktop Metal and Markforged transaction related expenses 556 1,515 Litigation, settlements, and contingencies 1,951 — Non-GAAP General and administrative expenses $10,227 $5,396 Three Months Ended
March 31, Non-GAAP Operating Loss2026 2025 GAAP Operating loss$(64,493) $(41,892)Share-based payments expense 2,925 (786)Depreciation and amortization 2,433 574 Desktop Metal litigation related expenses — 28,069 Desktop Metal and Markforged transaction related expenses 556 1,515 Restructuring costs 3,127 1,180 Impairment losses 40,388 1,229 Acquisition inventory step-up amortization 616 — Litigation, settlements, and contingencies 1,951 — Non-GAAP Operating loss $(12,497) $(10,111)
MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in StockMarketBeat
MSA Safety Incorporporated (NYSE:MSA - Get Free Report) CFO Julie Beck bought 448 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the purchase, the chief financial officer owned 3,825 shares of the company's stock, valued at $606,989.25. This represents a 13.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NYSE:MSA
Read MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in Stock
3 hours ago
Insider Selling: NBT Bancorp (NASDAQ:NBTB) Director Sells 2,100 Shares of StockMarketBeat
NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) Director Heidi Hoeller sold 2,100 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $48.03, for a total transaction of $100,863.00. Following the transaction, the director owned 11,560 shares of the company's stock, valued at approximately $555,226.80. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ:NBTB
Read Insider Selling: NBT Bancorp (NASDAQ:NBTB) Director Sells 2,100 Shares of Stock
3 hours ago
Douglas Milne Sells 1,600 Shares of IGM Financial (TSE:IGM) StockMarketBeat
IGM Financial Inc. (TSE:IGM - Get Free Report) Director Douglas Milne sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$80.61, for a total value of C$128,976.00. Following the sale, the director directly owned 800 shares in the company, valued at C$64,488. The trade was a 66.67% decrease in their ownership of the stock.
TSE:IGM
Read Douglas Milne Sells 1,600 Shares of IGM Financial (TSE:IGM) Stock
3 hours ago
GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 2,800 SharesMarketBeat
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Michael James Hogan sold 2,800 shares of GlobalFoundries stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $75.17, for a total value of $210,476.00. Following the transaction, the insider owned 6,695 shares in the company, valued at $503,263.15. This trade represents a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NASDAQ:GFS
Read GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 2,800 Shares
Comments on Amended Schedule 13D Filing by Murchinson
Strategic Alternatives Review Process Progresses
WALTHAM, Mass., May 26, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) today issued the following letter to shareholders providing a business update and commenting on the Schedule 13D/A filing by Murchinson Ltd. and certain of its affiliates. The full text of the letter is below.
Dear Fellow Shareholders,
Nano Dimension Ltd. (“Nano” or the “Company”) and its Board of Directors (the “Board”) remain fully focused on executing the Company’s previously announced strategic alternatives review process to maximize shareholder value and believe shareholders should understand the facts and implications surrounding the recent actions of Murchinson Ltd. and certain of its affiliates (“Murchinson”).
Recently, Murchinson filed a Schedule 13D/A initiating yet another costly and distracting campaign to obtain effective control of Nano and its substantial cash and strategic assets without paying shareholders a control premium. Murchinson is seeking to replace three of the Company’s five directors, including two directors originally nominated by Murchinson in its prior proxy contests as well as the Company’s CEO, because those directors have chosen to fulfill their fiduciary duties to all shareholders, rather than advance Murchinson’s self-serving agenda to take control of the Company’s cash.
The Board is rejecting this latest attempt by Murchinson to seize control of the Company through disruption and pressure tactics.
Currently, the Board includes three directors initially supported by Murchinson, including Robert Pons and Dr. Joshua Rosensweig, each of whom Murchinson nominated in previous proxy contests at Nano, and Phillip “Pinny” Borenstein, who was seated in December 2025. Now, Murchinson is attempting to replace two of these directors, Messrs. Pons and Rosensweig. Moreover, Nano director Andy Sriubas informed the Board that he will not serve on a Board controlled by Murchinson. The Board opposes Murchinson’s latest attempt to gain control of your Company, and supports the Company’s ongoing strategic alternatives review process and the actions underway to maximize value for all shareholders.
Over an extended period, the Board repeatedly invited Murchinson to present a credible strategic, operational or value creation plan for Nano. Despite numerous opportunities, Murchinson failed to provide one. Instead, Murchinson has focused exclusively on obtaining influence and effective control over the Company and its cash resources. The Board recently invited Murchinson founder Marc Bistricer to join the Board, subject to a customary cooperation agreement. He never responded.
It has become clear to the Board that Murchinson’s objective is not long-term value creation, but rather control of Nano’s balance sheet and strategic direction without offering shareholders a premium or presenting a coherent long-term value creation plan. The Board believes this approach creates significant risk for all shareholders.
By contrast, the Board and management team are actively executing a disciplined process to maximize shareholder value, including:
conducting a comprehensive strategic alternatives process with leading financial advisorsmaterially reducing cash burn and improving operational disciplinemonetizing non-core assets and streamlining operationsstrengthening governance and shareholder communicationsevaluating transformational opportunities designed to unlock the value of Nano’s balance sheet, technology portfolio and public company platform The Board believes these efforts are beginning to gain meaningful traction and that stability and continuity are critical at this stage of the process. Importantly, these efforts are being pursued with a focus on creating value for all shareholders — not advancing the interests or agenda of any single shareholder or activist group.
As previously disclosed, the Board expects the strategic alternatives review process to conclude in the near future. Shareholders should ask themselves whether now is the appropriate time to hand control of the Company to Murchinson, an activist group that has failed to articulate a credible plan, at a time when the Company is actively pursuing strategic opportunities designed to maximize value for all shareholders.
Shareholders, including Murchinson, will have the opportunity to vote on any proposed change-of-control transaction. Until such a transaction is formally presented, the Board and management are committed to pursuing the best possible value-maximizing outcome for the Company and all of its shareholders.
The Board remains fully committed to acting in the best interests of all shareholders and will continue to pursue every opportunity to maximize shareholder value through disciplined governance and responsible stewardship of the Company’s assets.
We appreciate the continued support of our shareholders and look forward to updating you further as the Company advances its strategic initiatives.
We encourage you to contact us at [email protected] so that we can address all shareholder questions regarding the contents of this press release and the Company’s ongoing initiatives to create shareholder value. The Board remains committed to transparency, shareholder engagement, and open communication with its shareholders.
Mr. Borenstein has requested that it be publicly disclosed that he does not agree with the content of this letter.
Sincerely,
The Board of Directors
/s/ Dr. Joshua Rosensweig
/s/ David S. Stehlin
/s/ Andy Sriubas
/s/ Robert Pons
About Nano Dimension Ltd.
Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension Ltd. (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices. For more information, please visit https://www.nano-di.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding Nano’s future growth and strategic plan; the Board’s beliefs regarding Murchinson; beliefs regarding the timing of strategic initiatives; and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2026 (the “Annual Report”), and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication.
Additional Information and Where to Find It
The Company intends to file a proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for an extraordinary general meeting of shareholders (the “Extraordinary General Meeting”). THE COMPANY’S SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by the Company with the SEC without charge from the SEC’s website at www.sec.gov.
Participants in the Solicitation
The Company, the President, Chief Executive Officer and Director, David Stehlin and each of its non-employee Directors (namely, Robert Pons; Phillip Borenstein; Dr. Joshua Rosensweig and Andrew Sriubas) are deemed to be “participants” (as defined in Section 14(a) of the Securities Exchange Act of 1934) in the solicitation of proxies from the Company’s shareholders in connection with the matters to be considered at the Extraordinary General Meeting. Information about the compensation of our non-employee Directors is set forth in the sections titled “Director Compensation” and “Director Compensation Table” in the Company’s Annual Report, at pages 54-56, and is available here. Information about the compensation of our President, Chief Executive Officer and Director, David Stehlin, is set forth in in the in the section titled “Executive Compensation” in the Annual Report, at pages 56-64, and is available here. Information regarding the participants’ holdings of the Company’s securities can be found in the section titled “Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters” in the Company’s Annual Report on pages 64-65 and is available here.
Such filings are available on the Company’s website at https://investors.nano-di.com/sec-filings-1/default.aspx or through the SEC’s website via the links referenced above. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Company’s proxy statement on Schedule 14A and other materials to be filed with the SEC in connection with the Extraordinary General Meeting.
TORONTO--(BUSINESS WIRE)--Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, “Murchinson” or “we”), a significant shareholder with approximately 7.4% of the outstanding shares of Nano Dimension Ltd. (NASDAQ: NNDM) (“Nano” or the “Company”), today announced it will host an investor conference call to discuss the Company’s so-called strategic review, Chairman Bob Pons’ role in the “review process,” and other concerns related to the Company’s business and corporate governance.
After eight months of limited progress and minimal communication from Nano regarding its strategic review, Murchinson believes shareholders deserve a constructive forum to exchange information and perspectives. We are therefore inviting fellow shareholders to join us for a virtual meeting to discuss the review process, the state of the Company and its path forward.
Additionally, Nano’s May 26 press release – which is riddled with numerous mischaracterizations and false statements – has further reinforced our belief that the Board of Directors is tone-deaf, defensive and intent on pursuing a course of action that does not serve shareholders’ best interests.
We urge fellow shareholders to recognize Nano’s defensive maneuvers for what they are and to join the investor call, which will take place on Wednesday, June 3, 2026, at 12:00 PM EDT. Please reach out to us at [email protected] for information on how to join.
About Murchinson
Founded in 2012 and based in Toronto, Canada, Murchinson is an alternative asset management firm that serves institutional investors, family offices and qualified clients. The firm has extensive experience capturing the best returning opportunities across global markets. Murchinson’s multi-strategy approach allows it to execute investments at all points in the market cycle with fluid allocation between strategies. Our team targets corporate action, distressed investing, private equity and structured finance situations, leveraging its broad market experience with a variety of specialized products and sophisticated hedging techniques to deliver alpha within a risk-averse mandate. Learn more at www.murchinsonltd.com.
Company Continues to Move Forward on Three-Phase Strategic Plan to Maximize Long-Term Shareholder Value Company Continues to Move Forward on Three-Phase Strategic Plan to Maximize Long-Term Shareholder Value
TORONTO--(BUSINESS WIRE)--Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, “Murchinson” or “we”), a significant shareholder with approximately 7.4% of the outstanding shares of Nano Dimension Ltd. (NASDAQ: NNDM) (“Nano” or the “Company”), today issued the following letter to Nano shareholders.
***
Fellow Nano Shareholders,
Over the last few weeks and months, we have heard CEO Dave Stehlin repeatedly say that Nano’s Board of Directors (the “Board”), led by Chairman Robert (“Bob”) Pons, is evaluating “exciting opportunities” and “very interesting candidates” as potential uses of Nano’s “balance sheet, public company platform, and strategic flexibility.”1
We believe that any Board decision to approve an ill-advised transaction would be self-serving and aimed at preserving the directors’ seats rather than serving the interests of Nano and its shareholders. The parallels to the previous Board, led by Yoav Stern, are striking and should give any shareholder pause. Just as Mr. Stern – the fighter-pilot-turned-Kamikaze – appeared to treat the Company’s resources as his own, it seems to us that Mr. Pons may be operating under the same mistaken assumption.
Shareholders should ask: why is the Board following Mr. Pons in the footsteps of Mr. Stern, who, we believe, intentionally caused Nano to enter into a value-destructive transaction to preserve his position? Why does the Board insist on pursuing a deal that, in our opinion, is very likely to benefit others at the expense of Nano’s shareholders?
We are curious as to which flavor-of-the-week industry the Board may be considering. We invite shareholders to share their views with us at [email protected] as to which of the following trendy sectors they believe is most likely:
Space exploration “AI” software/hardware “Breakthrough” medical technology Autonomous vehicles Cannabis Cryptocurrencies/blockchain Feel free to also share your opinion on what remuneration or payout, if any, you predict Messrs. Pons and Stehlin will receive in return for using Nano's money on this SPAC-like deal – despite very likely lacking even the faintest clue about the industry in which the target will ultimately operate. Will it be a cash golden parachute? Options? Warrants? Perpetually-paying cushy next-jobs or directorships?
Hopefully, we will have survey results before the Board announces an ill-conceived transaction that we believe could strip Nano of its capital in exchange for nothing more than a pipedream, based on the Board’s concerning track record to date.
We look forward to your responses and to continuing this dialogue with our fellow shareholders.
Sincerely,
Murchinson Ltd.
***
About Murchinson
Founded in 2012 and based in Toronto, Canada, Murchinson is an alternative asset management firm that serves institutional investors, family offices and qualified clients. The firm has extensive experience capturing the best returning opportunities across global markets. Murchinson’s multi-strategy approach allows it to execute investments at all points in the market cycle with fluid allocation between strategies. Our team targets corporate action, distressed investing, private equity and structured finance situations, leveraging its broad market experience with a variety of specialized products and sophisticated hedging techniques to deliver alpha within a risk-averse mandate. Learn more at www.murchinsonltd.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of applicable securities laws. In general, forward-looking information refers to disclosure about future conditions, courses of action, and events. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the use of any of the words “anticipates”, “believes”, “expects”, “intends”, “plans”, “will”, “would”, and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations of Murchinson and currently available information. Forward-looking statements are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. Murchinson undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities legislation.
Disclaimer
The information contained or referenced herein is for information purposes only in order to provide the views of Murchinson and the matters which Murchinson believes to be of concern to shareholders described herein. The information is not tailored to specific investment objections, the financial situations, suitability, or particular need of any specific person(s) who may receive the information, and should not be taken as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of Murchinson, whose opinions may change at any time and which are based on analyses of Murchinson and its advisors. In addition, the information contained herein is being publicly disclosed without prejudice and shall not be construed to prejudice any of Murchinson’s rights, demands, grounds and/or remedies under any contract and/or law, including any pending lawsuits.
1 Nano Dimension Q1 2026 Earnings Call (May 7, 2026); Press Release: Nano Dimension Issues Letter from Chief Executive Officer, David Stehlin (June 5, 2026).
Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, “Murchinson” or “we”), a significant shareholder with approximately 7.4% of the outstanding shares of Nano Dimension Ltd. (NASDAQ: NNDM) (“Nano” or the “Company”), today issued the following letter to Nano shareholders.
***
Fellow Nano Shareholders,
Over the last few weeks and months, we have heard CEO Dave Stehlin repeatedly say that Nano’s Board of Directors (the “Board”), led by Chairman Robert (“Bob”) Pons, is evaluating “exciting opportunities” and “very interesting candidates” as potential uses of Nano’s “balance sheet, public company platform, and strategic flexibility.”1
We believe that any Board decision to approve an ill-advised transaction would be self-serving and aimed at preserving the directors’ seats rather than serving the interests of Nano and its shareholders. The parallels to the previous Board, led by Yoav Stern, are striking and should give any shareholder pause. Just as Mr. Stern – the fighter-pilot-turned-Kamikaze – appeared to treat the Company’s resources as his own, it seems to us that Mr. Pons may be operating under the same mistaken assumption.
Shareholders should ask: why is the Board following Mr. Pons in the footsteps of Mr. Stern, who, we believe, intentionally caused Nano to enter into a value-destructive transaction to preserve his position? Why does the Board insist on pursuing a deal that, in our opinion, is very likely to benefit others at the expense of Nano’s shareholders?
We are curious as to which flavor-of-the-week industry the Board may be considering. We invite shareholders to share their views with us at [email protected] as to which of the following trendy sectors they believe is most likely:
Space exploration “AI” software/hardware “Breakthrough” medical technology Autonomous vehicles Cannabis Cryptocurrencies/blockchain Feel free to also share your opinion on what remuneration or payout, if any, you predict Messrs. Pons and Stehlin will receive in return for using Nano's money on this SPAC-like deal – despite very likely lacking even the faintest clue about the industry in which the target will ultimately operate. Will it be a cash golden parachute? Options? Warrants? Perpetually-paying cushy next-jobs or directorships?
Hopefully, we will have survey results before the Board announces an ill-conceived transaction that we believe could strip Nano of its capital in exchange for nothing more than a pipedream, based on the Board’s concerning track record to date.
We look forward to your responses and to continuing this dialogue with our fellow shareholders.
Sincerely,
Murchinson Ltd.
***
About Murchinson
Founded in 2012 and based in Toronto, Canada, Murchinson is an alternative asset management firm that serves institutional investors, family offices and qualified clients. The firm has extensive experience capturing the best returning opportunities across global markets. Murchinson’s multi-strategy approach allows it to execute investments at all points in the market cycle with fluid allocation between strategies. Our team targets corporate action, distressed investing, private equity and structured finance situations, leveraging its broad market experience with a variety of specialized products and sophisticated hedging techniques to deliver alpha within a risk-averse mandate. Learn more at www.murchinsonltd.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of applicable securities laws. In general, forward-looking information refers to disclosure about future conditions, courses of action, and events. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the use of any of the words “anticipates”, “believes”, “expects”, “intends”, “plans”, “will”, “would”, and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations of Murchinson and currently available information. Forward-looking statements are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. Murchinson undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities legislation.
Disclaimer
The information contained or referenced herein is for information purposes only in order to provide the views of Murchinson and the matters which Murchinson believes to be of concern to shareholders described herein. The information is not tailored to specific investment objections, the financial situations, suitability, or particular need of any specific person(s) who may receive the information, and should not be taken as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of Murchinson, whose opinions may change at any time and which are based on analyses of Murchinson and its advisors. In addition, the information contained herein is being publicly disclosed without prejudice and shall not be construed to prejudice any of Murchinson’s rights, demands, grounds and/or remedies under any contract and/or law, including any pending lawsuits.
________________________________________________
1 Nano Dimension Q1 2026 Earnings Call (May 7, 2026); Press Release: Nano Dimension Issues Letter from Chief Executive Officer, David Stehlin (June 5, 2026).
View source version on businesswire.com: https://www.businesswire.com/news/home/20260611266684/en/
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Tuesday, May 5th, 2026 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2026 operating results.
The live call can be accessed by dialing +1-833-821-2814 (Canada/US toll free). Alternatively, a live webcast can be accessed through a link on Ballard's homepage (www.ballard.com), in the 'Latest News' section. Following the call, a link to the webcast will be available in the 'Investor Hub' area of the 'Investors' section of Ballard's website (www.ballard.com/investors).
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
Further Information
Sumit Kundu –Investor Relations +1.604.453.3517 or [email protected]
JPMorgan Chase & Co. boosted its position in shares of Ballard Power Systems, Inc. (NASDAQ:BLDP – Free Report) (TSE:BLD) by 45.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 692,201 shares of the technology company’s stock after purchasing an additional 215,954 shares during the quarter. JPMorgan Chase & Co. owned about 0.23% of Ballard Power Systems worth $1,883,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in Ballard Power Systems by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 13,459,729 shares of the technology company’s stock worth $36,486,000 after purchasing an additional 326,505 shares during the period. Two Sigma Investments LP increased its holdings in Ballard Power Systems by 11.7% during the 3rd quarter. Two Sigma Investments LP now owns 6,282,641 shares of the technology company’s stock worth $17,089,000 after purchasing an additional 657,107 shares during the period. Goldman Sachs Group Inc. increased its holdings in Ballard Power Systems by 20.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,916,541 shares of the technology company’s stock worth $5,408,000 after purchasing an additional 829,012 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Ballard Power Systems by 1.7% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 2,766,262 shares of the technology company’s stock worth $7,580,000 after purchasing an additional 45,379 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Ballard Power Systems by 43.8% during the 3rd quarter. Van ECK Associates Corp now owns 2,345,177 shares of the technology company’s stock worth $6,379,000 after purchasing an additional 714,647 shares during the period. 28.02% of the stock is currently owned by hedge funds and other institutional investors.
Ballard Power Systems Stock Down 5.1% Ballard Power Systems stock opened at $2.40 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.86 and a quick ratio of 9.14. The stock has a market capitalization of $721.90 million, a price-to-earnings ratio of -8.00 and a beta of 1.68. Ballard Power Systems, Inc. has a 1-year low of $1.00 and a 1-year high of $4.10. The business has a fifty day moving average price of $2.28 and a 200-day moving average price of $2.74.
Ballard Power Systems (NASDAQ:BLDP – Get Free Report) (TSE:BLD) last posted its quarterly earnings data on Thursday, March 12th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $33.28 million during the quarter, compared to analysts’ expectations of $32.24 million. Ballard Power Systems had a negative return on equity of 14.62% and a negative net margin of 91.50%. Equities research analysts forecast that Ballard Power Systems, Inc. will post -0.54 EPS for the current fiscal year.
Analysts Set New Price Targets Several research analysts have commented on the company. TD Cowen upgraded Ballard Power Systems from a “sell” rating to a “hold” rating in a report on Friday, January 9th. TD Securities upgraded Ballard Power Systems from a “sell” rating to a “hold” rating and set a $2.50 price objective on the stock in a report on Friday, January 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ballard Power Systems in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company increased their target price on Ballard Power Systems from $1.50 to $2.00 and gave the company an “underweight” rating in a research report on Friday, March 27th. Ten research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $2.48.
Read Our Latest Stock Report on BLDP
Ballard Power Systems Company Profile (Free Report)
Ballard Power Systems (NASDAQ:BLDP) is a Canadian technology company specializing in the development and manufacture of proton exchange membrane (PEM) fuel cell products. Headquartered in Vancouver, British Columbia, Ballard designs and sells fuel cell stacks and modules that enable zero-emission power generation for a variety of applications, including heavy-duty motive systems, backup power, material handling equipment, and portable power solutions.
Since its founding in 1979, Ballard has built a strong intellectual property portfolio and a track record of innovation in PEM fuel cell technology.
Recommended Stories Five stocks we like better than Ballard Power Systems
Receive News & Ratings for Ballard Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEArcutis Biotherapeutics, Inc. $ARQT Shares Sold by JPMorgan Chase & Co.
NEXT HEADLINE »JPMorgan Chase & Co. Has $1.83 Million Stock Holdings in Arvinas, Inc. $ARVN
, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today welcomed Ralph Robinett as Senior Vice President and Chief Operating Officer, replacing Lee Sweetland, effective April 13th, 2026.
Ralph brings more than 25 years of global operations, manufacturing, supply chain, and transformation leadership experience across advanced technology and clean energy businesses. He has led large-scale operational organizations, built and expanded manufacturing facilities in multiple regions, driven cost reduction and productivity improvement initiatives, and helped commercialize innovative technologies at scale.
Most recently, Ralph served as Chief Operating Officer at GAF Energy, where he led manufacturing, supply chain, new product deployment, factory expansions, and automation design for the company's rapidly growing solar roof business. Through his leadership, he helped grow output and revenue, led deployment of an automated solar shingle manufacturing plant, and supported commercialization of GAF Energy's second-generation product.
Ralph has also held senior leadership positions at Celestica, Velodyne LiDAR, and SunPower, where he oversaw international manufacturing, implementation of automation strategy, and supply chain transformation.
"We are pleased to welcome Ralph to Ballard as our new Chief Operating Officer," said Marty Neese, Ballard's President and CEO. "Ralph brings a powerful combination of operational discipline, global manufacturing expertise, and strategic leadership to the position. His track record of scaling complex operations, improving productivity, and building strong teams will be invaluable as we continue to execute on our strategy and position Ballard for long-term growth. I also want to thank Lee Sweetland for his contributions to Ballard and wish him well in the future."
"I am honored to join Ballard as Chief Operating Officer," said Ralph Robinett. "Ballard has a strong foundation, a talented team, and an important role to play in the advancement of clean energy solutions. I look forward to working closely with the team to strengthen operations, support customers, and help drive the company's next phase of growth."
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells enable electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning anticipated impacts of the announced leadership change. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2026. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).
Highlights (comparisons are to Q1 2025):
Revenue of $19.4 million, up 26% year over year ("YoY"). 14% gross margin a 37-point improvement from Q1 2025. 36% reductions in Total Operating Expenses2. Q1 ended with $516.8 million in cash and cash equivalents. Positive momentum in bus market with New Flyer commercial agreement and strong traction with European OEM's "In Q1, we made continued progress toward positive cash flow. Quarterly revenue grew 26% year over year, driven by increased engine shipments during the period. Disciplined cost management also contributed to an improvement in gross margins, which rose to 14%," said Marty Neese, Ballard's President and CEO. "These results build on the momentum established in 2025 and reinforce that we are on the right path."
"We continue to see strong momentum in the fuel cell bus market, supported by increasing long-term customer commitments. New Flyer's multi-year 50 MW agreement highlights accelerating fleet adoption in North America. In the U.K. and E.U., we are seeing strong traction with two additional bus OEMs that are advancing next‑generation hydrogen bus platforms powered by our FCmove®‑SC engine. They recognize the benefit of the FCmove®-SC engine to lower total cost of ownership through higher power density, enhanced durability, and simplified installation and maintenance. Together, these advancements support improved customer economics and position us for stronger margin performance over time," added Mr. Neese.
Mr. Neese continued, "Ballard maintains a leading position in the North American and European fuel cell bus markets, built on sustained commercial execution and technical leadership. Our engines have surpassed 300 million kilometers of real-world fleet operation, underscoring their durability and reliability in demanding applications."
He concluded, "We ended Q1 with $516.8 million in cash and no near- or mid-term financing requirements, providing a strong foundation to execute our strategy. This financial strength enables us to continue investing in product maturity, cost reduction, and customer success—key drivers of scalable growth and long-term value creation in hydrogen mobility."
Q1 2026 Financial Highlights
(all comparisons are to Q1 2025 unless otherwise noted)
Total revenue was $19.4 million in the quarter, representing 26 % year‑over‑year growth, reflecting continued momentum across multiple end‑markets. Bus revenue was $6.8 million, down 46% from Q1 2025, while Rail revenue increased to $5.1 million, a 4472% increase YoY. Stationary revenue increased to $5.2 million, up 775% YoY, while Other Markets revenue grew to $2.4 million, up 6% YoY. Gross margin was 14% in the quarter, an improvement of 37-points. Total Operating Expenses2 were $16.4 million, a decrease of 36%. Total Cash Used by Operating Activities was $7.8 million, compared to $24.4 million in the prior year, an improvement of 68 % YoY. Cash and cash equivalents were $516.8 million at the end of Q1 2026, compared to $576.7 million in the prior year. Adjusted EBITDA1 was ($11.4) million, compared to ($27.5) million in Q1 2025. The improvement in Adjusted EBITDA was driven primarily by margin and operating cost improvements. Order Backlog at the end of Q1 2026 was $112.9 million, a decrease of 5% compared to the end of Q4 2025. The 12-month Orderbook was $52.8 million at end of Q1, a decrease of $1.1 million or 2% from the end of Q4 2025. Order Backlog ($M)
Order Backlog at End-Q4 2025
Orders Received in Q1 2026
Orders Delivered in Q1 2026
Order Backlog at End-Q1 2026
Total Fuel Cell Products & Services
$119.3
$12.9
$19.4
$112.9
2026 Outlook
Consistent with our past practice, and in view of the early stage of hydrogen fuel cell market development, specific revenue and net income (loss) guidance for 2026 is not provided. We expect revenue in 2026 will be back-half weighted. Total Operating Expense2 and Capital Expenditure3 guidance ranges for 2026 are as noted below. We continue to review and consider various options to reduce our operating cost structure and capital spend, which may result in revisions to our guidance ranges at a future date.
2026
Guidance
Total Operating Expense2
$65 - $75 million
Capital Expenditure3
$5 - $10 million
Q1 2026 Financial Summary
(Millions of U.S. dollars)
Three months ended March 31
2026
2025
% Change
REVENUE
Fuel Cell Products & Services:4
Bus
6.8
$12.5
(46 %)
Rail
5.1
$0.1
4472 %
Stationary
5.2
$0.6
775 %
Other Markets
2.4
$2.2
6 %
Total Fuel Cell Products & Services Revenue
19.4
$15.4
26 %
PROFITABILITY
Gross Margin $
$2.8
($3.6)
177 %
Gross Margin %
14 %
(23 %)
37pts
Total Operating Expenses2
16.4
$25.5
(36 %)
Equity loss in JV & Associates
-
($0.8)
0 %
Adjusted EBITDA1
($11.4)
($27.5)
59 %
Net Loss from Continuing Operations4
($11.4)
($21.0)
46 %
Loss Per Share from Continuing Operations4
($0.04)
($0.07)
46 %
CASH
Cash provided by (used in) Operating Activities:
Cash Operating Loss
($7.8)
($21.7)
64 %
Working Capital Changes
($0.0)
($2.7)
101 %
Cash used by Operating Activities
($7.8)
($24.4)
68 %
Cash and cash equivalents
$516.8
$576.7
(10 %)
For a more detailed discussion of Ballard Power Systems' first quarter 2026 results, please see the company's financial statements and management's discussion & analysis, which are available at www.ballard.com/investors, www.sedarplus.ca and www.sec.gov/edgar.shtml.
Conference Call
Ballard will hold a conference call on Tuesday May 5, 2026 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2026 operating results. The live call can be accessed by dialing +1-844-763-8274 (Canada/US toll free). Alternatively, a live audio and webcast can be accessed through a link on Ballard's homepage (www.ballard.com). Following the call, the audio webcast and presentation materials will be archived in the 'Earnings, Interviews & Presentations' area of the 'Investors' section of Ballard's website (www.ballard.com/investors).
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero- emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
Important Cautions Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws, such as statements concerning the markets for our products, Order Backlog, expected revenues, gross margins, operating expenses, capital expenditures, corporate development activities, and impacts of investments in manufacturing and R&D capabilities and cost reduction initiatives. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond Ballard's ability to control or predict. Actual events, results and developments may differ materially from those contemplated by such forward-looking statements. Any such statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, market demand and financing needs. For a detailed discussion of the factors and assumptions that these statements are based upon, and factors that could cause our actual results or outcomes to differ materially, please refer to Ballard's most recent management discussion & analysis. Other risks and uncertainties that may cause Ballard's actual results to be materially different include general economic and regulatory changes, detrimental reliance on third parties, level of achievement of our business plans, achieving and sustaining profitability, changes that affect how long our cash reserves will last and the timing of, and ability to obtain, required regulatory approvals. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. These forward-looking statements represent Ballard's views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. These forward-looking statements are provided to enable external stakeholders to understand Ballard's expectations as at the date of this release and may not be appropriate for other purposes. Readers should not place undue reliance on these statements and Ballard assumes no obligation to update or release any revisions to them, other than as required under applicable legislation.
Further Information
Sumit Kundu –Investor Relations +1.604.453.3517 or [email protected]
Endnotes
_______________________________________________
1 EBITDA and Adjusted EBITDA are non-GAAP measures. We believe these measures are useful in evaluating the operating performance of the Company's ongoing business. These measures should be considered in addition to, and not as a substitute for, operating expenses, net income, cash flows and other measures of financial performance and liquidity reported in accordance with GAAP. These non-GAAP measures do not have any standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies. See the reconciliation of EDITDA and Adjusted EBITDA to the most directly comparable GAAP measure in Section 10 "Supplemental Non-GAAP Measures and Reconciliations" in our Management's Discussion and Analysis for the three months ended March 31, 2026. Adjusted EBITDA adjusts EBITDA for stock-based compensation expense, transactional gains and losses, finance and other income, asset impairment charges, and the impact of unrealized gains and losses on foreign exchange contracts.
2 Total Operating Expenses refer to the measure reported in accordance with IFRS.
3 Capital Expenditure is defined as Additions to property, plant and equipment and Investment in other intangible assets as disclosed in the Consolidated Statements of Cash Flows.
4 We report our results in the single operating segment of Fuel Cell Products and Services. Our Fuel Cell Products and Services segment consists of the sale of PEM fuel cell products and services for a variety of applications including bus and rail applications, Stationary Power, and Other Markets (consisting of truck, marine, material handling, off-road, and other applications). Revenues from the delivery of Services, including technology solutions, after sales services and training, are included in each of the respective markets.
Ballard Power Systems (BLDP - Free Report) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to a loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +36.81%. A quarter ago, it was expected that this fuel cell technology company would post a loss of $0.07 per share when it actually produced a loss of $0.06, delivering a surprise of +14.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Ballard, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $19.42 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 9.67%. This compares to year-ago revenues of $15.39 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ballard shares have added about 29.5% since the beginning of the year versus the S&P 500's gain of 5.2%.
What's Next for Ballard?While Ballard has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ballard was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.06 on $24.67 million in revenues for the coming quarter and -$0.21 on $118.43 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Exelon (EXC - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This energy company is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of -3.3%. The consensus EPS estimate for the quarter has been revised 9.8% higher over the last 30 days to the current level.
Exelon's revenues are expected to be $6.91 billion, up 2.9% from the year-ago quarter.
, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that Solaris Bus & Coach sp. z o.o. ("Solaris"; www.solarisbus.com), a leading European bus manufacturer and long‑standing Ballard partner, has formally selected Ballard as the fuel cell supplier for its next‑generation hydrogen bus.
This selection includes the integration of Ballard's FCmove®‑SC hydrogen fuel cell engine, Ballard's newest high‑efficiency platform launched in late 2025, into the Solaris Generation 2 FCEV bus. The sale of engines has been incorporated into an update of the existing LTSA, extending it to 2029, to match with next-gen bus delivery while also strategically aligning commercial terms.
The FCmove®‑SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long‑range, high‑utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery‑electric alternatives.
"Solaris' selection of Ballard for its next‑generation hydrogen bus platform marks a significant milestone for the continued evolution of our FCmove®‑SC engine," said Marty Neese, Ballard's CEO and President. "Our long‑standing collaboration with Solaris has been built on trust, technical excellence, and a shared commitment to zero‑emission mobility. With this selection, supported by newly adjusted commercial terms that strengthen long‑term alignment, Solaris reinforces its confidence in Ballard's ability to deliver performance, reliability, and lifecycle value at scale. The FCmove®‑SC is purpose‑built for Europe's mature bus market, and OEM nominations like this validate the strength of our value proposition."
Today, Ballard‑powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 300 million kilometers with 98% availability and zero reported safety incidents. Through Ballard Fleet Services, including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing, Ballard and its customers unlock additional value that strengthens fleet performance and supports long‑term operational success.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
About Solaris
Solaris Bus & Coach, headquartered in Bolechowo, Poland, is a leading European manufacturer of city buses, trolleybuses, and zero‑emission vehicles. Founded in 1996 and part of Spain's CAF Group, Solaris is a leader of Europe's electric bus market and is recognized as a technology leader in hydrogen mobility. The company has delivered more than 28,000 vehicles to operators across 33 countries. Solaris continues to play a central role in Europe's transition to sustainable public transport.
This release contains forward-looking statements concerning anticipated agreements, product deliveries; and deployments; and anticipated product benefits, operational benefits, and value proposition for customers. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or [email protected]
From a technical perspective, Ballard Power Systems, Inc. (BLDP - Free Report) is looking like an interesting pick, as it just reached a key level of support. BLDP's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.
This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.
Over the past four weeks, BLDP has gained 80.4%. The company currently sits at a #3 (Hold) on the Zacks Rank, also indicating that the stock could be poised for a breakout.
Looking at BLDP's earnings expectations, investors will be even more convinced of the bullish uptrend. For the current quarter, there have been 2 changes higher compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.
Investors may want to watch BLDP for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that Wrightbus (https://wrightbus.com/), a leading UK‑based bus manufacturer and long‑standing Ballard partner, has formally nominated Ballard as the fuel cell supplier for its next‑generation StreetDeck Hydroliner Gen 3.0 hydrogen bus platform.
This nomination covers the integration of Ballard's FCmove®‑SC hydrogen fuel cell engine—Ballard's newest, high‑efficiency platform launched in late 2025—into Wrightbus' Gen 3.0 double‑decker FCEV bus, with series production scheduled to begin in 2027.
The FCmove®‑SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long‑range, high‑utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery‑electric alternatives.
"Wrightbus' nomination of Ballard for the StreetDeck Hydroliner Gen 3.0 platform represents a major milestone for our next‑generation FCmove®‑SC engine," said Oben Uluc, Vice President, Sales & Marketing at Ballard. "This decision reflects our decades‑long collaboration and Wrightbus' confidence in Ballard's ability to deliver performance, reliability, and lifecycle economics at scale. The FCmove®‑SC was made for the mature bus market, and OEM nominations like this validate the value proposition for customers."
"Our Gen 3.0 hydrogen bus has been in development for some time, ready for launch next year, and we are looking for partners who can help generate greater efficiency, improved lifecycle economics, and robust performance for demanding transit operations. Our next generation hydrogen bus is all about creating a TCO that is comparable to battery-electric and there are plenty of examples where electric doesn't provide the range needed for efficient daily operation or where the cost of infrastructure is prohibitive," said Wrightbus' Chief Procurement Officer Paul King.
Mr. King concluded, "We are delighted to be able to extend our partnership with Ballard, using their next generation fuel cells, as we accelerate the rollout of hydrogen mobility across our key markets."
Today, Ballard‑powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 300 million kilometers with 98% availability and zero reported safety incidents. Through Ballard Fleet Services, including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing, Ballard and its customers unlock additional value that strengthens fleet performance and supports long‑term operational success.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
About Wrightbus
Wrightbus is a UK‑based leader in zero‑emission transportation, recognized for pioneering the world's first hydrogen‑powered double‑deck bus and advancing next‑generation battery‑electric and hydrogen mobility solutions. With a legacy of innovation dating back to 1946, Wrightbus designs and manufactures high‑efficiency buses that support global transit agencies in reducing emissions and modernizing fleets. The company's commitment to engineering excellence and sustainable transport continues to shape the future of clean mobility across the UK, Europe, and international markets.
This release contains forward-looking statements concerning product attributes and benefits to customers, anticipated product deliveries and customer deployments. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or [email protected]
, /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that Wrightbus (https://wrightbus.com/), a leading UK‑based bus manufacturer and long‑standing Ballard partner, has formally nominated Ballard as the fuel cell supplier for its next‑generation StreetDeck Hydroliner Gen 3.0 hydrogen bus platform.
This nomination covers the integration of Ballard's FCmove®‑SC hydrogen fuel cell engine--Ballard's newest, high‑efficiency platform launched in late 2025--into Wrightbus' Gen 3.0 double‑decker FCEV bus, with series production scheduled to begin in 2027.
The FCmove®‑SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long‑range, high‑utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery‑electric alternatives.
"Wrightbus' nomination of Ballard for the StreetDeck Hydroliner Gen 3.0 platform represents a major milestone for our next‑generation FCmove®‑SC engine," said Oben Uluc, Vice President, Sales & Marketing at Ballard. "This decision reflects our decades‑long collaboration and Wrightbus' confidence in Ballard's ability to deliver performance, reliability, and lifecycle economics at scale. The FCmove®‑SC was made for the mature bus market, and OEM nominations like this validate the value proposition for customers."
"Our Gen 3.0 hydrogen bus has been in development for some time, ready for launch next year, and we are looking for partners who can help generate greater efficiency, improved lifecycle economics, and robust performance for demanding transit operations. Our next generation hydrogen bus is all about creating a TCO that is comparable to battery-electric and there are plenty of examples where electric doesn't provide the range needed for efficient daily operation or where the cost of infrastructure is prohibitive," said Wrightbus' Chief Procurement Officer Paul King.
Mr. King concluded, "We are delighted to be able to extend our partnership with Ballard, using their next generation fuel cells, as we accelerate the rollout of hydrogen mobility across our key markets."
Today, Ballard‑powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 300 million kilometers with 98% availability and zero reported safety incidents. Through Ballard Fleet Services, including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing, Ballard and its customers unlock additional value that strengthens fleet performance and supports long‑term operational success.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
About Wrightbus
Wrightbus is a UK‑based leader in zero‑emission transportation, recognized for pioneering the world's first hydrogen‑powered double‑deck bus and advancing next‑generation battery‑electric and hydrogen mobility solutions. With a legacy of innovation dating back to 1946, Wrightbus designs and manufactures high‑efficiency buses that support global transit agencies in reducing emissions and modernizing fleets. The company's commitment to engineering excellence and sustainable transport continues to shape the future of clean mobility across the UK, Europe, and international markets.
This release contains forward-looking statements concerning product attributes and benefits to customers, anticipated product deliveries and customer deployments. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or [email protected]
Ballard Power Systems manufactures fuel cell engines for hydrogen-powered vehicles, targeting heavy-duty applications where batteries are less effective. BLDP generates revenue through engine sales, service and replacement parts, and engineering/licensing agreements with vehicle manufacturers. The company benefits from surging momentum, with shares up 295% over the past year and 90% of that gain occurring this month.
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Ballard Power Systems (BLDP - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Ballard Power Systems is a member of the Utilities sector. This group includes 110 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Ballard Power Systems is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BLDP's full-year earnings has moved 21.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BLDP has gained about 64.2% so far this year. Meanwhile, the Utilities sector has returned an average of 7.2% on a year-to-date basis. This means that Ballard Power Systems is outperforming the sector as a whole this year.
One other Utilities stock that has outperformed the sector so far this year is Energias de Portugal (EDPFY - Free Report) . The stock is up 14.8% year-to-date.
Over the past three months, Energias de Portugal's consensus EPS estimate for the current year has increased 0.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ballard Power Systems belongs to the Utility - Electric Power industry, a group that includes 60 individual stocks and currently sits at #102 in the Zacks Industry Rank. On average, stocks in this group have gained 7.3% this year, meaning that BLDP is performing better in terms of year-to-date returns. Energias de Portugal is also part of the same industry.
Investors interested in the Utilities sector may want to keep a close eye on Ballard Power Systems and Energias de Portugal as they attempt to continue their solid performance.
Hong Kong, China--(Newsfile Corp. - May 13, 2026) - Weichai Power Hong Kong International Development Co. Limited ("Weichai") announces that, through a series of transactions between May 8, 2026 and May 12, 2026, Weichai completed the disposition of an aggregate of 6,878,886 common shares (the "Common Shares") of Ballard Power Systems Inc. ("Ballard") for an average price of Cdn$5.78 per Common Share and a total disposition price of Cdn$39,737,594.05 (the "Disposition").
Immediately prior to the completion of the Disposition, Weichai owned a total of 46,131,712 Common Shares.
Immediately following the completion of the Disposition, Weichai owns a total of 39,252,826 Common Shares, representing approximately 13.02% of the issued and outstanding Common Shares.
All of the securities held by Weichai in Ballard, including the Common Shares, are being held for investment purposes. Weichai may in the future take such actions in respect of its securityholdings in Ballard as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Ballard through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving Ballard, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Weichai may continue to hold its current positions.
Pursuant to an investor rights agreement, dated as of November 13, 2018, and amended and restated on April 8, 2020, between Weichai and Ballard, in the event that Weichai or a designated affiliate holds at least 15% of the issued and outstanding Common Shares, Weichai is entitled to nominate two persons for appointment or election to the board of directors of Ballard.
A copy of the early warning report relating to the Common Shares will be available under Ballard's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by contacting Weichai at the contact information below.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297302
Source: Weichai Power Hong Kong International Development Co. Limited
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the resignation of Weichai Power Co., Ltd. ("Weichai") board nominees, Michael Chen and Huajie Wang, from Ballard's Board of Directors effective May 13th.
The resignations follow the sale of approximately 6.9 million Ballard common shares by Weichai Power (the "Share Sale") through its subsidiary, Weichai Power Hong Kong International Development Co., Ltd., ("Weichai Hong Kong"). As a result of the Share Sales, Weichai now owns less than 15% of Ballard's outstanding shares and is no longer entitled to appoint two nominees to Ballard's board of directors under the terms of its investor rights agreement with Ballard, prompting the resignations by Mr. Chen and Mr. Wang. Going forward, Weichai will no longer be entitled to appoint nominees to Ballard's Board of Directors.
"Ballard appreciates Weichai's support and partnership and thanks Michael and Huajie for their contributions as board members in our joint effort to advance fuel cell commercialization opportunities in China and globally," said Jim Roche, Chair of Ballard's Board of Directors.
Ballard remains focused on executing its strategy, supporting customers worldwide, and strengthening its position as a leader in zero-emission fuel cell solutions.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or [email protected]
