The B.C.-based hydrogen-fuel-cell firm said its net loss from continuing operations was US$204.5 million, 489 per cent more than the loss it reported in the same period last year. Shares fell more than 4.5 per cent. (The Logic)

Talking point: Ballard is in the middle of a restructuring process that aims to slash costs by over 30 per cent, including job cuts and consolidating its global operations. Quarterly revenue fell about 45 per cent due to slower demand, while a $106.8-million writedown on its property, plant and equipment contributed to Ballard’s steep third-quarter net loss. CEO Randy MacEwen is deferring its final investment decision on a Texas gigafactory until 2026 and is cutting costs in China, where it has removed previously placed orders from “certain high-risk markets and customers.”