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    BLDP   CA0585861085

BALLARD POWER SYSTEMS INC.

(BLDP)
  Report
Delayed Toronto Stock Exchange  -  04:31 2022-11-30 pm EST
8.210 CAD   +7.32%
11/17Ballard receives order for 25 fuel cell engines from European company
AQ
11/17Ballard Power Announcing Order from Solaris For 25 Hydrogen Fuel Cell Engines to Power Buses in Poland
MT
11/17Ballard announces order from Solaris for 25 hydrogen fuel cell engines to power buses in Poland
PR
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Ballard Power to Invest $130 Million in Chinese Facilities

09/30/2022 | 08:16am EST

By Glenn Johnson


Ballard Power Systems Inc. plans to spend $130 million on new manufacturing facilities in China to support fuel-cell production.

The Canadian company on Friday said it entered into an investment agreement with local Chinese officials to establish a new China headquarters at the Jiading Hydrogen Port, one of the country's largest automotive manufacturing locations, in Shanghai.

Ballard said it will spend that money over the next three years to build a membrane electrode assembly, or MEA, facility, as well as a research and development center. The project will enable annual production of about 13 million MEAs, which will supply about 20,000 engines, Ballard said.

The facility is expected to be in operation in 2025 to meet future market demand in China for the bus, truck and forklift markets, the company said. The facility will also include space to assemble approximately 600 engines annually to support the production and sale of Ballard engines in the rail, marine, off-road and stationary markets.

Vancouver-based Ballard also said it signed a non-binding memorandum of understanding where Weichai Power Co. will make an equity investment that will give it ownership of 2% of Ballard's new MEA manufacturing company.

Ballard's shares were up 1% in early trading at C$8.45. They have fallen 47% so far this year.


Write to Glenn Johnson at glenn.johnson@wsj.com


(END) Dow Jones Newswires

09-30-22 1016ET

Stocks mentioned in the article
ChangeLast1st jan.
BALLARD POWER SYSTEMS INC. 7.32% 8.21 Delayed Quote.-48.33%
WEICHAI POWER CO., LTD. -0.58% 10.26 Delayed Quote.-32.37%
All news about BALLARD POWER SYSTEMS INC.
11/17Ballard receives order for 25 fuel cell engines from European company
AQ
11/17Ballard Power Announcing Order from Solaris For 25 Hydrogen Fuel Cell Engines to Power ..
MT
11/17Ballard announces order from Solaris for 25 hydrogen fuel cell engines to power buses i..
PR
11/17Ballard Power Brief: Announcing Order from Solaris for 25 hydrogen f..
MT
11/17Ballard Announces Order from Solaris for 25 Hydrogen Fuel Cell Engines to Power Buses i..
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11/10Nasdaq-listed Fusion Fuel and Ballard Power Systems Commission Green Hydrogen Plant
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11/10Ballard Power and Fusion Fuel Commission H2évora Green Hydrogen Plant
CI
11/10Fusion Fuel and Ballard Power Commission H2Évora Green Hydrogen Plant
AQ
11/10Fusion Fuel Green plc and Ballard Power Systems Inc. Commission H2évora Green Hydrogen ..
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11/08TD Securities Downgrades Ballard Power Systems to Hold From Speculative Buy, Adjusts Pr..
MT
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Analyst Recommendations on BALLARD POWER SYSTEMS INC.
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Financials (USD)
Sales 2022 92,7 M - -
Net income 2022 -178 M - -
Net cash 2022 900 M - -
P/E ratio 2022 -10,3x
Yield 2022 -
Capitalization 1 809 M 1 809 M -
EV / Sales 2022 9,80x
EV / Sales 2023 9,16x
Nbr of Employees 785
Free-Float 84,4%
Chart BALLARD POWER SYSTEMS INC.
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Technical analysis trends BALLARD POWER SYSTEMS INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 6,07 $
Average target price 5,84 $
Spread / Average Target -3,65%
EPS Revisions
Managers and Directors
R. Randall MacEwen President, CEO & Non-Independent Director
Paul Dobson Chief Financial Officer & Senior Vice President
James Norman Roche Non-Executive Chairman
Kevin Michael Colbow Chief Technology Officer & Senior Vice President
Mircea Gradu Chief Engineering Officer & Senior Vice President
Sector and Competitors
1st jan.Capi. (M$)
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SFC ENERGY AG-14.76%408