Ballard Power Systems Inc.

Equities

BLDP

CA0585861085

Renewable Energy Equipment & Services

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-03 pm EDT			5-day change	1st Jan Change
3.83 ^CAD	+2.41%		+8.19%	-22.00%

Apr. 19	Albemarle, Cummins receive tax credits under Biden's clean energy drive	RE
Apr. 16	Ballard Up 0.35% In US Premarket As Announces Orders for 70 Hydrogen Fuel Cell Engines by UK Bus Company	MT

Ballard receives order for 25 fuel cell engines from European company

November 17, 2022 at 09:03 am EST

VANCOUVER — Ballard Power Systems says it has received an order for 25 hydrogen fuel cell engines from a European bus manufacturer.

The company says the order is from Solaris Bus & Coach, a repeat customer.

Financial terms of the agreement were not immediately available.

The fuel cells will be installed in Solaris' Urbino 12 hydrogen buses for Polish public transit operator MPK Poznań.

They are expected to be delivered in the second half of 2023.

Ballard chief executive David Mucciacciaro says the company is seeing increased demand for hydrogen fuel cell buses in Europe and looks forward to continued collaboration with Solaris to meet this growing demand.

This report by The Canadian Press was first published Nov. 17, 2022.

Companies in this story: (TSX:BLDP)

Latest news about Ballard Power Systems Inc.

Albemarle, Cummins receive tax credits under Biden's clean energy drive	Apr. 19	RE
Ballard Up 0.35% In US Premarket As Announces Orders for 70 Hydrogen Fuel Cell Engines by UK Bus Company	Apr. 16	MT
Ballard Power Systems Brief: Announcing Orders For 70 Hydrogen Fuel Cell Engines For Delivery To Wrightbus In 2024	Apr. 16	MT
Ballard Power Systems Announces Orders for 70 Hydrogen Fuel Cell Engines for Delivery to Wrightbus in 2024	Apr. 16	CI
UBS Trims Ballard Power Systems Price Target to $3.75 From $4, Maintains Neutral Rating	Apr. 02	MT
Utilities Down as Rebound in Sector Stalls -- Utilities Roundup	Apr. 01	DJ
Resource shares lift Toronto market to fresh record high	Apr. 01	RE
Sector Update: Energy Stocks Gain in Late Monday Afternoon Trading	Apr. 01	MT
Sector Update: Energy Stocks Rise in Monday Afternoon Trading	Apr. 01	MT
Sector Update: Energy	Apr. 01	MT
National Bank on Ballard Power Systems	Apr. 01	MT
Toronto Stocks Edge Lower; Ballard Power Rises on Fuel-Cell Order	Apr. 01	DJ
Ballard gets $54 million in tax credits for Texas fuel cell factory	Apr. 01	RE
News Highlights : Top Global Markets News of the Day - Monday at 11 AM ET	Apr. 01	DJ
TSX pulls back from record highs to trade flat	Apr. 01	RE
Ballard Power Signs Agreement With Solaris Bus for 1,000 Fuel Cell Engines; Awarded $54 Million in Tax Credits From US IRS	Apr. 01	MT
Ballard Up More Than 10% In US Premarket As Moves to Supply 1,000 Engines For Solaris Buses Across Europe; Separately Announced $54 million of additional funding support	Apr. 01	MT
Ballard Gets $54 Million in U.S. Investment Tax Credits to Support New Texas Plant	Apr. 01	DJ
Ballard Power Systems Brief: Announcing largest order in company history; 1,000 engines to power Solaris buses across Europe	Apr. 01	MT
Ballard Power Systems Announces Order in 1,000 Engines to Power Solaris Buses Across Europe	Apr. 01	CI
Ballard Announces Appointment of Jacqui Dedo to Board of Directors	Mar. 27	CI
National Bank on Ballard Power Systems' Outlook	Mar. 14	MT
Ballard Power Systems Grant Applications Selected by U.S. Department of Energy	Mar. 14	DJ
Ballard Power Systems Up 0.7% In US Premarket Trade After Announcing US$40 million in DOE Grants to Support Build Out of Industry-leading Integrated Fuel Cell Production Gigafactory in Rockwall, Texas	Mar. 14	MT
Ballard Power Systems Brief: Announcing US$40 million in DOE grants to support build-out of industry-leading integrated fuel cell production Gigafactory in Rockwall, Texas	Mar. 14	MT

Chart Ballard Power Systems Inc.

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Company Profile

Ballard Power Systems Inc. is a proton exchange membrane (PEM) fuel cell power system development and commercialization. The Companyâs principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, and the delivery of services, including technology solutions, after sales services and training. It also offers hydrogen fuel cell powertrain integration solutions. Its fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. It also has sales, assembly, research and development, certain engineering services and after-sale service facilities in Hobro, Denmark and London, United Kingdom, and has a sale, supply chain, and after-sales service office in Guangzhou, Guangdong Province, China.

Sector

Renewable Energy Equipment & Services

Calendar

2024-05-07 - Q1 2024 Earnings Release

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Ratings for Ballard Power Systems Inc.

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Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

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Mean consensus

HOLD

Number of Analysts

Last Close Price

2.799 USD

Average target price

3.078 USD

Spread / Average Target

+9.96%

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Sector Stationary Fuel Cells

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SINO-SYNERGY HYDROGEN ENERGY TECHNOLOGY (JIAXING) CO., LTD.	-11.48%	1.08B
DOOSAN FUEL CELL CO., LTD.	-14.22%	970M
CERES POWER HOLDINGS PLC	-0.55%	430M
SFC ENERGY AG	+0.72%	359M
AFC ENERGY PLC	-10.05%	173M
S-FUELCELL CO., LTD.	-17.71%	72.07M

Stationary Fuel Cells