Welcome to our dedicated page for Ballard Power news (Ticker: BLDP), a resource for investors and traders seeking the latest updates and insights on Ballard Power stock.
Ballard Power Systems Inc. (BLDP) generates regular news flow through operational updates, product launches, commercial orders and financial disclosures related to its PEM fuel cell business. The company reports on its activities in Heavy-Duty Mobility, Stationary Power, and Emerging and Other Markets, covering applications such as buses, commercial trucks, trains, marine vessels, stationary power systems, material handling and off-road uses.
Investors and industry followers can expect earnings releases and quarterly results that detail revenue from fuel cell products and services, gross margin performance, operating expenses, cash operating costs, adjusted EBITDA, cash and cash equivalents, and order backlog. These updates often highlight deliveries to bus and rail customers in North America and Europe, as well as developments in marine and stationary markets.
Ballard’s news also features product and technology announcements, including new modules in its FCmove® family for transit buses and the FCwave™ marine fuel cell engine. For example, the company has announced the FCmove®-SC, a new-generation transit fuel cell module designed for city buses, and has reported on orders for FCwave™ engines for deployment on vessels operated on European routes.
Additional coverage includes strategic and corporate updates such as leadership transitions, strategic realignment initiatives aimed at cost discipline and market focus, and changes to corporate service providers like transfer agents. Conference call announcements accompany major financial releases, providing details for live webcasts and replays.
This news page for BLDP aggregates these disclosures so readers can follow Ballard’s financial performance, commercial progress in heavy-duty mobility and marine projects, product evolution in PEM fuel cells, and key corporate developments over time.
Ballard Power Systems (NASDAQ: BLDP) has entered definitive agreements with AUDI AG to expand its rights to use the FCgen®-HPS fuel cell stack. This high-performance stack, offering a volumetric power density of 4.3 kW/L, will be utilized in various applications, including commercial trucks and passenger vehicles. The stack features maximum power output of 140 kW, operation at temperatures up to 95°C, and cold weather capabilities down to -28°C. Ballard continues to push the boundaries of PEM fuel cell technology, aiming to bolster sustainable electrification of mobility.
Ballard Power Systems (NASDAQ: BLDP) has divested its Unmanned Aerial Vehicle (UAV) business to Honeywell International. This strategic move focuses on Ballard's core business in Heavy- and Medium-Duty Motive markets, where they anticipate growth through 2030. All UAV employees will transition to Honeywell Aerospace. Financial terms of the transaction remain undisclosed, but both companies plan to collaborate in fuel cell technology for aerospace applications. Ballard's CEO emphasizes a positive outlook for fuel cell propulsion systems in UAV markets, despite divesting the non-core UAV operations.
Ballard Power Systems (NASDAQ: BLDP) will host a conference call on November 6, 2020, at 8:00 a.m. PT to discuss its third quarter 2020 operating results. Interested parties can dial +1-604-638-5340 or access a live webcast via Ballard's homepage. The archived webcast will be available in the 'Earnings, Interviews & Presentations' section of the 'Investors' area on the company's website post-call. Ballard focuses on fuel cell solutions for zero-emission transportation in various sectors.
Ballard Power Systems (NASDAQ: BLDP) successfully hosted its 2020 Investor and Analyst Day virtually on September 29, showcasing its strategic focus on hydrogen and fuel cell technology. Key announcements included the launch of the FCwave fuel cell module for marine propulsion and the FCgen-HPS stack for various vehicle classes. The company also announced a collaboration with MAHLE for zero-emission systems and a 6x expansion in production capacity for membrane electrode assemblies. The event highlighted Ballard's leadership in the clean energy sector.
Ballard Power Systems (NASDAQ: BLDP) has successfully completed its at-the-market equity program, raising US$250 million in gross proceeds. The company issued 16,450,623 common shares at market prices during this program, which began on September 1, 2020. The net proceeds of approximately US$245 million will be allocated for general corporate purposes.
Ballard aims to advance fuel cell technology to promote sustainable energy solutions in multiple transportation sectors.
Ballard Power Systems (NASDAQ: BLDP) announced a significant expansion of manufacturing capacity for its proprietary membrane electrode assemblies (MEAs), increasing production by six times by early 2021. This upgrade will enable production of 6 million MEAs annually, equating to approximately 1.66 Gigawatts of output, positioning the Vancouver facility as the largest fuel cell MEA production site for commercial vehicles globally. The details will be discussed during the Investor and Analyst Day 2020 event on September 29.
Ballard Power Systems (NASDAQ: BLDP) announced a collaboration with MAHLE to develop zero-emission fuel cell systems for commercial trucks. This partnership aims to leverage Ballard's expertise in PEM fuel cell technology and MAHLE's extensive experience in automotive components. The market for commercial truck engines is projected at $100 billion annually, with growing demand for zero-emission solutions driven by regulatory policies. MAHLE brings key attributes such as supply chain strength and after-sales infrastructure to the project, enhancing the prospects for successful product commercialization.
Ballard Power Systems (NASDAQ: BLDP) acknowledged China's new policy aimed at promoting Fuel Cell Electric Vehicles (FCEVs) in selected regions. This initiative targets 1 million FCEVs on roads by 2030, aligning with global decarbonization efforts. The policy supports the recent commissioning of the Weichai-Ballard joint venture, which boasts over 1 GW annual manufacturing capacity for fuel cell stacks. Ballard aims to leverage its significant share in the existing 7,200 FCEVs in China and will provide further insights during the Investor and Analyst Day on September 29, 2020.
Ballard Power Systems (NASDAQ: BLDP) will host a virtual Investor and Analyst Day 2020 on September 29, 2020, at 7:00 AM PT. This event aims to share insights on the PEM fuel cell sector and Ballard's strategy, amidst rising interest in the hydrogen economy.
Participants will hear from the company's leadership and a panel of clean energy experts. Key agenda topics include corporate strategy, market updates from China, Europe, and North America, and the product roadmap. More details are available on the company’s website.
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