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Ballard Power Systems Inc. - BLDP STOCK NEWS

Welcome to our dedicated news page for Ballard Power Systems (Ticker: BLDP), a resource for investors and traders seeking the latest updates and insights on Ballard Power Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ballard Power Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ballard Power Systems's position in the market.

News
Ballard Reports Q3 2023 Results
Rhea-AI Summary
Ballard Power Systems reported robust revenue growth in Q3 2023, with substantial improvements in shipments to core mobility markets. The company also saw a significant increase in revenue generated from Power Products and a substantial improvement in gross margin performance. Despite an uncertain economic environment, they continue to exercise cost discipline, with Q3 cash operating costs roughly flat and cash burn significantly reduced compared to the prior year. The company is also encouraged by constructive hydrogen policy developments in the US and Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
earnings
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News
CPKC places follow-on order for 2.4 MW of Ballard fuel cell engines for active service locomotives
Rhea-AI Summary
Ballard Power Systems has received an order for 2.4 MW of additional fuel cell engines from Canadian Pacific Kansas City (CPKC). The twelve 200 kW fuel cell engines will be delivered in 2023 and will support CPKC's development of hydrogen-powered locomotives in Alberta. The locomotives will be partially funded through the Emissions Reduction Alberta program. Ballard has previously supplied CPKC with 38 fuel cell engines, and the additional locomotives are expected to enter service in late 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
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News
Ballard announces orders for 62 hydrogen fuel cell engines to power Solaris buses in Europe
Rhea-AI Summary
Ballard Power Systems has announced multiple purchase orders for 62 hydrogen fuel cell engines from Solaris Bus & Coach, a leading European bus manufacturer. The majority of the engines will be delivered in 2024 and will power buses in Germany and Poland. This order brings the total number of engines ordered by Solaris this year to close to 350, indicating significant growth in the fuel cell bus market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
News
Ballard Announces Q3 2023 Results Conference Call
Rhea-AI Summary
Ballard Power Systems will hold a conference call on November 7th, 2023 to review their third quarter 2023 operating results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.06%
Tags
earnings
-
News
Ballard announces orders for over 170 hydrogen fuel cell engines to power Solaris buses in Europe
Rhea-AI Summary
Ballard Power Systems announces purchase orders for 177 hydrogen fuel cell engines from Solaris Bus & Coach
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.16%
Tags
none
-
News
QUANTRON and Ballard Power Systems introduce fuel cell powered trucks ready for delivery
Rhea-AI Summary
Ballard Power Systems and Quantron AG have developed zero-emission fuel cell electric commercial vehicle platforms in a partnership since September 2021. The QUANTRON QHM FCEV and QUANTRON QLI FCEV are the first vehicles resulting from this collaboration, offering longer range and shorter refueling time compared to battery electric models. The QUANTRON QLI FCEV has already been delivered to an European customer. The integration of Ballard's FCmove™ fuel cell modules in QUANTRON vehicles allows for the complete integration of fuel cell components into the frame structure, without compromising trailer length and payload.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
News
Ballard Reports Q2 2023 Results
Rhea-AI Summary
Ballard Power Systems reported its financial results for Q2 2023, with total revenue of $15.3 million, down 27% YoY. The company's Heavy Duty Mobility revenue decreased 39%, while Stationary revenue decreased 6%. Gross margin was (21)%, and total operating expenses were $37.5 million. Ballard received $25.1 million of new orders in Q2, with an order backlog of approximately $147.5 million. The company expects sequential quarterly revenue growth in the second half of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
Tags
earnings
-
News
Ballard announces orders from Solaris for nearly 100 hydrogen fuel cell engines to power buses in Europe
Rhea-AI Summary
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) announced multiple purchase orders for 96 hydrogen fuel cell engines from Solaris Bus & Coach, a leading European bus manufacturer. The orders include the largest single order to date for 52 fuel cell engines to power Solaris Urbino hydrogen buses for deployment by public transport operator Rebus Regionalbus Rostock, based in Güstrow, Germany. Ballard expects limited initial deliveries to start in late 2023, with most being delivered through 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
none
-
News
Ballard announces partnership with Ford Trucks for fuel cell powered heavy-duty trucks & initial order
Rhea-AI Summary
Ballard Power Systems has signed a letter of intent with Ford Trucks to supply a fuel cell system for the development of a hydrogen fuel cell powered vehicle prototype. The partnership includes an initial purchase order for 2 FCmove-XD 120 kW fuel cell engines. Ford Trucks plans to develop a Fuel Cell Electric Vehicle (FCEV) F-MAX and aims to commence European Ten-T corridor demonstrations in 2025. Ballard may be named as the preferred supplier for the serial production of the fuel cell-powered F-MAX.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.62%
Tags
partnership
News
Canadian Pacific Kansas City places order for 3.6MW of Ballard fuel cells for expansion of Hydrogen Locomotive Program
Rhea-AI Summary
Ballard Power Systems has received an order for eighteen 200 kW fuel cell engines from Canadian Pacific Kansas City (CPKC) to support the expansion of CPKC's Hydrogen Locomotive Program. Ballard has previously supplied CPKC with 20 fuel cell engines for locomotives, and the success of these trials has led to the significant expansion of the program. The engines are planned for delivery in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
Tags
none
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Ballard Power Systems Inc.

Nasdaq:BLDP

BLDP Rankings

#2647 Ranked by Market Cap
#4490 Ranked by Stock Gains
N/A Ranked by Dividends

BLDP Stock Data

819.85M
252.35M
15.56%
32%
7.69%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
Canada
Burnaby

About BLDP

ballard has established a sustainable leadership position in pem (proton exchange membrane) fuel cell technology and products, currently providing solutions for backup power, distributed generation, material handling, and bus applications. for more information go to www.ballard.com