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Ballard Power Systems Inc T.BLDP

Alternate Symbol(s):  BLDP

Ballard Power Systems Inc. is engaged in the design, development, manufacture, sale and service of proton exchange membrane (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, as well as the delivery of services, including technology solutions, after sales services and training. The Company operates in a single segment of fuel cell products and services. Embedded in each Ballard fuel cell product lies a stack of unit cells designed with its PEM fuel cell technology that includes membrane electrode assemblies, catalysts, plates, and other key components, and draw on intellectual property from its patent portfolio, together with its experience and know-how, in key areas of PEM fuel cell stack design, operation, production processes and systems integration.


TSX:BLDP - Post by User

Post by thegreenmile656on Dec 15, 2022 8:45am
686 Views
Post# 35172736

Globe says Thakkar's conviction on Ballard middling

Globe says Thakkar's conviction on Ballard middlingGlobe says Thakkar's conviction on Ballard middling

2022-12-09 07:34 ET - In the News

The Globe and Mail reports in its Friday, Dec. 9, edition that BMO Nesbitt Burns analyst Ameet Thakkar rates Ballard Power Systems "market perform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Thakkar share target sits at $5.50, which is $3.62 under the consensus (all figures U.S.). Mr. Thakkar thinks Ballard Power's focus on mobility "likely means a longer and potentially more difficult path towards realizing positive margins and EBITDA." He says Ballard Power is the "best way to gain exposure to the fuel-cell based medium-heavy duty mobility market." The BMO stockpicker says in a note: "The company is in the midst of a transitional period that has made building near-term conviction difficult. We forecast robust growth longer term, but for now elect to apply our 'wait-and-see' approach, despite a 50-per-cent decline in Ballard shares year-to-date. Ballard's PEM fuel cell technology, policy support, and key Chinese and European commercial relationships make it a leader in the hard-to-decarbonize heavy-duty mobility sector. ... The lack of near-term revenue and operational performance visibility makes it difficult for us to build conviction."

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