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Bullboard - Stock Discussion Forum 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... see more

TSX:BLDP - Post Discussion

Ballard Power Systems Inc > orders for 40 fuel cell modules in European market
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Post by Betteryear2 on Nov 04, 2021 8:36am

orders for 40 fuel cell modules in European market

VANCOUVER, BC, Nov. 4, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced orders for a total of 40 FCmoveTM-HD (70kW) modules for planned deployment in hydrogen fuel cell electric buses ("FCEB") across Europe in 2022.

These FCEBs are being deployed in FranceGermany, and the UK.

Rouen, France is deploying their first fleet of zero-emission FCEBs powered by Ballard fuel cell technology, and Pau, France is expanding their existing Ballard powered FCEB fleet. There are now four French cities with Ballard fuel cell buses in service or development.

The area of Frankfurt, Germany is also expanding the number of zero-emission FCEBs powered by Ballard fuel cell technology. There are now six German cities with Ballard fuel cell buses in service or development, an increase of three cities since last year.

Brighton, England is the first UK municipality of its kind to have a publicly stated zero emissions goal by 2030, for its fleet of nearly 500 buses. Brighton's initial order of 20 FCEBs is the first phase of FCEB development, with supportive funding from the JIVE program and the UK's Ultra Low Emission Bus Scheme.

Nearly 160 hydrogen FCEBs powered by Ballard are now in service across Europe, an increase of over 80% since October 2020. There are approximately 150 fuel cell modules currently on order with Ballard to support the deployment of an additional 150 FCEBs in the European market, inclusive of the announcement today.

"The hydrogen fuel cell bus market momentum continues to accelerate throughout Europe. In only twelve months, we have expanded from 10 into over 25 cities, across 10 European countries," said Oben Uluc, Ballard's Director, European Sales. "With orders in hand to double the number of FCEBs driving passengers on European city streets, we see an exciting forward step change in the adoption of FCEBs. We see a strong growth ramp over the coming decade as our bus OEM customers deliver Ballard-powered FCEBs to transit operators planning to decarbonize their bus fleets."

 
Comment by Bookworm28 on Nov 05, 2021 11:33am
Great news. We should be trading higher. I think investors are a bit cautious as they wait for Q3 results to be announced.
Comment by Bookworm28 on Nov 08, 2021 1:14pm
Too good to pass up. Sold at $24.01 Looking for a drop after Q3 financials to get back in. A replay of May's selloff would be a great opportunity. If not, that's OK too. This is one of the best stocks around to trade on dips and rallies. GLTA.
Comment by KozmoT on Nov 08, 2021 2:00pm
Nobody ever went broke taking a profit, but having said that, and don't take this the wrong way ... I hope you never have a chance to buy on another dip below $24.  Obviously I am in this for the long run.  Good luck (but just not on BLD ;-)
Comment by Bookworm28 on Nov 08, 2021 2:20pm
No offense taken. Good comments. I'll be back;-) GLTA.
Comment by KozmoT on Nov 09, 2021 11:20am
LOL, looks like you NAILED IT Bookworm!!  Good call.let us know if/when you get/got back in. We'll live vicariously through your flipping.  I don't have the stomach for it, not without a crysal ball.
Comment by Bookworm28 on Nov 09, 2021 11:21am
Hmmm, now the question. When to get back in. May 5th they released a $17M loss, and we dropped from $24.84 to $19.21 in 2 days, followed by a bottom of around $16 a few days later. I don't think it will be as bad this time 'round. Tough call. Wait a few days, or buy back in today?
Comment by KozmoT on Nov 09, 2021 1:30pm
Maybe put a stink bid in at $21 ?  Can't really help you as I am more of an investor as opposed to a gambler.
Comment by Bookworm28 on Nov 09, 2021 2:39pm
Thanks KomoT. i have some really boring stuff, that's good too. SOT.UN, NWH.UN, BGI.UN, APR.UN, ENB. They pay good/reliable dividends. Have a look. Great sources of income.
Comment by KozmoT on Nov 09, 2021 2:52pm
Ditto on the boring but good stocks - I'm in MFC  NTR  RSI  ENB (as you)  TRP  BMO REI.UN (thats my real estate trust holding) PPL and a bunch of others. You should check out LIF for a crazy high divvie.  And GBRR for future divvies.  I'll peek at yours. Looked at NWH before and am thinbking of getting some.