Ballard Power rises on hydrogen fuel cell engines order win

Ballard Power Systems

10/10/2023 15:44

** U.S.-listed shares of fuel cell maker Ballard Power
Systems  BLDP.O  up 4.8% at $3.66
    ** BLDP wins multiple orders totaling 177 hydrogen fuel cell
engines from Solaris Bus & Coach 
    ** Ballard expects limited initial deliveries of the 177
fuel cell engines in 2023, with the remainder to ship from 2024
through 2026
    ** Ballard also received orders for a further 50 modules to
power Solaris fuel cell buses in Germany and Italy
    ** Co says number of engines ordered by Solaris year-to-date
now exceeds 270, representing substantial growth over the more
than 140 fuel cell city buses that Solaris has deployed with
customers in Europe to date
    ** BLDP down ~24% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))