Ballard Power to supply fuel cell engines to NFI Group; shares rise

Ballard Power Systems

04/11/2024 15:13

** Shares of fuel cell maker Ballard Power Systems  BLDP.TO 
rise 4.9% to C$2.38
    ** Co to supply 200 fuel cell engines to subsidiary of bus
and coach manufacturer NFI Group Inc.  NFI.TO 
    ** BLDP says order represents total of about 20 megawatts
(MW) of power 
    ** Says it is the second purchase order under long-term
supply agreement announced previously
    ** Adds engines will power NFI unit's "next generation"
Xcelsior hydrogen fuel cell buses for deployment across the
United States
    ** Delivery is expected to begin in 2025
    ** Including session's moves, BLDP stock is down 54.05% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))