Canadian Pacific Kansas City Places Order For 3.6MW Of Ballard Fuel Cells For Expansion Of Hydrogen Locomotive Program; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Ballard Power Systems (NASDAQ:BLDP) has received an order for additional fuel cell engines from Canadian Pacific Kansas City (CPKC, NYSE:CP). The eighteen 200 kW fuel cell engines, planned for delivery in 2023, will support the expansion of CPKC's Hydrogen Locomotive Program. Over the past two years, Ballard has supplied CPKC with 20 fuel cell engines for use in three different types of locomotives. The success of these trials has resulted in the significant expansion of the original hydrogen locomotive program.
July 27, 2023 | 12:34 pm
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Ballard Power Systems has received an order for additional fuel cell engines from Canadian Pacific Kansas City. This order is expected to support the expansion of CPKC's Hydrogen Locomotive Program.
The order from CPKC for additional fuel cell engines indicates a positive outlook for Ballard Power Systems. This could potentially lead to an increase in revenue and profitability for the company, which may positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Canadian Pacific Kansas City has placed an order for additional fuel cell engines from Ballard Power Systems. This order is expected to support the expansion of CPKC's Hydrogen Locomotive Program.
The order for additional fuel cell engines from Ballard Power Systems indicates a positive outlook for Canadian Pacific Kansas City's Hydrogen Locomotive Program. This could potentially lead to a reduction in greenhouse gas emissions and a transition to a lower-carbon future in the freight rail sector, which may positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100