Ballard Announces Orders For Over 170 Hydrogen Fuel Cell Engines To Power Solaris Buses In Europe; Initial Deliveries Of The 177 Fuel Cell Engines In 2023, With The Remainder To Ship From 2024 Through 2026
Portfolio Pulse from Benzinga Newsdesk
Ballard Power Systems (NASDAQ:BLDP) has received multiple purchase orders for 177 hydrogen fuel cell engines from Solaris Bus & Coach. The orders include the supply of fuel cell engines for the largest announced deployment of a fleet of fuel cell city buses in Europe, with 127 Solaris fuel cell buses to be deployed in Bologna, Italy. Ballard also received orders for a further 50 modules to power Solaris fuel cell buses in Germany and Italy. Initial deliveries are expected in 2023, with the remainder to ship from 2024 through 2026.
October 10, 2023 | 12:34 pm
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Ballard Power Systems has received significant orders for its hydrogen fuel cell engines, indicating strong demand for its products. This could potentially boost its revenues and profitability in the coming years.
The news of Ballard Power Systems receiving multiple orders for its hydrogen fuel cell engines is directly relevant to the company and its stock. The orders represent a significant increase in demand for Ballard's products, which could lead to increased revenues and profitability in the future. This is likely to have a positive impact on Ballard's stock price in the short term.
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