Ballard shares are trading higher after the company announced the signing of a Long Term Supply Agreement with Solaris for the supply of 1,000 hydrogen fuel cell engines for the European transit bus market.
Portfolio Pulse from Benzinga Newsdesk
Ballard Power Systems Inc. (BLDP) shares have risen following the announcement of a Long Term Supply Agreement with Solaris. Under this agreement, Ballard will supply 1,000 hydrogen fuel cell engines for the European transit bus market, marking a significant step in the adoption of clean energy solutions in public transportation.
April 01, 2024 | 1:11 pm
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Ballard Power Systems Inc. shares have increased after announcing a significant supply agreement with Solaris for 1,000 hydrogen fuel cell engines, highlighting the company's growing influence in the clean energy sector.
The announcement of a Long Term Supply Agreement with Solaris for the supply of 1,000 hydrogen fuel cell engines is a significant development for Ballard Power Systems Inc. This deal not only showcases Ballard's capabilities and trust in the clean energy sector but also potentially opens up more opportunities in the European market. The positive reaction in the stock price reflects investor optimism about the company's future growth prospects and its role in the clean energy transition, particularly in the public transportation sector.
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