Research Desk Line-up: Babcock & Wilcox Enterprises Post Earnings Coverage
LONDON, UK / ACCESSWIRE / November 16, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Ballard Power Systems Inc. (NASDAQ: BLDP) ("Ballard"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=BLDP. The Company announced on November 14, 2017, that it has signed a multi-year Development Agreement with Siemens AG. The agreement is for Ballard to develop a zero-emission fuel cell engine which will power Siemens' Mireo, a lightweight commuter train. The project is valued approximately $9 million. For immediate access to our complimentary reports, including today's coverage, register for free now at:
Discover more of our free reports coverage from other companies within the Industrial Electrical Equipment industry. Pro-TD has currently selected Babcock & Wilcox Enterprises, Inc. (NYSE: BW) for due-diligence and potential coverage as the Company announced on November 08, 2017, its financial results for Q3 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Babcock & Wilcox Enterprises when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on BLDP; also brushing on BW. Go directly to your stock of interest and access today's free coverage at:
About the Collaboration and Siemen's Mireo
As per the terms of the development agreement, Ballard will develop a 200-kilowatt fuel cell engine which will be integrated into Siemens' new Mireo train platform. Siemens' Mireo is a modular commuter train platform which is designed for speeds of up to 160 kilometers per hour (100 miles per hour). Mireo has a lightweight design, energy-efficient components and intelligent onboard network management which will enable Mireo to reduce its energy consumption by 25% compared to trains with similar passenger capacity. Mireo trains using Ballard's fuel cell engine are expected to be launched in FY21.
Siemens' Mireo has already received a positive response from the rail industry. DB Regio AG, the local transport arm of Deutsche Bahn was the first regional transport operator to commission 24 Mireos for its Rhine Valley rail network in March 2017. It placed a second order of 57 Mireo trains in August 2017 to be operated on the Rhine-Neckar network as a regional and commuter train.
Commenting on the collaboration, Randy MacEwen, President and CEO of Ballard, said:
"We are seeing rapid market demand growing for clean energy fuel cell technology in a range of Heavy Duty Motive applications, including trains, trams, transit buses and commercial trucks. This Development Agreement with Siemens, a major industrial conglomerate and leading global train OEM, is a testament to the overall value proposition offered by Ballard's fuel cell technology in a demanding use case and duty cycle. In this application, fuel cells enable electrification with range, without the need for costly catenary wire infrastructure."
Sabrina Soussan, CEO of the Mobility Division at Siemens, added:
"Our cooperation with Ballard is a decisive step towards replacing diesel-powered rail vehicles with emissions-free vehicles in the long-term interests of sustainable and climate-friendly mobility. We want to be able to offer our customers flexible train solutions for various suburban routes, which vary according to regional conditions and technical possibilities."
About Siemens AG
Munich, Germany based Siemens is the largest industrial manufacturing Company in Europe. It is one of the world's largest producers of energy-efficient, resource-saving technologies and a leading supplier of systems for power generation and transmission as well as medical diagnosis. The Company is also a pioneer in the infrastructure and industry solutions businesses.
For fiscal year ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. The Company has around 351,000 employees worldwide.
About Ballard Power Systems Inc.
Headquartered in Vancouver, Canada, Ballard is the global leader in manufacturing clean-energy proton exchange membrane fuel cells which offer superior performance at a reduced operating cost. The Company's fuel cell products are designed to meet the power needs of customers from Transit Bus Operators, to Automotive, from Rail to Material Handling, and from UAV and Defence to Critical Infrastructure industries. The Company not only provides fuel cells to help customers reduce costs and risks, but it also helps customers in solving difficult technical and business challenges in their fuel cell programs. The Company, on November 08, 2017, delivered a 100-kilowatt FCveloCity® fuel cell engine to ABB Marine & Ports Finland which will be used for onsite power at a Royal Caribbean Cruises, Ltd.
Last Close Stock Review
On Wednesday, November 15, 2017, the stock closed the trading session at $4.61, slipping 6.49% from its previous closing price of $4.93. A total volume of 3.56 million shares have exchanged hands, which was higher than the 3-month average volume of 2.86 million shares. Ballard Power Systems' stock price soared 64.64% in the last three months, 73.31% in the past six months, and 136.41% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 179.39%. At Wednesday's closing price, the stock's net capitalization stands at $802.74 million.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily