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Ballard Power Systems Inc. (BLDP)

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  • R
    Richard
    Bearish
  • L
    Le Pétomane
    Roth Capital analyst Craig Irwin downgraded Ballard Power Systems (NASDAQ: BLDP) from Buy to Neutral with a price target of $15.00 (from $32.00).

    The analyst comments "While this is not final, it appears that Shandong Province, where Weichai is based, has been left off the list of first Chinese fuel cell demonstration cities. That means it is likely Weichai/Ballard will have delayed access to the China fuel cell subsidies. This coincides with the large 1Q21 revenue miss driven by Weichai revenue down ($8.7m) or (65%) Y/Y. We would look to revisit our rating after Chinese fuel cell subsidies potentially start flowing to Ballard and its partners."
  • F
    Frio
    Good Morning fellow longs! Could the carnage be over? Sure hope so.

    The market for fuel cells over the next several years remains huge and Ballard will be a big part if this. Nothing will change this. Buy and/or hold! With over $1 billion in cash I just don’t see any need for concern. Ballard has the ability to scale up with significant cost reductions and for M&A opportunities both of which were discussed very positively.

    It is indeed curious about our old pal without a nickname?? I suppose a hack is possible?

    The best to all longs! See you back at $20, $30, $50, ...
    Bullish
  • O
    OXI OLDIE1929
    Ballard has a long record of having its PEM fuel cell technology and products integrated into FCEVs to provide zero-emission motive power for vehicle propulsion. This includes in excess of 570 fuel cell electric buses (FCEBs) and 2,000 commercial trucks currently deployed in Asia, Europe and North America. Some of the FCEBs that have been operating for over eight years in the field have now exceeded 35,000 hours of revenue service with no major fuel cell maintenance requirements.Ballard's unmatched field experience -- through eight generations of fuel cell power module and a wide range of duty cycles, climate and road conditions -- has enabled an effective feedback loop for our product design and development efforts, resulting in the fuel cell industry's highest performance products designed for heavy- and medium-duty motive applications, including bus, commercial truck, train and marine."Ballard products have been deployed in the field are strongly aligned with use cases examined in the Hydrogen Council's "Path to Hydrogen Competitiveness: A Cost Perspective" report and the Deloitte China-Ballard.
    Despite the fact that China is home to some of the world’s largest manufacturers of batteries for electric vehicles, and also has the largest populations of battery electric vehicles in the world, China has decided to phase out government subsidies for battery electric vehicles and to introduce large subsidies for vehicles that are electrified with fuel cells. Since the end of last June when the subsidies were scrapped, the demand for electric vehicles in China has dropped substantially. According to the China Association of Automobile Manufactures, domestic sales of battery electric vehicles dropped by 80,000 in last July. According to the news site 24/7 Wall Street, lower Chinese sales was the main reason for why the month of July marked the first drop in global sales of electric vehicles since 2008.“China has tried to electrify its automotive fleet with battery technology but has concluded that it is not a viable option in a country where a large part of the population lives in apartment buildings in mega-cities ,In addition to the problem of how to build enough charging stations, the Chinese have come to realize that industrial grid capacities is a bottle neck when the total proportion of battery electric vehicles becomes too high. This is a development that the West and world will experience as well and that makes hydrogen and fuel cells the only long-term viable alternative for the needed electrification of the automotive future sector.
  • D
    Davide
    Price wise yall see plug, ballard and fuel cell in a few years?
  • F
    F
    Ballard and Linamar Form Strategic Alliance to Develop Fuel Cell Solutions for Light-Duty Vehicles
    VANCOUVER and GUELPH, CANADA – Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) and Linamar Corporation (TSX: LNR) today announced the formation of a strategic alliance for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles, weighing up to 5-tons, initially in North America and Europe.

    With emission regulations, zero-emission vehicle mandates and low emission zones in-place in many jurisdictions around the world, there is a key imperative to find truly green end-to-end solutions that combine zero-emission operation with zero-emissions fuel sources. Fuel Cell Electric Vehicles (FCEVs) are an answer to that challenge.

    In particular, there is growing demand for FCEVs that can operate on long duty cycles – without payload compromise – and be rapidly refueled in order to maximize fleet utilization.

    In the initial phase of work under a Framework Agreement, a fuel cell powertrain solution will be developed, with Ballard providing the fuel cell subsystem and Linamar providing the rolling chassis, tanks, enclosures, cradles and other balance of plant needs as well as final assembly. Following successful testing of the demonstration platform, Ballard and Linamar contemplate the formation of a joint venture to sell and support powertrains with fuel cell systems and an interchangeable rolling chassis for use in a range of light-duty class 1 and 2 vehicles, including passenger cars, SUV’s, light trucks and commercial vans.

    “The establishment of this partnership to commercialize solutions for light duty vehicles using Fuel Cell technology is transformative for the future of mobility and combines the global technology leadership of two great Canadian businesses,” said Linamar CEO Linda Hasenfratz, “Our Plug and Play concept will make the evolution from Battery Electric Vehicles to FCEV seamless and drive real change in terms of environmental sustainability.”

    Randy MacEwen, Ballard President and CEO added, “We are excited to form a strategic alliance with Linamar, a leading global manufacturer of precision products and powertrain system solutions that is leaning into the future of zero-emission mobility. In addition to our existing joint working relationship on the recently announced UPS delivery vans trial in California, we now deepen our collaboration based on a joint vision to provide zero-emission fuel cell powertrains for light-duty vehicles, particularly those that require long range, extended duty cycle and rapid refueling.”

    About Ballard Power Systems

    Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks. To learn more about Ballard, please visit www.ballard.com.

    About Linamar Corporation

    About Linamar: Linamar Corporation (TSX:LNR) is an advanced manufacturing company where the intersection of leading-edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for the future. The Company is made up of two operating segments – the Industrial segment and the Transportation segment, both global leaders in manufacturing solutions and world-class developers of highly engineered products. The Industrial segment is comprised of Skyjack and MacDon. Skyjack manufactures scissor, boom and telehandler lifts for the aerial work platform industry. MacDon manufactures combine draper headers and self-propelled windrowers for the agricultural harvesting industry. The Transportation segment is subdivided into three regional groups: North America, Europe and Asia Pacific. Within the Transportation segment, the regional groups are vertically integrated operations combining expertise in light metal casting, forging, machining and assembly for both the global electrified and traditionally powered vehicle markets. The Transportation segment products are focused on both components and systems for new energy powertrains, body and chassis, driveline, engine and transmission systems of these vehicles. McLaren Engineering provides design, development, and testing services for the Transportation segment. Linamar has over 26,000 employees in 61 manufacturing locations, 12 R&D centres and 25 sales offices in 17 countries in North and South America, Europe and Asia which generated sales of $7.4 billion in 2019. For more information about Linamar Corporation and its industry leading products and services, visit www.linamar.com or follow us on Twitter at @LinamarCorp.
  • D
    Daniel
    Amy Legate-Wolfe
    Sat., May 1, 2021, 9:00 a.m.

    TSLA
    +4.79%

    BLDP
    -1.17%
    Momentum seekers in the market can’t help but look to Bitcoin for wealth these days. This cryptocurrency and others even related to the industry have seen massive growth in the past few months. After a year of growth in 2020 for many tech stocks, investors want that same rush they got last year.

    But if you’re looking to Bitcoin, it’s a risk. The valuation simply rides on what people believe its value to be. This is why Warren Buffett and others aren’t exactly on the side of Bitcoin.

    Even still, it looks like the future is headed that way. However, if you’re wanting less risk but plenty of rewards, there’s another stock I would consider before Bitcoin.

    Ballard over Bitcoin
    While it might not be as sexy as Bitcoin or even electric vehicle (EV) companies like Tesla, Ballard Power Systems (TSX:BLDP)(NASDAQ:BLDP) has finally hit its stride. The company and its hydrogen fuel cell technology aren’t looking to take over the personal vehicle industry. Instead, it’s looking bigger.

    Ballard Power hopes to become the go-to for trucking, municipal transit buses, railways, and shipping in the new EV age. Hydrogen power can apply more than 60% of energy to vehicle propulsion. And it looks like the company has finally got that chance.

    The company already has several large partnerships with companies like Ford and Daimler AG. These companies alone have invested millions into Ballard. However, with Tesla available shares in the company slumped until recently. Ballard stock instead switched gears to heavy-duty vehicles. It’s this avenue that should create major revenue now.

    China deal
    There are about four million commercial truck sales each year around the world. Nearly half of them are in China. The immense growth in this country leaves opportunities for companies like Ballard. That’s especially as China is also the largest consumer and producer of EVs.

    Ballard already secured a $163 million deal with Weichai Power Co. back in 2018, becoming its largest shareholder with 15% stake in the company. But that investment has paid back huge with a joint venture that commissioned the production of 20,000 hydrogen fuel cell stacks per year.

    As of 2020, China accounts for US$54.2 million of Ballard’s US$103.8 million in revenues. But now the company is seeking the same growth in Europe as the next opportunity. This area currently takes up US$36.4 million of the company’s revenue.

    Bottom line
    Bitcoin may be booming, but there are plenty of opportunities left for Ballard, as the company continues to expand. In fact, the biggest opportunity is still underway. Ballard recently made a deal to provide six hydrogen fuel cells for Canadian Pacific Railway. Should this deal turn fruitful, which it should, replacing diesel-powered vehicles with hydrogen fuel cells could be worth $4 billion worldwide by 2030, according to estimates.

    And again, this would lead to even more expansion throughout the world in the railway industry. Expansion the company has already seen lead to a market share in China, Europe, and North America. While future growth could lead to some losses in the short term, management believes long-term investors will be handsomely rewarded.
  • S
    Shakedown Street
    Oh well, that is unfortunate but in the end Ballard will be the dominant fuel cell provider. Ballard and possibly Plug are diversifying their products, for example Ballard used to be more in drones and material handling and is now in boats, trains and heavy duty motive. They are doing this to capitalize on the huge upcoming demand but losing in some of the short term gains by reinvesting. In the end the numbers will prevail.
  • R
    Raoof
    OMG what a relief so nice to see Green in Premarket after long time lets hope this downside is over and we can get back to $25.00 Again slowly and steady wins the race
  • R
    Realisto
    all gas giants are involved in blue and green hydrogen projects, their existing stations will be extended over time - this will come big in a couple of years. current low point is momentary and offers clever investors excellent entry points - buy and/or hold
  • F
    Frio
    I'll be on the call and can share info as we go if anyone is interested? Let me know.
    Bullish
  • B
    Brian
    How did you miss 28.09 revenue with 17.6 million actual. And 6 cents a share loss. In a way thats a better than expected beat since revenue so far down. If they expected 4 cent loss on 28.09 Then 6 cents loss on 17.6 is improvement. But it will be spun as a negative. For orchestrated shorts. I think Ballard did well on EPS on that small revenue. Analyst ? will disagree. 1.5 billion in cash is great. GL longs.
  • R
    Realisto
    $NEL.OL conversation
    nice recovery day, after all these red days, a forgiving end of the week. Hydrogen has so much potential, but it's definitely a longterm play, in 5 - 10 years, hydrogen will be very present and a huge factor for reducing carbon oxygen emissions; there's no alternative - long $NEL $PLUG $BLDP
    Bullish
  • c
    cekorv
    I m not a shareholder of Ballard but I have been. They have said in the past that revenue will hit 12 billion by 2030. I think this ia reasonable when you think of the marine induatry and how many fuel cells will be needed to power the hugh ships. China is set to put their fuel cell polixy in place... right now Plug has revenue that are5 times that of Ballard and is involved in the high margin business of making green hydrogen. They have the fast growing electrolyzer business which makes its mea plates on the same production line as they make their fuel cells. This helps bring costs down for both business lines.
  • G
    Greg
    https://www.reuters.com/business/sustainable-business/german-govt-aviation-sector-agree-green-aviation-fuel-plan-2021-05-06/

    Indications that the EU thinks that airlines will be decarbonized with bio-fuels, not fuel cells.
    Neutral
  • F
    Frio
    More alliances adding to the Ballard snowball.

    “May 3, 2021 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) and Linamar Corporation (TSX: LNR) today announced the formation of a strategic alliance for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles, weighing up to 5-tons, initially in North America and Europe.”
  • J
    Jan
    We should understand what Ballard stands for and see the positive of what they do has tremendous impact of how we gonna live on this planet and we should encourage the ckmpany of axceleration its progress because the glaciers are melting and we need to step up as fast as we can too save our planet earth and hydrogen is a excellent solution and how more we invest how more they can improve there product and make it more economical alternative we should invest more and not look at the fluxuations and get emotional affected the planet does not stop turning and its crying out to us i need help?
    Think for the planet do not envolve politics or where we are from we talking about global action is needed collabration working hand in hand not greet greet is destructive it never hsve proven to give goodness back our children deserve a good future and all of us are responsible to give them a beautiful world to live in end be able to enjoy this beautiful world i we all think positive and put a little love in our heart than we should push this company up high as we can because there solution is working good sofar and if we stand behind them they can keep moving forwards and keep upgrading there product to become best solution i invest myself not just for profit but for a better living to all people the air we breath imagine if we accomplish the transformation faster what would be the benefits better Air we all breath? The rain which contains less pollution which make everything grow? And not forget the light of the Sun which is the source of living if the light ckmes dow through a cleaner air than its purity of spectrums will impact our growth of our nature and recovery is important we should recognize our mistakes and look at how we can repair because this is priority one and its for all of us working united hand in hand no judgement no politics no believes but simply united.

    My humble opion shared

    Jan Kroon (Dutch/Canadian)
  • U
    Uncle A
    On the bright side, there are some big institutional investors who bought this at 37
  • M
    Mike S
    Great question asked by TD Securities. Basically asked "how can we interpret press releases by the company announcing partnerships, MOUs, etc.. when you have a quarter like you just had". PR doesn't matter if there is NO money attached to it. For now it's all just feel good announcements.