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TSX: BLDP) today announced receipt of a purchase order for 3 of its FCveloCity® 100 kilowatt (kW) fuel cell modules from Berlin-based BEHALA (www.behala.de), a port and logistics specialist, to power the world's first zero-emission push boat. The boat, to be named Elektra, will be used primarily to transport goods between Berlin and Hamburg as well as on inner-city transport routes in Berlin. Ballard plans to work with BEHALA and other consortium partners to assist in the design, construction and deployment of the Elektra, with construction of the almost 20 meter long and 8.2 meter wide push boat scheduled to begin this month at the Hermann Barthel shipyard in Derben, Germany, and completion expected by end-2020.
In 2014 Randy MacEwen was appointed CEO of Ballard Power Systems Inc. (TSE:BLDP). This report will, first, examine the...
TSX: BLDP) today announced that the Company has been recognized by the Toronto Stock Exchange for its strong 3-year share price performance and named to the inaugural TSX30, a program launched earlier today. The TSX30 program recognizes the top 30 performers on the Toronto Stock Exchange over the period July 2016 to June 2019 , based on share price appreciation. Over the period July 1 st, 2016 to June 30 th, 2019, the price of BLDP shares on TSX rose 222% to C$5.35 , the 12th largest appreciation among all listed companies.
VANCOUVER, British Columbia, Aug. 28, 2019 -- Ballard Power Systems (Nasdaq and TSX: BLDP) has been invited to present at the 8th Annual Gateway Conference, which is being held.
Today we've highlighted 10 stocks that are currently trading for under $20 per share that investors might want to buy heading into September...
Revenue of $23.7M , 23% Gross Margin and ($5.0)M Adjusted EBITDA Order Backlog expanded to $211.6M at end-Q2 12-month Order Book increased 66% to $126.7M at end-Q2 VANCOUVER , July 31, 2019 /PRNewswire/ ...
This fuel cell leader is pointing to big things happening in 2020. But what can investors expect from its results for the second quarter of 2019?
Ballard (BLDP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TSX: BLDP) today announced a purchase order from Wrightbus (www.wrightsgroup.com), a leading bus OEM and Ballard partner headquartered in Northern Ireland , for 15 FCveloCity®-HD 85-kilowatt fuel cell modules to power buses for deployment in Aberdeen, Scotland under the Joint Initiative For Hydrogen Vehicles Across Europe ("JIVE") funding program. The 15 two deck, zero-emission StreetDeck fuel cell electric buses (FCEBs) are 10.9 meters (36 feet) long and can carry up to 64 passengers. All the Ballard modules in this order are expected to ship by end-2019 and the buses are expected to be deployed with First Aberdeen transit agency by end-2020.
TSX: BLDP), a global fuel cell pioneer celebrating its 40th anniversary in 2019, today announced that it has arranged for several Ballard employees to purchase B.C.'s first fleet of fuel cell electric vehicles (FCEVs) from Toyota Canada Inc. (TCI). Ballard employees are expected to purchase the Toyota Mirai zero-emission FCEVs powered by hydrogen in 2019, with initial vehicle deliveries completed today.
Plug Power (NASDAQ:PLUG) stock has performed well year-to-date. The hydrogen fuel cell company has seen its shares soar from $1.24 in January to $2.30 today. Despite the company's many issues (no profitability, dilutive capital structure), investors have high expectations for the company's future prospects.Source: Shutterstock But is PLUG stock a buy?Plug Power talks a good game, but has yet to show tangible results. The company's hype could burn investors if actual results fail to meet expectations.InvestorPlace - Stock Market News, Stock Advice & Trading Tips High Expectations for Q2According to their June 26, 2019 press release, Plug Power is "on pace for the largest second quarter in company history." Plug Power states that fuel cell deployments are set to increase "70% from the second year prior quarter." Sales are "on target to meet full year guidance of $235 to $245 million in gross billings," with "positive adjusted EBITDA" for 2019. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip This is in stark contrast to results from last quarter. In Q1 2019, gross billings were only $22.8 million. Operating cash flows were at $36.3 million. Inventory was up year over year (YoY) from $47.9 million to $65.5 million.The company claims Q1 results are the product of "end of quarter project timing around revenue recognition." Plug Power also notes the seasonality of their business, with two-thirds of sales occurring in the second half of the year.The company's hype of earnings more than a month prior to their release (early August) is a red flag. Speculation, not tangible results, is the current driver of the PLUG stock price. PLUG Stock Investors Have Bought the HypeThe key catalyst for the stock is new product development. Investors have bid up the PLUG stock price, expecting these new innovations to move the needle.Prior to the company's launch of ProGen, the company focused on the materials-handling business. Plug Power's GenDrive line of products provide fuel cells to power forklifts.But with the launch of the ProGen line, investors expect Plug Power to enter an even bigger market: delivery trucks. Plug Power has inked a deal with European electric vehicle maker StreetScooter to provide fuel cell engines for 100 of their vehicles.There's an even bigger potential catalyst that could move the PLUG stock price. There is some speculation that Plug Power could win big if Amazon (NASDAQ:AMZN) decides to purchase ProGen fuel cell engines in conjunction with bringing logistics in-house.As Plug Power's second-largest customer, Amazon already has an involvement with Plug Power. In 2017, Amazon received warrants to buy up to 55.28 million shares of Plug Power stock, in conjunction with Amazon's purchase of GenDrive products for their warehouse operations.But does this equal future Amazon involvement? With the warrants, Amazon has a clear financial incentive to buy fuel cells from Plug Power. But with announced deal, the Amazon rumors remain speculation. Valuation: PLUG Is in Line With PeersPlug Power's main publicly-traded competitors are Ballard Power Systems (NASDAQ:BLDP), and Hydrogenics Corporation (NASDAQ:HYGS). Neither Plug Power nor its competitors generate net earnings, so other sales metrics are needed to do a comparison.Looking at the enterprise value to sales metric (EV/sales), PLUG appears to be fairly valued. The TTM EV/sales ratio for PLUG is 4.82, lower than both BLDP (8.98) and HYGS (8.07).Unlike its competitors, PLUG has shown YoY sales growth (about 50%). BLDP and HYGS have seen sales declines of 22% and 28.8%, respectively. Plug's Capital Structure Could Lead to Shareholder DilutionAccording to Plug Power's last 10-Q filing, the company had 245.4 million outstanding shares. But add in 21.1 million outstanding stock options, 2.37 million restricted shares, 115.8 million warrants, preferred stock convertible into 17.9 million shares, and senior notes convertible into 43.63 million shares, and the number of "dilutive potential common shares" is 200.87 million. This increases share count by about 82%.If Plug Power reaches profitability, the dilutive capital structure minimizes potential upside. Investors should keep this in mind before buying PLUG stock. Bottom Line: Plug Stock More Hype Than OpportunityFuel cell technology will likely remain a niche product, but may gain heavy market share in delivery fleets. This trend could add fuel to the PLUG stock price.Plug Power is moving in the right direction by targeting the electric delivery vehicle market, but needs capital to turn this strategy into profits. The company's capital structure is already potentially dilutive. Future capital infusions could further reduce potential upside for PLUG common stock holders.Investors have bid up Plug Power stock on high growth expectations. But with lack of tangible performance results until August, Plug Power is not a buy today.On the other hand, investors should be cautious trading around Plug Power stock. Given the company's small size (market cap of $569 million), any crumb of "good news" could send PLUG stock price higher.It's tough to "predict the unpredictable." With Plug Power, there are too many questions, and not enough answers.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Don't Believe the Hype Powering PLUG Stock Price appeared first on InvestorPlace.