Dallas, Texas 04/07/2014 (FINANCIALSTRENDS) – Ballard Power Systems Inc. (USA) (NASDAQ:BLDP), a stock despite being the favorite of the investors, has seen a drop in the share price by 6.98%. In the history of almost 21 years as a public sector company, this is the first time that the company is poised to report its first profit. The CEO John Sheridan who is supposed to retire in the end of 2014 after a term of nine years as a CEO has always been known to be focusing on fuel cells for buses, telecommunication towers, forklift, and have sidelined the business with the car companies like Ford, Daimler etc.
Current engagements of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP)
Ballard Power Systems is engaged in developing and commercializing the proton exchange membrane fuel cells all over the world. Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) is completely involved in the designing, developing, manufacturing and sale of fuel cell stacks. The company also is involved in the service and licensing of fuel cells.
Present trading of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP)
In the latest news
Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) has opened on the higher side as a result of the news that came in. Van Hool which is one of the largest manufacturers of buses has delivered the first four buses that have been powered by Ballard Power. The delivery of the remaining six buses will be delivered in Scotland’s Aberdeen to the transit agencies. Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) feels that the arrival of the first ten buses is the major step towards the improvement of the bus demonstration program that is proposed to happen on a large scale.
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