Dallas, Texas 02/03/2014 (FINANCIALSTRENDS) – Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) reported the agreement of supply for a German and saw shares marking a rise of over 14.8%. The agreement is to supply equipment for Solaris Bus and Coach, Hamburg, Germany. This includes supply of two fuel cells, zero emission power modules for the transport in Hamburg. The deal proves Ballard power systems continued proficiency growth in the fuel cell sector, with zero emission technology being the prime drivers.
Ballard Power Systems, Inc.(NASDAQ:BLDP) will deliver these equipment with innovative technology edge. The FC Velocity –HD7 power modules will be the latest technology available in the market for this hardware and will allow Solaris to move forward as a green business.
Earlier in January, the company had reported higher growth in the Asian market, after it signed up with Taiwanese company M-Field Energy in the stationary fuel cell power systems. The agreement is the sale of 400KW of fuel cell stack of FCgen-1300 models. These fuel stacks are expected to be further used by M-Field as multiple fuel cells for a project in which they are already loading base power. This project is expected to be a complete energy solution which is hybrid technology in character.
Ballard Power Systems, Inc.(NASDAQ:BLDP) currently holds a market cap of $231.81million. Volumes for the company are 3,913.904. The stock currently trades between the ranges of $1.98 high to $2.18 low. The 52 week high for the company is at $0.64 while the low is $2.70. The EPS for the company is -0.35 and beta of 1.81.
Ballard Power Systems, Inc.(NASDAQ:BLDP) is the design and development major with wide interest in the fuel cell product range. The company is also engaged in the fuel cell servicing and sale for projects spanning motive power as well as stationary power applications. Solar fuel cells acquisition by European businesses has always been a fundamental revenue aspect for most US based solar fuel cell companies.