Contact

Ballard Power – well-prepared, still going strong

By

April 15, 2020

Image titel:

Sources:

Ballard Power – well-prepared, still going strong

Telecommunication pole, Thailand.
Telecommunication pole, Thailand.

The manufacture of the new powerful LCS stack, through a Weichai-Ballard joint venture in China, will start in the second half, or around the middle, of 2020. In my opinion, it will lay the foundation for high, long-term growth in revenue and profit. Considering what month it is, we will not have to wait long to find out. The positive news coming from this will form the basis for price trends throughout the year. I estimate a big jump, as Ballard Power is the global leader in manufacturing fuel cells.

Encouraging results in 2019 – more on the horizon

Advertisements

The numbers for fiscal year 2019 turned out well. Fourth-quarter results were in line with expectations. Revenue was USD 41.9 million, bringing year-on-year growth to 47 percent, more than USD 10 million above forecast. Full-year revenue came to USD 106.3 million; the net loss per share was USD 0.04. Ballard also had a healthy reserve of USD 147.8 million in cash. Regarding 2020, the company anticipates a total revenue of USD 130 million. It also said it would raise fresh capital from time to time through an at-the-market equity program, which could rake in up to USD 75 million. This puts Ballard [Nasdaq: BLDP] in a good market position, since it will not need new loan facilities or more than a small amount of the cash it has on hand. Maybe, though, it wants the USD 75 million for something else, like buying another company?

Fuel cells for radio towers

In January, SFC Energy and adKor placed an order with Ballard for 500 fuel cell systems, to be deployed at radio tower sites in Germany. Another 1,000 may be added at a later date. This is a highly intriguing piece of news, as the company once planned to branch out into the sector in China. It was reportedly in talks with China Tower, which owns over 35,000 towers, though the talks were going nowhere. Now, Ballard will finally be able to enter a market that it has had an eye on for a long time.

read more in H2-international May 2020

Risk warning
Share trading can result in a total loss of your investment. Consider spreading the risk as a sensible precaution. The fuel cell companies mentioned in this article are small- and mid-cap businesses, which means their stocks may experience high volatility. The information in this article is based on publicly available sources, and the views and opinions expressed herein are those of the author only. They are not to be taken as a suggestion of what stocks to buy or sell and come without any explicit or implicit guarantee or warranty. The author focuses on mid-term and long-term prospects, not short-term gains, and may own shares in the company or the companies being analyzed.

Author: Sven Jösting, March 19th, 2020

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Jun 13 2024

H2 Bank Selects Seven Projects”

The European Commission is allocating nearly 720 million euros to seven projects for renewable...
Jun 13 2024

World’s one-of-a-kind H2 test lab

Electrolyzers on the test bench In Hydrogen Lab Bremerhaven, manufacturers and operators of...
Jun 13 2024

First commercial green hydrogen production

Solar Global operates electrolyzer plant in Czech Republic An electrolyzer in the town of...
Jun 12 2024

Hydrogen 3.0

“Are we on the cusp of a hydrogen revolution or merely witnessing the build-up of another bubble?”...
Jun 12 2024

Mechatronic H2 pressure regulator

Up until now, Italian company Landi Renzo has been mainly known for its conversion sets for gas...
Jun 11 2024

Establishment of a metrological infrastructure

Flow measurement of high-pressure gas and liquid hydrogen In the field of flow measurement, the...
Jun 11 2024

FRHY Stack, first of its kind!

Technology platform for high-rate electrolyzer production The cooperative FRHY project, which...
Jun 10 2024

HySupply – German-Australian hydrogen bridge

Acatech and BDI show what’s feasible Defossilizing the energy system is an important goal of the...
Jun 05 2024

In the beginning was the refueling station

Creating planning security through the development of H2 infrastructure We have long discussed the...
Jun 04 2024

Digital potential

Low-cost green hydrogen through digitalization Plans to expand Germany’s hydrogen landscape are...
Jun 04 2024

A new energy infrastructure is emerging

“Green” and “blue” ammonia from other continents to come to Europe Ammonia produced from...
May 31 2024

Fuel cell systems for grid hardening

Interview with Christian Leu and Benedikt Eska from Axiosus An important but often neglected area...
May 30 2024

A new energy infrastructure is emerging

“Green” and “blue” ammonia from other continents to come to Europe Ammonia produced from...
May 16 2024

New CFO for H-Tec Systems

Electrolyzer manufacturer H-Tec Systems underwent restructuring at the turn of the year and...
May 16 2024

One-man show continues to grow

Hydrogeit Verlag celebrates its 20th anniversary The Hydrogeit Verlag publishing house has been...
May 15 2024

Hydrogen for the post-coal era

Nuclear energy also to power electrolysis in Hungary In May 2021, Hungary published its national...
May 15 2024

Hüwener to lead OGE

Thomas Hüwener will become the new management spokesman for transmission system operator OGE from...
May 15 2024

Accelerating expansion and reducing hurdles

German government adopts power plant strategy It took a long time, but now it's here – the power...
May 15 2024

Brussels approves IPCEI projects

3rd funding wave for H2 infrastructure measures The decision has finally come. In mid-February...
May 15 2024

Apex becomes H2APEX

Apex, headquartered in Rostock, Germany, is continuing to make big strides forward in the hydrogen...

0 Comments

Leave a Reply