A number of analysts are slashing Ballard share price targets
Ballard spins its wheels
Share guidance for Ballard Power Systems was downgraded this month following uncertainties surrounding the Chinese fuel cell market
Fuel cell manufacturer Ballard Power Systems’ sales and revenue have been flat in 2021 despite expectations of growth this year, with a lack of policy clarity weighing on sales in its all-important Chinese market. Ballard invested $87mn in its business in 2021– compared to revenue of $96mn in the twelve months to September. This included $20mn to expand production capacity at its British Columbia plant by six times and $67mn for its share of a newbuild factory in Shandong Province, China. The latter is a joint venture with Weichai Motors, the world’s largest diesel manufacturer, and has been described as the largest in the world for manufacturing proton-exchange membrane (PEM) fuel cells fo
Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment
