Ballard Power Systems, Inc. - Common Shares (BLDP)
1.3547
+0.0147 (1.10%)
Ballard Power Systems is a leading provider of clean energy solutions, specializing in the development and commercialization of fuel cell technology for various applications
The company focuses on producing environmentally friendly power solutions that cater to sectors such as transportation, stationary power generation, and portable power, utilizing hydrogen as a clean fuel source. Ballard's innovative fuel cell products are designed to reduce greenhouse gas emissions and contribute to a sustainable energy future, making them crucial players in the transition towards more sustainable energy systems and driving forward the hydrogen economy.
PALM BEACH, Fla., March 19, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - According to a report from Grand View Research, the nickel mining industry worldwide is expected to reach a projected revenue of US$83.813 Billion by 2030. A compound annual growth rate of 6.6% is expected of the worldwide nickel mining industry from 2023 to 2030.Growth in end-use industries such as construction, consumer durables, and machinery & equipment are propelling the growth of the stainless steel industry. Nickel is one of the key raw materials of stainless steel. Hence, development in the stainless steel industry is contributing to the growth of the market. According to the Nickel Institute, over two-thirds of the world's nickel is utilized in the production of stainless steel. It acts as an alloying agent, enhancing essential properties such as formability, ductility, and weldability while also increasing corrosion resistance for specific applications. Another Grand View Research report said: “The nickel mining industry is highly competitive and to gain an edge, major players are acquiring their competitors. The batteries segment is anticipated to register the fastest CAGR of 7.2% in terms of revenue, over the forecast period (2030). Nickel batteries offer a cost-effective solution for achieving higher energy density and storage capabilities.” Active Companies in the market today include: First Atlantic Nickel Corp. (OTCQB: FANCF) (TSX-V: FAN), Ballard Power Systems (NASDAQ: BLDP), First Hydrogen Corp. (OTCPK: FHYDF) (TSX-V: FHYD), Bloom Energy Corporation (NYSE: BE), FuelCell Energy, Inc. (NASDAQ: FCEL).
BLDP stock down after reporting Q2 FY24 results with revenue miss and reduced capital expenditure guidance. Net new orders of $5.0M and cash of $678.0M. CEO optimistic about long-term potential of hydrogen fuel cells, despite near-term order lumpiness.
The resilience of the market was in full display on Monday after last week’s “historical comeback” by the market. The major index futures traded higher, albeit by a modest magnitude.
Element 1 Corp, a pioneer in on-demand hydrogen generation technology, and Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP), have joined forces to accelerate the adoption of sustainable hydrogen energy solutions. This groundbreaking collaboration aims to revolutionize the way we generate and utilize hydrogen for various applications.
