Ballard announced that it will supply approximately 1,000 hydrogen fuel cell engines by 2027, marking the largest order in the company's history.
The Zhitong Finance App learned that Ballard Power Systems (BLDP.US) has signed a long-term supply agreement with European bus manufacturer Solaris Bus & Coach. Ballard announced that it will supply about 1,000 hydrogen fuel cell engines by 2027, marking the largest order in the company's history. Boosted by this news, the company surged in early trading on Monday. As of press time, Ballard was up 12% to $3.12.
According to information, the long-term supply agreement consolidates existing orders for about 300 fuel cell engines, while adding aftermarket and extended warranty services to these existing orders. The new supply commitment will add about 700 fuel cell engines and related aftermarket extended warranty services.