BLDP - Why Ballard Power Systems Shares Are Surging Today | Benzinga
Ballard Power Systems Inc. (NASDAQ:BLDP) shares are trading higher after the company disclosed winning the largest order of fuel cell engines in its history.
Notably, the company inked a Long Term Supply Agreement (LTSA) with its customer Solaris Bus & Coach sp. z o.o. for supplying 1,000 hydrogen fuel cell engines through 2027 for the European transit bus market.
The LTSA consolidates existing orders for around 300 fuel cell engines, with a new supply commitment for an incremental around 700 fuel cell engines and related after-market extended warranty services.
The company ...