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Ballard Power – Over 50 percent of stock market valuation in cash

Ballard Power – Over 50 percent of stock market valuation in cash

The new hydrogen train from Siemens, © Siemens

The new hydrogen train from Siemens, © Siemens

It is unfortunately so: There are many traders and short sellers, but also some analysts, who do not focus on the prospects of a company, but take quarterly results as the basis for classification – a very short-term placement, but of course with a (short-term) impact on the share price performance. We’re also seeing this with Ballard, for which I often hear that the turnover is disproportionate to the stock market valuation and that the company is still making losses. (more…)

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The stock exchange is also guided by interests

The stock exchange is also guided by interests

Prices from 15 August 2021, © www.wallstreet-online.de

Prices from 15 August 2021, © www.wallstreet-online.de

The daily price fluctuations of the shares in the hydrogen and fuel cell sector discussed here – primarily those from the USA and Canada – give an indication that very different interests determine events here: Thus, on many days in July 2021, there was a concurrence of price declines with almost identical percentage losses in the prices of all these shares with manageable trading volumes at the same time. In other words: The buy side held back and the forces betting on falling prices had the upper hand. However, no selling pressure could be detected, which is reflected in the amount of shares traded. (more…)

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Nikola Motors – Ex-Chief Executive Officer facing charges

Nikola Motors – Ex-Chief Executive Officer facing charges

Trevor Milton, © Nikola

Trevor Milton (l.), © Nikola

Former CEO, company founder and major shareholder (with an estimated 20 per cent of the company still owned) Trevor Milton has been charged with making “misleading, false statements directly to the investing public” via social media and television, print and podcast interviews, according to an SEC investigation. A court has frozen assets worth US$ 100 million belonging to Trevor Milton. However, the company has nothing to do with it. Construction work at the Coolidge plant is progressing according to plan. In parallel, there were various cooperation agreements with distributors as well as service points for repairs – now already 116. In addition, Nikola is expanding the sector of consumables – electricity supply contracts for battery-electric trucks as well as for the in-house production of hydrogen. The H2 infrastructure is being built in parallel. (more…)

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Ballard Power – 2022 will be the year of the breakthrough

Ballard Power – 2022 will be the year of the breakthrough

Hubertus Mühlhäuser, © CNH

© CNH

The company has now been in the fuel cell business for more than 40 years, with founder Geoffrey Ballard initially relying on lithium batteries before favouring fuel cells and moving the company in that direction. Technologically, the Canadians have always been at the forefront, optimising and positioning themselves and investing massively (over US$ 1 billion) in research and development. This will now pay off step by step. (more…)

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Ballard Power quietly sharpens its edge

Ballard Power quietly sharpens its edge

JCB excavator powered by a Ballard fuel cell, © JCB Group
© JCB Group

Ballard [Nasdaq: BLDP] is quietly moving forward with forging new alliances around the world. Or, more specifically, the company is building prototypes that are sure to lead to joint ventures and partnerships to commercialize stacks and modules and components for parts suppliers. I previously covered Ballard’s business relationship with Mahle. Now, Ballard has teamed up with compressor manufacturer Chart Industries, as well as Linamar, a Canadian automotive supplier with sales of USD 7.5 billion and over 26,000 employees. The aim of Ballard’s partnership with Linamar is to develop fuel cell powertrains for light commercial vehicles weighing up to 5 tons and for SUVs, and maybe other kinds of passenger cars in the future. Ballard might even consider forming a joint venture with a company such as Honeywell, to which the fuel cell maker sold its former subsidiary Protonex’ fuel cell drone program – but not before indicating plans for some type of future collaboration.

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