Latest news with #BallardPowerSystems
Cision Canada
21 hours ago
- Business
- Cision Canada
Ballard Power announces results of 2025 Annual General Meeting of Shareholders
VANCOUVER, BC, June 5, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2025 Annual General Meeting, which was held on June 4 th. All nominees listed in the Management Proxy Circular dated April 7 th, 2025 were elected as directors of the Company. Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy. Director biographies are available in the "Our Leadership" section of the Company's website. In addition, KPMG LLP, Chartered Accountants, was re-appointed as auditor for the Company, and an advisory vote approved the approach to executive compensation. Details of each of these resolutions are included in the Company's Management Proxy Circular. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit Further Information
Cision Canada
21 hours ago
- Automotive
- Cision Canada
Ballard announces 1.5 MW fuel cell engine order for Sierra Northern Railway
VANCOUVER, BC, June 5, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a new supply agreement with California-based rail operator Sierra Northern Railway ( for the supply of 1.5 MW of fuel cell engines, expected to be delivered in 2025. As part of Sierra Northern Railway's efforts to decarbonize its operations across California, 12 Ballard FCmove ® -XD engines will be supplied to convert three diesel switching locomotives to hydrogen-fueled, zero-emission locomotives. The FCmove ® -XD modules are specifically designed for heavy-duty applications, offering high reliability, durability, efficiency and power density, and provide the benefits of zero emissions without the need for costly overhead catenary systems. "We are thrilled to collaborate with Sierra Northern Railway on this groundbreaking project" said Randy MacEwen, President and CEO of Ballard Power Systems. "This partnership underscores the versatility of our industry leading fuel cell technology and the critical role fuel cells can play in advancing sustainable rail solutions. We are excited to continue Ballard's momentum in decarbonizing the North American freight rail sector." Kennan H. Beard III, President of Sierra Northern Railway commented, "Integrating Ballard's fuel cell modules into our switching locomotives aligns with our commitment to innovation and environmental stewardship. This initiative not only enhances our operational efficiency but is also a pivotal step in California's efforts to reduce greenhouse gas emissions in the transportation sector." Trains powered by Ballard fuel cells offer safe and reliable zero-emission operations, including long range, fast refueling and flexible operation across a wide variety of routes and environmental conditions, acting as a 1:1 replacement of diesel engines on non-electrified rail lines. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit This release contains forward-looking statements concerning anticipated product deliveries, customer deployments, and customer benefits and market adoption of our products. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation. About Sierra Northern Railway Sierra Northern Railway (SERA) is the freight division of privately owned, Sierra Railroad Company. Sierra Railroad Company is also the principal owner of Sierra Energy Corporation, which has developed a proprietary waste- to- clean hydrogen technology: FastOx® gasification. Sierra Northern Railway currently operates approximately 75 miles of track in Northern California and 30 miles in Southern California through the heart of a number of the Golden State's prime industrial areas, serving a wide variety of customers, and interchanging with both BNSF Railway and Union Pacific Railroad.
Yahoo
21 hours ago
- Business
- Yahoo
Ballard Power announces results of 2025 Annual General Meeting of Shareholders
VANCOUVER, BC, June 5, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2025 Annual General Meeting, which was held on June 4th. All nominees listed in the Management Proxy Circular dated April 7th, 2025 were elected as directors of the Company. Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy. Director biographies are available in the "Our Leadership" section of the Company's website. Director Nominee Votes For % For Votes Withheld % Withheld Kathy Bayless 84,684,573 97.71 1,988,964 2.29 Michael Chen 84,336,534 97.30 2,337,005 2.70 Jacqueline Dedo 78,793,325 90.91 7,880,214 9.09 Douglas P. Hayhurst 78,041,127 90.04 8,632,412 9.96 Randy MacEwen 84,892,738 97.95 1,780,800 2.05 Hubertus M. Muehlhaeuser 77,913,248 89.89 8,760,291 10.11 Marty Neese 84,225,903 97.18 2,447,635 2.82 James Roche 84,789,591 97.83 1,883,947 2.17 Yingbo Wang 84,290,998 97.25 2,382,540 2.75 Janet Woodruff 77,861,876 89.83 8,811,662 10.17 In addition, KPMG LLP, Chartered Accountants, was re-appointed as auditor for the Company, and an advisory vote approved the approach to executive compensation. Details of each of these resolutions are included in the Company's Management Proxy Circular. Item Votes For % For VotesAgainst % Against Withheld/ Abstain % Withheld/ Abstain Appointment of Auditors 88,666,862 85.24 - - 15,351,003 14.76 Executive Compensation 76,971,303 88.81 9,702,236 11.19 - - About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit Further Information Ballard Power Systems:Sumit Kundu –Investor Relations, +1.604.453.3517 or investors@ View original content to download multimedia: SOURCE Ballard Power Systems Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
28-05-2025
- Business
- The Market Online
Green shoots: Small-cap clean tech and energy stocks to watch
As the global economy accelerates its transition toward sustainability, Canadian small-cap clean tech and energy companies are gaining momentum Two standout names—Ballard Power Systems and TerraVest Industries Inc.—are proving that innovation and execution can drive growth, even in a volatile market Revenue for Ballard's Q1 2025 reached $15.4 million, marking a 6% year-over-year increase TerraVest closed a bought deal treasury offering, generating gross proceeds of $320.76 million As the global economy accelerates its transition toward sustainability, Canadian small-cap clean tech and energy companies are gaining momentum. Two standout names—Ballard Power Systems and TerraVest Industries Inc.—are proving that innovation and execution can drive growth, even in a volatile market. Ballard Power Systems: Fuelling the future Earlier this month, Ballard Power Systems (TSX:BLDP) announced its Q1 2025 results, offering a glimpse into the company's strengthening fundamentals. Revenue for the quarter reached $15.4 million, marking a 6 per cent year-over-year increase, primarily fueled by robust demand in the bus market. Notably, engine shipments surged 31 per cent, underscoring Ballard's growing traction in the hydrogen fuel cell space. This performance is more than just a quarterly win—it reflects a broader trend of increasing adoption of zero-emission transportation solutions. With governments around the world, including Canada, doubling down on clean energy incentives and infrastructure, Ballard is well-positioned to capitalize on this momentum. TerraVest Industries Inc.: Building an energy empire Meanwhile, TerraVest Industries Inc. (TSX:TVK) made headlines last week with a major capital raise. The company successfully closed a bought deal treasury offering, issuing 2,001,000 common shares at $160.30 per share, generating gross proceeds of $320.76 million. This includes $41.84 million from the full exercise of the over-allotment option granted to underwriters led by National Bank Financial Markets, Canaccord Genuity, and Desjardins Capital Markets. The net proceeds will initially be used to repay existing debt and support general corporate activities, with a longer-term view toward future acquisitions and growth opportunities. TerraVest's diversified portfolio in energy equipment manufacturing and its disciplined capital allocation strategy make it a compelling player in the clean energy value chain. A Month of momentum Looking back on the month, both companies have rewarded investors with solid gains: TerraVest stock is up 11.68 per cent Ballard Power Systems stock rose 7.54 per cent These gains reflect growing investor confidence in their respective strategies and the broader clean energy narrative. Final thought: Due diligence is key While the recent performance of Ballard and TerraVest is encouraging, investors should conduct deeper due diligence into each company's fundamentals, competitive positioning, and long-term growth prospects. Clean tech is a sector rich with potential—but also complexity. As the green economy takes root, these small-cap innovators may just be the green shoots that grow into tomorrow's giants. Join the discussion: Find out what everybody's saying about these stock on the diversified utilities Bullboards, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
08-05-2025
- Business
- Yahoo
Ballard Power Systems First Quarter 2025 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: US$15.4m (up 6.5% from 1Q 2024). Net loss: US$21.0m (loss narrowed by 49% from 1Q 2024). US$0.07 loss per share (improved from US$0.14 loss in 1Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 29%. Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in Canada. Performance of the Canadian Electrical industry. The company's share price is broadly unchanged from a week ago. Before we wrap up, we've discovered 2 warning signs for Ballard Power Systems that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
