Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

BLDP 3.565

+3.6%

3:59 PM EDT

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From: kidl	10/1/2020 9:14:31 AM
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Globe says Lake's Brown likes Ballard Power's outlook Ballard Power Systems Inc (C:BLDP) Shares Issued 244,289,430 Last Close 9/30/2020 $20.12 Thursday October 1 2020 - In the News The Globe and Mail reports in its Thursday, Oct. 1, edition that Lake Street Capital analyst Robert Brown says Ballard Power Systems' analyst day increased his confidence that a "meaningful future market penetration rates are achievable," citing its "leading technology, key strategic relationships with market leaders, and a unique market position." The Globe's David Leeder writes in the Eye On Equities column that Mr. Brown reiterated his "buy" call and $20 share target (all figures U.S.). Analysts on average target the shares at $20.47. Mr. Brown says in a note: "The company highlighted the growing demand in several markets including the European and U.S. transit bus market, the China truck market, and the marine and rail markets. Long-term policy supports in these markets have increased substantially over the past 12-18 months and commercialization efforts are ramping nicely. Ballard has a well-developed strategy for each of these markets, including JV's and partnerships as well as direct relationships, and it should see growth accelerate. The company laid out a vision of a long-term opportunity of becoming a $5-billion-plus revenue business generating 20-per-cent EBITDA margins over the next 10 years." © 2020 Canjex Publishing Ltd.

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