Ballard Lands 4.8 MW Fuel Cell Order for Romania's First Hydrogen Train Fleet
BLDP is trading near its 52-week low of $1.92 (7.5% above the low).
Summary
Ballard secured a 4.8 MW order from Siemens Mobility for 24 FCrail 200 kW fuel cell modules to power 12 Mireo Plus H hydrogen trains for Romania's Railway Reform Authority. This is the largest commercial deployment of the Mireo Plus H platform to date, its first outside Germany, and the first Mireo fleet in Eastern Europe. Deliveries are scheduled for 2027-2028 with passenger service expected in 2029. The order builds on the 2022 supply agreement with Siemens and follows Ballard's Q2 revenue growth and GeoPura acquisition. It validates Ballard's fuel cell technology as a zero-emission replacement for diesel on non-electrified rail lines.
At the time of this announcement, BLDP was trading at $2.06 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $723.2M. The 52-week trading range was $1.92 to $6.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.