If you want to buy Ballard Power Systems shares on the stock market, we recommend that you make sure that you are able to perform a good analysis of the stock and its price. In order to do this, you will need to know a number of things, which we will explain in this article on the stock, including the company's precise activities, its main competitors in the market and its recent partnerships. We will also provide you with some explanations on how to succeed in your fundamental analysis of this stock.
First of all, it will be necessary to closely monitor the various investments in research and development that Ballard Power Systems will make in order to develop new technological innovations and thus stand out from the competition.
The group's direct competition should also be included in this analysis and the news of the large groups operating in this sector should be closely followed.
we will also have to look at the large-scale contracts signed by the group with industrial customers over the long term, particularly through partnerships, which can sustain the business.
The growth or recession of the industry sector will also have a direct impact on the profitability of that company and the economic data on this subject is therefore of great importance.
Finally, it will also be important to monitor the financial results published each year and each quarter by the group, and to compare them with analysts' expectations and the objectives set out in the strategic plans and roadmaps.
Let's take a closer look at Ballard Power Systems to help you better understand how this company generates profits and what it offers in terms of products. This will give you a better understanding of its future challenges and threats, as well as a better analysis of its growth capabilities.
Ballard Power Systems Inc. is a Canadian company that specializes in the technology sector. Specifically, the group develops proton exchange membrane or PEM fuel cell products.
The company's main activity today is the design, development, manufacture and sale as well as the after-sales service of PEM fuel cell products for various applications.
The group focuses primarily on energy product markets including heavy power, portable power, materials handling and backup power as well as providing technology solutions such as technical services and licensing as well as selling its portfolio of intellectual property and fundamental knowledge for various fuel cell applications.
The group currently employs 785 people.
While knowledge of Ballard Power Systems is important, so is knowledge of its major competitors in the market. Indeed, the company faces a number of major players in the fuel cell industry, as detailed below:
This Norwegian company was founded in 1998 and provides solutions for the production, storage and distribution of hydrogen from renewable energy sources. The group is part of the OBX stock index and is listed on the Oslo Stock Exchange.
This company develops and manufactures hydrogen generation and fuel cell products based on water electrolysis and proton exchange membrane technology. The company operates in Belgium, Canada and Germany and has satellite offices in the USA, Indonesia, Malaysia and Russia.
This company is based in Korea and specializes primarily in the manufacture and sale of fuel cells for power generation. The group produces fuel cell pipes used in power generation facilities but also provides long-term maintenance and repair services. The company is also engaged in the design of fuel cell systems, the development of controllers, the development of fuel pretreatment systems, the development of cell devices and peripherals.
Finally, Bloom Energy is a U.S. energy services company that installs solid oxide fuel cells at other companies' facilities and then sells them the electricity generated by the cells. The company was founded by an Indian researcher who was working on oxygen production on Mars and is based in California.
Of course, the Ballard Power Systems Group also has allies, as it regularly enters into strategic partnerships with other companies, as in the following two examples:
In 2021, the group has established a partnership with Quantron AG in the development of hydrogen fuel cell electric trucks. As a result, the two companies plan to bring several hydrogen electric vehicle platforms to the German market by the second half of 2022. The platforms currently in development include a 7.5-ton delivery truck, a 44-ton heavy-duty truck and a municipal waste collection truck. Ballard is currently in its eighth generation of heavy-duty fuel cell power module experience, based on 85 million km of road service from more than 3,500 buses and trucks powered by advanced PEM technology today.
Earlier this year, the group announced an agreement with WL Gore Associates to advance fuel cell technologies. Specifically, it is a multi-year fuel cell supply agreement between the two companies with a signing ceremony held at the 6th International Fuel Cell Vehicle Conference and honored both companies' previous collaborations and supply partnerships by commemorating their new commitment to advancing the benefits and opportunities of fuel cell technologies. Both companies are excited to advance this technology that is proving useful around the world.
Ballard was founded in 1979 and began developing fuel cell technology in 1989. In 1993, the company went public on the Toronto Stock Exchange, or TSE. In 1995, Ballard Power Systems shares were also listed on the Nadsaq. Since then, Ballard Power Systems' shares have been listed on both exchanges simultaneously and continuously.
The easiest way to keep up to date with Ballard power Systems' annual and quarterly results is to visit the company's official website in the investor section. There you will find all of the company's major press releases, as well as annual and quarterly earnings releases and other stock market data such as the company's dividend history.
If you want to carry out a good analysis of the Ballard Power Systems share price, you must not neglect the technical analysis of this stock. To do this properly, we recommend that you use a number of indicators, including moving averages, MACD, stochastic, Bollinger bands, RSI and technical support and resistance levels.
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