Ballard and Toyota Tsusho Sign Distribution Agreement For Fuel Cell Products in Japan

Go back to Ballard and Toyota Tsusho Sign Distribution Agreement For Fuel Cell Products in Japan

Ballard Power's (BLDP) Toyota Tsusho Partnership Opens-up Key Market; FBR Affirms at 'Outperform'

August 19, 2016 6:55 AM EDT

FBR & Co. affirms Ballard Power Systems (Nasdaq: BLDP) with an Outperform rating and $3 price target following news of a recent partnership with a Toyota unit.

The firm is largely positive on the announcement and offered the following key observations today:

Japan is serious about developing hydrogen as... More

Roth Capital Sees Ballard Power's (BLDP) Deal with Toyota as 'Significant' Positive; Affirms at 'Buy'

August 18, 2016 10:21 AM EDT

Roth Capital affirms Ballard Power (Nasdaq: BLDP) with a Buy rating and $2.50 price target after the company announced that it has signed a Distribution Agreement with Toyota Tsusho Corporation ("TTC), a member Company of the Toyota Group.

Analyst Craig Irwin commented on... More