BMO Capital Downgrades Ballard Power Systems (BLDP) to Underperform, 'Capital Markets Day Confirms Longer Road'

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Go back to BMO Capital Downgrades Ballard Power Systems (BLDP) to Underperform, 'Capital Markets Day Confirms Longer Road'

Ballard Power (BLDP) to Reduce Costs of Bipolar Plates

June 12, 2023 8:30 AM EDT

Ballard Power Systems (NASDAQ: BLDP) announced today its plan to materially reduce the costs and scale production capacity of next generation, proprietary graphite bipolar plates, including the introduction of disruptive manufacturing technology.

This project is the logical progression after Ballard completed two important milestones the development of next generation, thin flexible graphite bipolar plates, and an expansion of membrane electrode assembly (MEA) manufacturing capacity in Canada as part of Ballard's "3 by 3" stack cost reduction program. Bipolar plates are the next largest cost item in a fuel cell stack after MEAs, and Ballard expects the... More