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Stock Market & Financial Investment News

News Breaks
January 31, 2013
17:02 EDTBLDPBallard Power sells U.S. material products division
Ballard Power Systems (BLDP) has announced the closing of an agreement to sell the company's Material Products division, located in Lowell, MA for up to $12M. Of this amount, $10.5M was paid to Ballard in cash on closing, with the remainder payable on the basis of 2013 financial results associated with the Material Products division. Substantially all the assets of the Material Products division were purchased by investment group ALY Holdings in partnership with the division's senior management, through AvCarb, a new company formed as a result of the transaction. BMO Capital Markets acted as exclusive financial advisor to Ballard throughout the divestiture process.
News For BLDP From The Last 14 Days
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April 15, 2015
07:36 EDTBLDPBallard Power receives fuel cell power module order for eight buses in China
Ballard Power has received an order from a Chinese customer to supply its FCvelocityTM-HD7 power modules for 8 buses to be deployed in a number of Chinese cities. Ballard expects to ship all of the modules in 2015.

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