Ballard Power Systems (BLDP) Stock Proceeds To Hit New Highs: What’s Going On?

Till today the stock market of Ballard Power Systems has significantly surged by 17% in five days. Yesterday the company announced that it had approved an Equipment Supply Agreement to provide 8 of its 70-kilowatt FCmoveTM-HD fuel cell modules to Talgo S.A. for trials of its Talgo Vittal-One commuter and regional passenger train.

The modular system being developed by Talgo is designed for installation on all types of passenger trains and modernization or conversion from diesel fuel to hydrogen power. Hydrogen technology is suitable for heavy transport applications such as trains, where railway lines currently do not have chain electrification systems and depend on diesel engines. Talgo is recognized worldwide for its ability to innovate, unique and distinctive technologies, and reliability.