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Sept. 26, 2022, 8:40 a.m. EDT

Ballard Power to order fuel cell engines from Stadler Rail to power the U.S.'s first hydrogen train

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By Tomi Kilgore

Shares of Ballard Power Systems Inc. /zigman2/quotes/205070617/composite BLDP +0.16% rose 0.6% in premarket trading Monday, after the fuel cell power company announced an order from Switzerland-based Stadler Rail AG /zigman2/quotes/211190302/delayed CH:SRAIL -0.19% for the supply of six fuel cell engines. Ballard said the engines will be used to power the first hydrogen train in the U.S. The train, which will seat over 100 passengers, is expected to be in service in San Bernardino, Calif. in 2024. Financial terms of the order were not disclosed. "We are excited to work with Stadler, a global industry leader in rail manufacturing, to reduce emissions in the transportation sector and bring the first hydrogen powered, zero emission passenger train to the United States," said Ballard Chief Executive Randy MacEwen. The stock has dropped 48.8% year to date through Friday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.03% has lost 22.5%.

/zigman2/quotes/205070617/composite
US : U.S.: Nasdaq
$ 6.10
+0.01 +0.16%
Volume: 947,964
Nov. 25, 2022 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.82 billion
Rev. per Employee
$73,173
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/zigman2/quotes/211190302/delayed
CH : Switzerland: SWX
CHF 32.20
-0.06 -0.19%
Volume: 23,674
Nov. 28, 2022 12:50p
P/E Ratio
29.55
Dividend Yield
2.80%
Market Cap
CHF3.23 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
4,026.12
-1.14 -0.03%
Volume: 0.00
Nov. 25, 2022 2:32p
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