Ballard- Why I think it’s a 10X name!—LEADER OF FUEL CELL TECHNOLOGY
(author’s opinions only — not investment reco. Dyor.)
$bldp 2.4B marketcap at 10 dollars is undervalued against longterm potential. complete verdict: strong buy
ballard earnings March 4 2020. Tomorrow. Whether it rises or falls. We are fundamental buyers of Ballard now. I’ll explain. 7.50–10.00 areas will be considered strong buy zones.
category: innovative clean tech energy solutions
About Ballard Power Systems
Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars, forklift trucks and UAVs. To learn more about Ballard, please visit www.ballard.com.
Ballard has never reached 13 dollars until 2006. It has reached this level only after 14 years. What has transpired in the journey of Ballard to go from 3 to 14 (or 500% in a short 13 months and should any levels below 9 be considered a buy?) We highlight the reasons why and we believe it will continue higher for quite a bit of time to come.
Highlights:
1.) MEA’S PRODUCTION TIME UNDER 2.5 SECONDS!
2.) JOINT VENTURE WITH WEICHAI (https://finance.yahoo.com/news/ballard-receives-19-2m-order-130000226.html)
Ballard Receives $19.2M Order from Weichai-Ballard JV for MEAs to Power Fuel Cell Electric Vehicles in China
Weichai Power Co., Ltd. (“Weichai Power”; http://en.weichaipower.com/) is an investor in, and strategic partner with, Ballard. Under terms of a strategic collaboration between the companies that closed on November 13 th, 2018, Weichai Power holds a 51% ownership position and Ballard holds a 49% ownership position in the Weichai-Ballard JV. The Weichai-Ballard JV production facility, located in Shandong Province , China , is expected to be commissioned and operational in the first half of 2020.
Once operational, the Weichai-Ballard JV production facility will begin the manufacture of next-generation LCS fuel cell stacks and LCS-based modules to power Fuel Cell Electric Vehicles (FCEVs) for the China market. The Weichai-Ballard JV is expected to have initial production capacity of 20,000 fuel cell stacks, or 10,000 modules, based on a two-shift operation.
Randy MacEwen , Ballard President and CEO said, “We have a simple shared vision with Weichai Power for our Weichai-Ballard JV — to create the leading fuel cell stack and module technology and manufacturing operation in China for buses, commercial trucks and forklifts. We are making measured progress on this vision. In 2019, together with Weichai, we staffed up the JV, co-developed fuel cell products for the China market, substantially completed construction of the JV manufacturing facility, progressed on our manufacturing equipment, processes and automation, initiated localization of the supply chain, and supported initial vehicle testing.”
The MEA purchase order announced today, together with a fully operational fuel cell module factory, are expected to enable large-scale manufacturing of fuel cell products by the Weichai-Ballard JV in 2020.
3.) 70% Cost savings
FURTHER READINGS:
At Ballard, we’ve tackled stack cost reduction in four key ways:
1. Improving the power produced per unit area of the MEA, and using less material where possible. This is the most powerful cost reduction because it reduces the total number of cells in the stack.
2. Working with our suppliers and modifying our process equipment to maximize the utilization of the materials supplied in rolls.
3. Designing and operating the manufacturing processes that have a high first-pass yield. We’ve made enormous progress in improving our processes with more than a 70% reduction in the yield loss throughout 2019 alone.
4. Reducing the amount of labor needed to assemble MEA plates and stacks. And this is where product design, eliminating or simplifying processes, and automation are the key drivers.
driven miles
- Divided by the “570 Fuel Cell Electric Buses … and 2,000 commercial trucks” Ballard says are “currently deployed” with its technology built in, 18.5 million miles total works out to about 7,200 miles apiece. Divided further by the “some” of these vehicles, “that have been operating for over 8-years in the field,” it might work out to fewer than 1,000 miles per vehicle.
Powered by Ballard
Congratulations to our partner
for the integration of their fuel cell system using Ballard stack in the Mitsubishi Fuso “Vision F-Cell” truck concept presented in Tokyo last week” #poweredbyballard #fuelcell #cleantruck http://bit.ly/2JudK3s
Gaoming Line to be world’s first #fuelcell powered commercial tram system #poweredbyballard http://bit.ly/2PumISj
The clean energy hybrid tram-buses use fuel cells for primary power and lithium batteries for additional power when needed, with the only emission being water vapour. Each tram-bus is over 18 meters (60 feet) long, has capacity for 125 passengers and can operate more than 300 kilometers (185 miles) between hydrogen refuelings.
In addition to environmental benefits, hybrid fuel cell tram-buses offer a number of important advantages, including: high level of operational flexibility and productivity; high level of passenger comfort and safety; lower cost than a traditional tram.
Jesper Themsen, President and CEO of Ballard Power Systems Europe A/S said, “This first ever deployment of fuel cell-powered tram-buses is an exciting event in our ongoing partnership and collaboration with Van Hool , a leading European bus OEM. It also represents another step forward in the growing momentum behind zero-emission fuel cell adoption in Europe’s transportation sector. Ballard’s customer service organization at our Hobro, Denmark facility is available to support the ExquiCity fleet as well as all other Ballard-powered buses operating in Europe .”
BLDP: Consistent with the rest
of the world, we will continue to focus initially
on the heavy and medium duty vehicle
segments — namely buses, trucks, rail, and
marine — where the value proposition of PEM
fuel cells is the strongest under use-cases
requiring long-range, fast-refueling, full routeflexibility, and heavy-payload capacity.
Weichai made a strategic equity investment
in Ballard in the amount of $163.6 million for
19.9% interest in the company. Second is the
establishment of a joint venture company in
Shandong Province for the production of
Ballard’s next generation LCS fuel cell stack
and LCS-based power modules for the bus,
commercial truck, and forklift markets in
China. The JV will pay $90 million to Ballard
for the technology transfer of related
technologies. And, third is supply of certain
products and components by Ballard to
Weichai to support an initial 2,000 fuel cell
electric vehicle deployment. All combined,
this program will allow Ballard to accelerate
our product development, improve supply
chain localization, enable closer power train
integration, and widen our market access
through the strength of Weichai.
On the commercial side, as the largest
supplier of diesel engines for heavy-duty
trucks in China, Weichai already has strong
sales and service relationships with most of
the vehicle OEMs in China looking to
develop fuel cell product offerings. We are
also engaging in opportunities to work more
closely with their vertically integrated bus
and truck companies, including Zhongtong,
Asiastar, Sinotruk, and Shannxi Heavy Duty
Trucks. We see similar opportunities beyond
China as well, where we could for example
leverage Weichai’s relationship with the
KION Group in Germany, which is the world’s
2nd largest forklift company, to access the
material handling market.
Podcasts to listen to:
1.) https://open.spotify.com/episode/3BU381KaGFEGnhR8IGICdf?si=MfX4bmgXQ7Gge5ed5LYE9g
Listening to podcasts on fuel cells.
2.) https://open.spotify.com/episode/3YjeMpASh10TaoTnAG2he9?si=wy7rJWehSq-ZXv_F-S_ZUw
-facelesstrader
