Friday, August 8, 2025
StockstToday.com Logo
  • Home
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Analyst Ratings
No Result
View All Result
  • Home
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Analyst Ratings
No Result
View All Result
StocksToday.com Logo
No Result
View All Result
Home Breaking News

Title Ballard Power Systems Receives 40 Million in Funding for Hydrogen Projects from Department of Energy

Elaine Mendonca by Elaine Mendonca
March 13, 2024
in Breaking News
0
Alternative Energy Stock Market Today
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Ballard Power Systems secures $40 million in funding from the Department of Energy for hydrogen projects, marking a significant milestone in the push for clean energy. This funding is part of a larger initiative by the U.S. Department of Energy, which aims to allocate $750 million for 52 projects across 24 states to bolster the hydrogen industry and reduce costs.

The projects funded by this initiative will focus on advancing electrolysis technologies, improving manufacturing and recycling capabilities for clean hydrogen systems, and creating new job opportunities. Over 1,500 individuals are expected to benefit directly from these projects, with a particular focus on supporting disadvantaged communities.

This funding aligns with the provisions of the Bipartisan Infrastructure Law, which earmarks $1 billion for research, development, and deployment activities to drive down the cost of clean hydrogen production. Additionally, $500 million will be allocated for enhancing manufacturing and recycling processes for clean hydrogen systems and materials.

By investing in clean hydrogen technologies, the U.S. is positioning itself as a leader in the global hydrogen market. This funding represents a crucial step towards achieving the goals outlined in the U.S. National Clean Hydrogen Strategy and Roadmap, emphasizing cost reduction, manufacturing efficiency, supply chain development, and job creation within the domestic market. Overall, this initiative will drive innovation, job growth, and economic prosperity within the hydrogen industry.

Ballard Power Systems Inc. (BLDP) Stock Performance Declines on March 13, 2024: What Investors Need to Know

On March 13, 2024, Ballard Power Systems Inc. (BLDP) experienced a decline in its stock performance. Trading near the bottom of its 52-week range and below its 200-day simple moving average, BLDP opened at $2.85, $0.02 lower than its previous close. Throughout the day, BLDP shares saw a decrease of $0.09, resulting in a 3.13% drop since the market last closed. This downward momentum indicates a bearish trend for the stock on that particular day. Investors and analysts may be closely monitoring BLDP’s performance to determine if this drop is a temporary fluctuation or a sign of a longer-term trend. Factors such as market conditions, company news, and industry developments could all impact BLDP’s stock price in the coming days and weeks. For investors considering BLDP as a potential investment, it is important to conduct thorough research and analysis to understand the factors influencing the stock’s performance. Keeping track of price movements, technical indicators, and market trends can help investors make informed decisions about buying, selling, or holding BLDP shares in their portfolios.

Ballard Power Systems Inc. Reports Strong Revenue Growth in Q4 2024

On March 13, 2024, Ballard Power Systems Inc. (BLDP) saw a significant increase in its total revenue compared to the previous year and quarter. According to data from CNN Money, the company reported total revenue of $102.37 million for the past year, marking a 22.18% increase from the previous year’s total revenue of $83.86 million. Additionally, the total revenue for the fourth quarter of the fiscal year was reported at $46.14 million, showing a substantial 67.33% increase from the previous quarter’s total revenue of $27.59 million.

In terms of net income, BLDP reported a net loss of $177.72 million for the past year, which was a slight improvement of 2.43% compared to the previous year’s net loss of $182.08 million. However, the net loss for the fourth quarter of the fiscal year was reported at $17.74 million, indicating a significant improvement of 71.59% from the previous quarter’s net loss of $62.27 million.

Furthermore, the earnings per share (EPS) for BLDP showed positive growth as well. The EPS for the past year was reported at -$0.59, which was a 2.23% increase from the previous year’s EPS of -$0.60. Similarly, the EPS for the fourth quarter of the fiscal year was reported at -$0.17, showing a notable 17.98% increase from the previous quarter’s EPS of -$0.21.

Tags: BLDP
Elaine Mendonca

Elaine Mendonca

Related Posts

NFT projects
Breaking News

The Impact of TikToks Fate on USChina Relations and American Tech Giants

March 16, 2024
Businesses finance
Breaking News

Blackstone Strategic Credit 2027 Term Fund BGB Announces Monthly Dividend of 93 Cents per Share

March 15, 2024
Healthcare-sector
Breaking News

Analyzing Short Interest in Molina Healthcare Inc MOH

March 15, 2024
Next Post
DVY stock news

UBS Analyst Karl Keirstead Maintains Neutral Rating on Xometry with Lowered Price Target

Cryptocurrency Stock Market Today

Navigating Uncertainties The Death Cross in Crypto Mining Stocks

Investings on laptops and finances

Analyzing GoHealths Earnings and Stock Performance

Recommended

ALB stock news

Allspring Global Investments Increases Stake in Automotive Parts Company, Douglas Dynamics Inc.

2 years ago
Technology Robotics Markets and money

Exela Technologies Inc and XBP Europe Launch Reaktrai Revolutionizing Cybersecurity and Data Management with AI

2 years ago

Positive Outlook and Increased Price Target for Corteva

2 years ago
Alternative Energy Markets and money (1)

Ecopetrols Commitment to Thorough Evaluation and Reliable Results for Arauca 8 Well

2 years ago

Categories

  • Analyst Ratings
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Stock Picks
  • Stock Targets
  • Stocks
  • Uncategorized

Topics

AAL AAPL ABNB ADBE ADSK ALB AMD AMZN AVGO BA C CCL CELH COIN COST CRWD CTVA DELL DFS DIS DLR DLTR DWAC GM GRFS IBM INTC JPM KSS LLY META MSFT NFLX NVDA NVO ORCL PARA PLTR PLUG QCOM SMCI TGT TSLA UNH VZ
No Result
View All Result

Highlights

Lucid Group Stock: Turbulence Amid Policy Shifts and Uber Deal

Walt Disney Stock: Marvel Woes Offset by NFL Deal

Fresenius Stock: Mixed Q2 Results Amid Margin Pressures

Beiersdorf Stock: Nivea’s Glow Fades as Forecasts Dim

ABN Amro Stock: Profit Dip Amid Strong Capital Moves

Vonovia Stock: Strong Recovery Fuels Optimism

Trending

Snap Stock
Stocks

Snap Stock: Turmoil Amid Advertising Woes

by Dieter Jaworski
August 6, 2025
0

Snap Inc.'s stock has become a battleground for Wall Street analysts following disappointing Q2 results, with price...

DHL Stock

DHL Stock: Rollercoaster Ride Amid Strong Earnings

August 6, 2025
Klöckner Stock

Klöckner Stock: Turnaround Amid Market Volatility

August 6, 2025
Lucid Group Stock

Lucid Group Stock: Turbulence Amid Policy Shifts and Uber Deal

August 6, 2025
Walt Disney Stock

Walt Disney Stock: Marvel Woes Offset by NFL Deal

August 6, 2025

StocksToday.com is your one-stop destination for the latest stock news and analysis. We provide in-depth coverage of the stock market, including market news, company news, sector news, IPO news, investment strategies, personal finance, international markets, and more.

Recent News

  • Gilead Sciences Stock: HIV Breakthrough Fuels Rally August 8, 2025
  • Apple Stock: Surges on Tariff Exemption and $600B US Pledge August 8, 2025
  • Yandex Stock: Cloud Specialist Nebius Soars on Record Growth August 7, 2025

Categories

  • Analyst Ratings
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Stock Picks
  • Stock Targets
  • Stocks
  • Uncategorized

© 2024 Stocks Today

No Result
View All Result
  • Home
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Analyst Ratings

© 2023 StocksToday.com