Ballard Power Systems Shares Rise on Hydrogen Engine Supply Agreement with Stadler US

Dow Jones

2024-12-10

By Adriano Marchese

Ballard Power Systems shares jumped Monday morning after it said it would supply train-builder Stadler US with its hydrogen fuel cell engines which will power trains in California.

Shares rose 11% to 2.54 Canadian dollars ($1.79) in recent trading.

The Vancouver, British Columbia-based hydrogen fuel cell manufacturer said it signed a multi-year agreement with Stadler US to supply eight megawatts of FCmove fuel cell engines that are destined to be used by the California Department of Transportation.

The order supports Caltrans' purchase of 10 trains, with an option for an additional 19 trains, to strengthen the state's zero-emission passenger rail capabilities.

No financial details were disclosed.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

December 09, 2024 11:14 ET (16:14 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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