Ballard Power Systems Inc

BLDP: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 7.00	Sfl	Fvxfjffb

Ballard Power: Shares Rise on European Bus Order

Brett Castelli

Apr 1, 2024

We maintain our $3/CAD 4 fair value estimates for no-moat Ballard Power Systems following news of a large European bus order. We view shares as fairly valued.

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