Stock Track | Ballard Power Soars 5.08% Intraday on Solaris Hydrogen Bus Deal

Stock Track05-06

Ballard Power Systems' stock soared 5.08% intraday following the announcement of a significant supply agreement with European bus manufacturer Solaris Bus & Coach.

The company revealed it was selected as the fuel cell supplier for Solaris' next-generation hydrogen bus. The deal involves integrating Ballard's FCmove-SC engine into Solaris' Generation 2 fuel cell electric vehicle bus platform.

Additionally, the companies updated their long-term supply agreement, extending it through 2029. Ballard stated that its FCmove-SC platform offers higher efficiency and durability while being designed to lower the total cost of ownership for transit operators, particularly on long routes.

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