Ballard Pwr Sys Inc New (NASDAQ:BLDP)

CAPS Rating: 2 out of 5

The Company is focused on the design, development, manufacture, sale and service of PEM fuel cells for a variety of applications.


Player Avatar jaketen2001 (67.88) Submitted: 1/22/2011 12:41:52 PM : Outperform Start Price: $1.73 BLDP Score: -61.14

The conventional clap trap about alternative energy technologies not being commercially viable is just that. BLDP will turn a profit this year, and its niche products are cheaper than conventional alternatives. Even though fuel cells will not be making their way in to cars anytime soon, they may be making their way in to fleet vehicles, forklifts, delivery vans, busses, and stationary co-generation devices soon. BLDP will turn a profit with these platforms in 2011. After they project profit in late Jan, resistance will be a t 4-5 level.

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Member Avatar jaketen2001 (67.88) Submitted: 3/22/2011 4:26:56 PM
Recs: 1

BLDP is at the tail end of the Valley of Death. They will not be going out of business, period. The recent sub-lease deal with Daimler, and the new factory that Daimler is building near Ballards main campus, nails that down. Ballards metrics are all better than FCEL. Better margins, greater improvement in margins, less debt, etc. Plug Power will continue to grow its business this year, and that, along with the other lines, will create the worlds first profitable fuel cell company. After that, the gravity will shift in the fuel cell industry, with customers gravitating to the healthiest fuel cell provider out there. Even though Ballard will profit only marginally from fuel cell vehicle sales (selling components like the PEM, and having Daimler configure the final fuel cells in to various models), those sales are coming. And the end of it that Ballard is in on is high margin. Fuel cell EVs blow out battery EVs in every conceivable way, refueling time (it even beats gas), range (250 miles, vs less than 100 for battery EVs), and cold weather performance.

This is a multi bagger in the making. It looks risky now. It has been in business 20 years and never turned a profit. The time has come though. Invest and reap.

Member Avatar jaketen2001 (67.88) Submitted: 5/16/2011 5:17:14 PM
Recs: 0

Although they increased overall sales 30%, and fuel cell stacks 40% per last earnings call--it wasn't enough--too much cash burn--and year over year comparisons didnt look good because of a special gain on sale last year that made this year look surprisingly not good--
if they can report dramatically lower cash burn next q, and if Plug, a company they supply to, begins to make its projections--look out
--they are still reporting break even by end of year and profitability in 2012--and no need for addtl cash---good luck elephant hunters

Member Avatar jaketen2001 (67.88) Submitted: 7/20/2011 6:49:18 AM
Recs: 0

Even prior to Fukushima, German officials had stated that it would be impossible to meet clean air standards without CHP devices. Now, with nuclear being phased out earlier than anticipated, the need for CHP devices has only increased. Now it is not simply a way to save money on your power bill, and generate cleaner electricity, it is quite frankly REQUIRED for its power generation capabilities. It is one of the only ways that Germany will be able to exist without nuclear energy. Baxi-Innotech, one of Ballards many integrators, is active in that market.

Love the Plug news. They are STILL estimating a minimum of 1,600 units delivered by year end. Such a wide range in between the high and low this late in the year. Must a be a couple of BIG orders in the mix. And the news from Daimler is that they are pushing forward FCELL production from 2015 to 2014.

Member Avatar jaketen2001 (67.88) Submitted: 8/23/2011 6:03:57 PM
Recs: 0

Just a note on the 'infrastructure challenges' quoted by score leader. They do not exist. For cars, yes they do. For material handling, back up power generation, cell tower back up, combined heat power devices in the residential market, there are no infrastructure challenges. But Ballard has shifted out of cars and now only has tangential exposure to cars, and the refueling infrastructure that they will require. As usual, I am about 50% too early, cough cough. The next 2 quarters will lay it out there for Ballard. Does Plug deliver 1,600 units? Does Ballard pop a few buses? Break even cash flow? The next 2 quarters will tell.

Member Avatar jaketen2001 (67.88) Submitted: 1/3/2012 4:47:04 AM
Recs: 0

Plug Power, a Ballard integrator, just announced a 200+ unit deal with Proctor & Gamble. P&G has no questions about the product and is going 100% FC in these three facilities. Ballard has announced 46 bus units for 2012. Just one year away from Daimler ramping up FC production. Idatech, yet another Ballard integrator, is installing FC back up devices at several military bases. Stock at an all time low. Very little debt, $37 mil still in bank. The dichotomy is mind spliting. Hopefully the next call will show margins at or above 20%, and YOY revenue increase of 30%. Retail market still unaware of FC industry outside of maybe Bloom, and professionals are not jumping in until someone proves that they can make money with these things. Hopefully that will be Ballard.

Member Avatar jaketen2001 (67.88) Submitted: 5/28/2013 11:57:25 AM
Recs: 0

The sector is turning around. Ballard has 30+ mil cash on hand, a $100 mil USD contract with VW, and cell shipments are up 444%. Hopefully this will continue.

Member Avatar jaketen2001 (67.88) Submitted: 12/4/2013 3:46:15 PM
Recs: 0

Ballard recently predicted profitability in 2014 even barring any noteworthy contracts. However, events are transpiring that may drive Ballard higher in the next year. The EU program dealing with fuel cell bus rollout recently announced funding for up to 24 more buses in 2014. Ballard owns 20% of this market and hopefully will capture most of these orders with their partner Van Hool. Ballard's methane fuel cell cell tower back up product continues to get traction in the pacific and carribean markets, and hopefully an RFP out to Spring, and/or a pending fuel cell roll out program with NTT will occur early 2014. Storms have battered the east coast of the US and the Philippines that continue to highlight the need for a more robust cell tower back up network. Plug Power, which will use exclusively Ballard stacks till 2015 recently reported a huge surge in orders of about 35 mil in Q4 2013, which should add just enough to Ballards gross income to push it to profitability alone.

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