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Fly News Breaks for August 30, 2018
BLDP
Aug 30, 2018 | 08:59 EDT
Lake Street analyst Robert Brown called Ballard Power's strategic partnership with Weichai a "blockbuster," stating that the company now has the balance sheet and partners to drive the emerging market for fuel cell powered heavy-duty transportation. He believes Weichai's plans to supply modules for 2,000 commercial vehicles in China could add meaningful revenue starting in 2020 and increased his estimates to reflect this order. Brown keeps a Buy rating and $6 price target on Ballard Power shares.
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