Ballard Power +11.5% premarket on China fuel cell bus deal

|About: Ballard Power Systems, Inc. (BLDP)|By:, SA News Editor

Ballard Power (BLDP) +11.5% premarket after announcing multi-year agreements to support Azure Hydrogen's partnerships with Chinese bus manufacturers in a phased development program for deployment of zero emission fuel cell buses in China utilizing BLDP's fuel cell technology.

The expected value of the contract to BLDP over the initial 12 months of the first phase is ~$11M.