Lower-priced TSX stocks such as Ballard Power have the potential to generate outsized gains to investors in 2022 and beyond. The post 3 TSX Stocks You Can Still Buy for Under $20 a Share appeared first on The Motley Fool Canada.
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order for 14 x 200 kW fuel cell modules from Siemens Mobility GmbH ("Siemens Mobility"; www.mobility.siemens.com), a leading supplier in the development of alternative drives, to power a fleet of seven Mireo Plus H passenger trains. Delivery of the 14 fuel cell modules is expected to start in 2023 with the fleet planned to be in service in Berlin-Brandenburg region in late 2024.
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced a minority equity investment in Quantron AG, a global electric vehicle integrator and an emerging specialty OEM, to accelerate fuel cell truck adoption. As part of Quantron's financing round of up to 50 million euros, Ballard's investment proceeds will be used by Quantron to develop their truck fuel cell vehicle platforms, under the terms of a Joint Development Agreement. Ballard will be the exclusive fuel cell supplier to Quantron