Analyst Exchange Pinpoints Confusion Over Ballard Power China Ramp-Up

One week after the Ballard Power Systems’ (NASDAQ: BLDP) Q3 earnings release, industry experts continue to disagree over the future of Chinese hydrogen subsidies and the impact on the Canadian fuel cell manufacturer’s ability to grow business in the world’s largest truck market. In an earnings update published earlier this week, Henrik Alex of Seeking Alpha singled out what he referred to as “perhaps the most astonishing statement by management” during Ballard Power’s earnings call, when President and CEO Randy MacEwen stated that a new wave of Chinese fuel cell vehicle subsidies was forthcoming. In a letter published last September, the ministry announced it would end incentives for hydrogen fuel cell vehicles in 2020.