Author: Vitaliy Dadalyan

Ballard and MAHLE to Collaborate on Fuel Cell Propulsion Systems for Heavy- and Medium-Duty Trucks

VANCOUVER, BC and STUTTGART, Germany, Sept. 28, 2020 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an agreement to collaborate with MAHLE, a leading international development partner and Tier 1 supplier to the commercial vehicle and automotive industry, on the development and commercialization of zero-emission fuel cell systems to provide primary propulsion power in various classes of commercial trucks....

Citigroup Lifts Qualcomm’s PT On Earnings Growth Potential

Citigroup raised its price target on Qualcomm (QCOM) stock on Monday to $132 (15.3% upside potential) from $108 citing strong earnings growth potential over the next year. Shares of the mobile chipset manufacturer were trading 1.7% higher in the pre-market trade today.Citigroup analyst Christopher Danely reiterated his Buy rating on Qualcomm. In a note to investors, Danely said that Qualcomm’s earnings could increase 43% through 2021, way higher than the peer group average earnings growth of a mere 1%. The analyst believes that acceleration in deployment of 5G will mainly drive the company’s bottom-line results.Notably, Qualcomm has been benefiting from a ramp-up in 5G-enabled chips. On July 29, it reported non-GAAP revenues of $4.89 billion, which surpassed analysts’ expectations of $4.81 billion and came in above the mid-point of the company-guided range of $4.4-$5.2 billion. Qualcomm’s adjusted EPS of $0.86 beat Street estimates of $0.72 and was well above the guidance range of...