Briefing

Ballard Power shares plunge as Q1 revenue falls 26% from a year ago

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President and CEO Randy MacEwen said a “muted” China market was behind Ballard’s revenue drop in its second-largest “heavy duty” segment, as the Vancouver company stands by for “policy pronouncements.” Ballard was waiting on China-based Weichai Group to make sales so it could recognize millions in revenue on its shipments. (The Logic)

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