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Ballard Repeats Being Named as a ‘TSX30’ Company for Second Consecutive Year

By September 20, 2020 3   min read  (424 words)

September 20, 2020 |

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VANCOUVER and TORONTO, CANADA – Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP)  announced that the Company has been recognized by the Toronto Stock Exchange for its strong 3-year share price performance and named once again to the TSX30 in the second consecutive year.

The TSX30 program recognizes the top 30 performers on the Toronto Stock Exchange over the period July 2017 to June 2020, based on share price appreciation.

Over the period July 1st, 2017 to June 30th, 2020, the price of BLDP shares on TSX rose 459% to C$20.89, the 2nd-largest appreciation among all listed companies. Furthermore, BLDP shares are up 83% year-to-date in 2020 at yesterday’s market close.

“We are especially proud to present the 2020 TSX30, an important means of showcasing some exciting issuer success stories across our market,” said Loui Anastasopoulos, President, Capital Formation, TMX Group. “In a year fraught with challenges for so many businesses, the crucial role publicly-listed companies play in the Canadian economy is even more amplified. These companies serve as engines of growth; creating jobs, generating returns and creating value for investors. On behalf of all of us at TSX, I’d like to congratulate the 2020 TSX30 winners for their achievements and we look forward to serving their evolving needs through each stage of their future growth.”

Randy MacEwen, Ballard President and CEO noted, “We are delighted that Ballard’s share price performance has resulted in our inclusion in the TSX30 program for a second year. Over this past year, global recognition of the importance of zero-emission mobility has resulted in a range of new public policy mandates and exciting industry activities, adding to our confidence in the continued growth of our company. Ballard continues to lead the fuel cell industry in zero-emission products to power buses, commercial trucks, trains, ships, cars and other transport applications.”

The TSX30 program considers all companies that have been listed on the Toronto Stock Exchange for at least 3-years, with a closing dividend-adjusted share price of at least C$0.50 and a market capitalization of at least C$75 million as at June 30th, 2017. Of the 546 companies that met these criteria, the 30 companies with greatest share price appreciation over the period from July 1st, 2017 to June 30th, 2020 have been named to this year’s TSX30 program.

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars, forklift trucks and UAVs. To learn more about Ballard, please visit www.ballard.com.

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