Ballard pact with New Flyer ‘positive development,’ says National Bank

National Bank views Ballard Power’s (BLDP) agreement with New Flyer as a “positive development.” The deal could bring Ballard $35M-$50M of revenue, the analyst tells investors in a research note. The firm views Ballard’s bus segment as its “most commercially advanced end market.” It has a Sector Perform rating on the shares with a $3.15 price target