BUZZ-Ballard Power Systems Inc: To miss 2014 revenue forecast

Fri Jan 2, 2015 10:51am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian fuel-cell product maker's Toronto shares down 8 pct at C$2.18; U.S. shares down 6 pct at $1.86

** Says to miss 2014 revenue and adjusted EBITDA forecast due to termination of two licensing deals

** To terminate agreements in China due to material breaches by China-based strategic partner Azure Hydrogen

** Says expects to record impairment charge of about $4.5 mln [ID: nL3N0UH18B]

** Up to Wednesday's close, Ballard's shares had fallen 75 pct since hitting a more-than 8-year high of C$9.32 on March 11, 2014 on the Toronto Stock Exchange