November 10, 2014 / 4:33 PM / 3 years ago

BUZZ-Hydrogenics Corp: Loss more than doubles as expenses rise

** Canadian fuel cell maker’s shares down 6.6 pct at C$19.19 in late morning trading

** Company’s U.S.-listed shares down 6.9 pct $16.90

** Company’s Q3 net loss more than doubles to 13 cents per share a year earlier

** Total operating costs rise 18.5 pct

** Research and product development expenses jump 110 pct, mainly due to work on the company’s new Celerity fuel-cell power module

** Up to Friday’s close, company’s Toronto-listed shares had risen about 58 pct in 12 months

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