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REAL-TIME GLOBAL RESEARCH

Ballard Power Systems Inc (BLDP US): Upgrade to Buy: Good entry ahead of GeoPura close

Published: 2026-08-03Institution: HSBCPages: 11Original language: EnglishEvidence page: 11

Research evidence excerpt

Ballard Power Systems Inc (BLDP US): Upgrade to Buy: Good entry ahead of GeoPura close

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representative of HSBC Bank plc in the UK will not enjoy the protections afforded by the UK regulatory regime. HSBC Bank plc is regulated by the Financial Conduct Authority and the Prudential Regulation

Authority. If this research is received by a customer of an affiliate of HSBC, its provision to the recipient is subject to the terms of business in place between the recipient and such affiliate.

In the European Economic Area, this publication has been distributed by HSBC Continental Europe or by such other HSBC affiliate from which the recipient receives relevant services.

In Hong Kong, this document has been distributed by The Hongkong and Shanghai Banking Corporation Limited in the conduct of its Hong Kong regulated business for the information of its institutional and

professional customers; it is not intended for and should not be distributed to retail customers in Hong Kong, unless permitted otherwise. The Hongkong and Shanghai Banking Corporation Limited makes no

representations that the products or services mentioned in this document are available to persons in Hong Kong or are necessarily suitable for any particular person or appropriate in accordance with local law.

All inquiries by such recipients must be directed to The Hongkong and Shanghai Banking Corporation Limited. In Korea, this publication is distributed by either The Hongkong and Shanghai Banking Corporation

Limited, Seoul Securities Branch ("HBAP SLS") or The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch ("HBAP SEL") for the general information of professional investors specified in

Article 9 of the Financial Investment Services and Capital Markets Act ("FSCMA").

The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.

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