06:48 AM EDT, 03/11/2026 (MT Newswires) -- (Corrects day to Wednesday)

Ballard Power Systems ( BLDP ) was at last look up near 15% in US premarket trade Wednesday after overnight announcing it reached a commercial agreement with New Flyer, a subsidiary of NFI Group Inc. ( NFYEF ) , a provider of diverse and sustainable mobility solutions in North America and Europe.

A statement noted the agreement for 500 of the fuel cell engines, totaling 50 MW, represents the largest single commitment from New Flyer since the partnership began. Deliveries, starting in 2026, will power New Flyer's Xcelsior CHARGE FC hydrogen fuel cell buses across North America.

"This agreement is the next step in our long-standing partnership with Ballard and a key component in advancing our leading fuel cell bus offerings," said David White, Executive Vice President, Supply Management, New Flyer. "Over the last decade we've delivered buses powered by Ballard in multiple jurisdictions from coast to coast showing their capability to operate in different environments and routes as a 1-for-1 diesel replacement. With growing demand for fuel cell buses, we are excited to continue this partnership as we support the transition to zero-emission transportation."

Shares in Ballard were down 1.1%, while NFI fell near 1.9% in Canada yesterday.