|Ballard to be Included in S&P/TSX Composite Index, Effective September 23 PR Newswire|
VANCOUVER and TORONTO, Sept. 16, 2019
VANCOUVER and TORONTO, Sept. 16, 2019 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that, effective September 23, 2019, the Company will be included in the S&P/TSX Composite Index (https://c212.net/c/link/?t=0&l=en&o=2581493-1&h=2580429843&u=https%3A%2F%2Fweb.tmxmoney.com%2F&a=https%3A%2F%2Fweb.tmxmoney.com). Approximately 240 of the 1,500 companies listed on the TSX are included in the S&P/TSX Composite Index.
Randy MacEwen, Ballard President and CEO noted, "Inclusion in this benchmark Canadian index is a very significant event in the evolution and growth of Ballard's business. This coincides with the heightened importance of zero-emission mobility globally, which has resulted in Ballard's fuel cell products gaining traction as a power source across a range of mobility applications. These applications include buses, commercial trucks, trains, ships, cars as well as unmanned aerial vehicles."
Inclusion in the S&P/TSX Composite Index can be expected to positively impact index fund purchases of Ballard shares and may increase the Company's visibility and liquidity within the Canadian market.
The S&P/TSX Composite Index closed today at 16,682.42, up 16.2% year-to-date, on an aggregate volume of 221.9 million shares.