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Despite the COVID-led operational hiccups, the TSX Industrial index advanced over 13 per cent in 2020. The sector has maintained the momentum in 2021, with the index adding 6.40 per cent year-to-date.
Two companies – Ballard Power Systems Inc. (TSX:BLPD) and Waste Connections Inc. (TSX:WCN) – have continued to hold investors’ attention.
Ballard Power Systems Inc. (TSX:BLPD)
Having identified Europe as a key strategic market, Ballard Power Systems is in the process of building a center of excellence for marine applications of fuel cells in Hobro Denmark.
Fuel Cell Electric Buses (FCEB) manufactured by Global Bus Ventures (GBV) in New Zealand will now be powered by Ballard’s FCmove® fuel cell module, the company announced on Tuesday
GBV buses are already in service in the markets of Australia New Zealand Asia and Middle East.
The move comes amid New Zealand's amended climate change response act that prioritizes zero emission by 2050.
This step by New Zealand indicates an increasing global interest in fuel cell technology, said Ballard's Chief Commercial Officer Rob Campbell.
For medium to heavy-duty automotive applications, the key requirements are heavy payload, long range and fast refueling, which are met by fuel cells since they function as the primary propulsion system.
Ballard stocks have yielded over 180 per cent returns to its investors in the last one year. According to company release, the revenue for fourth quarter (Q4) was US$28.6 million and US$103.9 million for the fiscal year 2020. For the period ended December 31, 2020, Ballard reported US$38.9 million EBITDA and year end cash reserves of US$763.4 million.
@Kalkine Image 2021
Waste Connections Inc. (TSX:WCN)
Scrips of Waste Connections have returned over 7 per cent in the last one year.
It is North America's third largest provider of integrated traditional solid waste management and recycling services.
Net income for 2020 was US$204.7 million and adjusted EBITDA stood at US$1.662 billion.
Waste Connections, North America’s third largest waste management company, in its 2021 outlook announced an EBIDTA of US$1.8 billion or approximately 31 per cent of revenue.
For the year 2021, Waste Connections estimates a gross revenue of US$5.8 billion, net income of approximately US$669 million and an adjusted editor of around US$1.8 billion.
The stock is up ~28 per cent from its 52-week low of C$ 100.55 and ~10 per cent down from its 52-week high of C$ 143.84, placing it an attractive point for investors to enter.
