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The company further confirmed its 2017 confirmed full-year 2017 revenue guidance at $130.0 million and gross margins of 8% to 12%.
Ballard has an equipment deal with Zhongshan to deliver 200 FCveloCity fuel cell engines to be used in demonstrations of clean energy buses and commercial vehicles in key Chinese cities.
These heavily shorted stocks could get squeezed much higher if they report positive earnings this week.
The fourth-quarter earnings season will kick off in the coming week with a number of high-profile companies reporting their performance over the last months of 2016.