BlackRock Amends Passive Stake in Ballard Power Systems

Ticker: BLDP · Form: SC 13G/A · Filed: 2024-02-01T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock updated its passive stake in Ballard Power Systems, watch for shifts in institutional sentiment.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 1, 2024, indicating its ownership in Ballard Power Systems Inc. as of December 31, 2023. This filing, an amendment to a previous Schedule 13G, signals a potential change in BlackRock's passive investment stake in Ballard Power Systems. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can influence market sentiment and potentially the stock's liquidity and stability.

Why It Matters

Changes in large institutional holdings like BlackRock's can signal shifts in investor confidence or strategy, potentially impacting Ballard Power Systems' stock price and trading volume.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive investment, indicating no immediate control intent or significant new risk.

Analyst Insight

Investors should monitor subsequent 13F filings to see the exact change in BlackRock's share count and assess if other institutional investors are following suit, which could indicate broader market sentiment for Ballard Power Systems.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., a major institutional investment manager based at 50 Hudson Yards, New York, NY.

Which company's securities are the subject of this filing?

The subject company is Ballard Power Systems Inc., an electrical industrial apparatus company located at 9000 Glenlyon Parkway, Burnaby, A1 V5J 5J8.

What is the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, indicating the snapshot date for the reported ownership.

What is the SEDOL Number for the securities mentioned?

The SEDOL Number for the Common Stock of Ballard Power Systems Inc. is 2120371.

From the Filing

0001086364-24-006109.txt : 20240201 0001086364-24-006109.hdr.sgml : 20240201 20240201130456 ACCESSION NUMBER: 0001086364-24-006109 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ballard Power Systems Inc. CENTRAL INDEX KEY: 0001453015 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84685 FILM NUMBER: 24585933 BUSINESS ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 BUSINESS PHONE: 604-454-0900 MAIL ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 FORMER COMPANY: FORMER CONFORMED NAME: 7076991 Canada Inc. DATE OF NAME CHANGE: 20090102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 ca0585861085_020124.txt ca0585861085_020124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) Ballard Power Systems Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 2120371 -------------------------------------------------------- (SEDOL Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEDOL No. 2120371 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 18777449 (6) Shared voting power 0 (7) Sole dispositive power 19304669 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 19304669 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Ballard Power Systems Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 9000 GLENYON PARKWAY Burnaby BC V5J 5J9 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackR

View on Read The Filing