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  "documentTitle": "Ballard Power Systems (BLDP)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2018-01-25 00:00:00",
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  "notes": "Uses a red arrow to visually link the 'targeting' claim to the 'purchase orders' claim, and red circles to highlight the shrinking backlog.",
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      "text": "Ballard seems to have “magically” converted Broad Ocean’s 5 Year Expectations into Purchase Orders between the Ballard Investor Day and the Needham Conference.",
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      "text": "Order Backlog: $236.8M",
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      "text": "Ballard seems to have “magically” converted Broad Ocean’s 5 Year Expectations into Purchase Orders between the Ballard Investor Day and the Needham Conference. Clarity on the >300 bus order would also be helpful. Purchase orders of these size appears to be missing from Ballard’s shrinking order backlog.",
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      "text": "Source: Broad Ocean PowerPoint from slides from Ballard Investor & Analyst Day. September 14th, 2017",
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      "text": "Source: Ballard presentation at Needham Growth Conference on Jan 17th, 2018",
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      "kind": "title",
      "text": "Is Ballard's Management Team Becoming Increasingly Promotional About China HDM?",
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