Legal & General Group Plc acquired a new position in Ballard Power Systems during the second quarter. An SEC filing on August 30, 2026, confirms the firm purchased 7,221,949 shares. The investment is valued at approximately $28.14 million.
This transaction gives Legal & General a 2.40% ownership stake in the fuel cell technology company.
The investment follows Ballard’s August 28 acquisition of UK-based GeoPura. That deal combines Ballard’s fuel cell technology with GeoPura’s power units and green hydrogen production. The strategic move transforms Ballard into an integrated hydrogen energy solutions provider.