Ballard Power Systems (BLDP) : Traders are bullish on Ballard Power Systems (BLDP) as it has outperformed the S&P 500 by a wide margin of 16.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 16.61%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 16.58% in the last 1 week, and is up 16.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Ballard Power Systems Inc. is up 56.3% in the last 3-month period. Year-to-Date the stock performance stands at 35.26%. The stock has recorded a 20-day Moving Average of 9.04% and the 50-Day Moving Average is 30.91%.
Ballard Power Systems (NASDAQ:BLDP): The stock opened at $2.16 on Friday but the bulls could not build on the opening and the stock topped out at $2.30 for the day. The stock traded down to $2.10 during the day, due to lack of any buying support eventually closed down at $2.11 with a loss of -2.31% for the day. The stock had closed at $2.16 on the previous day. The total traded volume was 3,796,756 shares.
Also, FBR Capital upgrades its view on Ballard Power Systems (NASDAQ:BLDP) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Perform. The rating by the firm was issued on July 28, 2016.
Ballard Power Systems Inc. is engaged in development and commercialization of proton exchange membrane (PEM) fuel cell. The Companys principal business is the design, development, manufacture, sale and service of fuel cell products for a variety of applications, focusing on the telecom backup power, material handling, bus and distributed generation markets. It also offers engineering services for various fuel cell applications. It offers tools and technologies for development, optimization, integration and validation of fuel cell components, stacks and systems. It has a portfolio of commercial solutions, including fuel cell stacks, modules and systems. The Companys fuel cell stacks include FCgen-1020ACS, FCgen-1300 and FCvelocity-9SSL. Its fuel cell modules include FCvelocity-HD6. Its complete fuel cell systems include ElectraGen-ME, ElectraGen-H2 and ClearGen.