Ballard Power Systems (BLDP) : Traders are bullish on Ballard Power Systems (BLDP) as it has outperformed the S&P 500 by a margin of 33.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 29.42%, 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 30.22% in the last 1 week, and is up 42.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Ballard Power Systems (NASDAQ:BLDP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.70 and $1.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.81, notching a gain of 5.85% for the day. The total traded volume was 2,231,982 . The stock had closed at $1.71 on the previous day.
The stock has recorded a 20-day Moving Average of 29.19% and the 50-Day Moving Average is 30.08%. Ballard Power Systems Inc. is up 27.46% in the last 3-month period. Year-to-Date the stock performance stands at 16.03%.
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.