Today’s Market Runner: Time to Reconsider Ballard Power Systems Inc. (USA) After Reaching 52-Week High?

Today's Market Runner: Time to Reconsider Ballard Power Systems Inc. (USA) After Reaching 52 Week High?

The stock of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) hit a new 52-week high and has $6.15 target or 147.00% above today’s $2.49 share price. The 9 months bullish chart indicates low risk for the $405.43M company. The 1-year high was reported on Oct, 3 by If the $6.15 price target is reached, the company will be worth $595.98 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.38 million shares traded hands or 181.67% up from the average. Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) has risen 55.63% since February 29, 2016 and is uptrending. It has outperformed by 43.42% the S&P500.

Analysts await Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) to report earnings on October, 25. They expect $-0.03 EPS, 0.00% or $0.00 from last year’s $-0.03 per share. After $-0.04 actual EPS reported by Ballard Power Systems Inc. (USA) for the previous quarter, Wall Street now forecasts -25.00% EPS growth.

According to Zacks Investment Research, “Ballard Power Systems focuses on developing and bringing to market PEM fuel cell systems for transportation, stationary, and portable applications. Ballard now offers key subsystems and components that are based on technology developed in support of Ballard fuel cell products. Their focus is on further enhancing product performance, reducing costs, designing market-viable products, developing additional volume-manufacturing capabilities, and continuing to build customer and supplier relationships.”

Another recent and important Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) news was published by which published an article titled: “Ballard Power Systems Inc. (USA) Earnings: Will Fuel Cells Power Up?” on April 26, 2014.

BLDP Company Profile

Ballard Power Systems Inc. (Ballard), incorporated on November 12, 2008, is engaged in the design, development, manufacture, sale and service of fuel cell products for a range of applications. The Firm is focused on its power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and telecom backup power, as well as the delivery of technology solutions, including engineering services, and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications. The Firm operates in the Fuel Cell Products and Services segment. The Firm offers products in three product classes: Fuel cell stacks, Fuel cell modules and Fuel cell systems. The Company’s fuel cell and non-fuel cell products, include FCveloCity Fuel Cell Products, including FCveloCity-9SSL, FCveloCity-1020ACS and FCveloCity modules, and FCgen Fuel Cell Products and System Products, including FCgen-1020ACS, ElectraGen-H2 and ElectraGen-ME. The Firm provides fuel cell modules for public transit systems, including buses and light rail.

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