Ballard Power Systems (BLDP) Shares are Down -9.05%

Ballard Power Systems (BLDP) has risen sharply, recording gains of 30.22% in the past 4 weeks. However, the stock has corrected -9.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 28.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.87% and the 50-Day Moving Average is 16.19%. Ballard Power Systems (NASDAQ:BLDP): On Fridays trading session , Opening price of the stock was $1.82 with an intraday high of $1.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.79. However, the stock managed to close at $1.81, a loss of 0.55% for the day. On the previous day, the stock had closed at $1.82. The total traded volume of the day was 537,848 shares.


Institutional Investors own 5.43% of Ballard Power Systems shares. Also, Brokerage firm FBR Capital upgrades its rating on Ballard Power Systems (NASDAQ:BLDP). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. 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.

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