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 43.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.7%, 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 6.63% in the last 1 week, and is up 48.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 24.24% and the 50-Day Moving Average is 33.56%. Ballard Power Systems Inc. is up 20.62% in the last 3-month period. Year-to-Date the stock performance stands at 23.72%.
Ballard Power Systems (NASDAQ:BLDP): On Fridays trading session , Opening price of the stock was $2.06 with an intraday high of $2.07. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.93. However, the stock managed to close at $1.93, a loss of 3.98% for the day. On the previous day, the stock had closed at $2.01. The total traded volume of the day was 1,113,675 shares.
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.