Ballard Power Systems (BLDP) Shares are Up 10.5%

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 3.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.32%, 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 10.5% in the last 1 week, and is up 3.27% 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 7.75% and the 50-Day Moving Average is 10.41%.The 200 Day SMA reached 44.08%


Ballard Power Systems (NASDAQ:BLDP): After opening at $2.18, the stock dipped to an intraday low of $2.14 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.25 and the buying power remained strong till the end. The stock closed at $2.21 for the day, a gain of 4.74% for the day session. The total traded volume was 1,059,658. The stocks close on the previous trading day was $2.21.

Ballard Power Systems (BLDP) : Average target price received by Ballard Power Systems (BLDP) is $2.5 with an expected standard deviation of $0.5. The most aggressive target on the stock is $3, whereas the most downbeat target is $2. 5 financial analysts are currently covering the stock.

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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