Here's What Fueled Ballard Power Systems' 7% Pop in October
Shares of Ballard Power Systems (NASDAQ: BLDP), a leader in fuel-cell solutions, climbed 7% last month. The stock's notable rise in October seems trivial when considering its performance in general during 2017. From the beginning of the year through September, shares of Ballard had risen a whopping 184%.
Since the company didn't make any major announcements during the month, and there were no other significant events directly related to the company, it's difficult to find a clear explanation for the stock's rise. Nonetheless, there are two points worth noting -- two factors which, in conjunction with the market's general wave of bullish sentiment, could provide insight into the stock's performance.
Image source: Getty Images.
Source: Fool.com
Ballard Power Systems Inc. Aktie
2,79 €
5,51 %
Die Community neigt bei Ballard Power Systems Inc. zu Buy-Einschätzungen, mehr als zu Sell-Einschätzungen.
Ein Kursziel von 4 € für Ballard Power Systems Inc. signalisiert eine potenzielle Steigerung von über 20% gegenüber dem aktuellen Kurs von 2.79 €.
