Is Ballard Power Systems Stock a Buy?
Ballard Power Systems (NASDAQ: BLDP), one of the few opportunities for those looking to a fuel-cell-powered future, has been a shocking surprise for investors so far in 2020.
While the S&P 500 has dipped 6% since the start of the year, shares of Ballard have soared nearly 45%, extending the impressive run that the stock had through 2019. In addition to the stock's performance, the company itself has recently electrified investors' hopes as it reported a company-best Q1 performance, generating revenue of $24 million.
As the market continues to recover from its recent downturn, many investors with long-term horizons are seeking growth stocks at bargain prices. Although Ballard certainly qualifies as a growth stock, its recent run may suggest to some that it's too late to pick up shares at a compelling price. Let's examine this leading alternative-energy stock in more detail to see if it's right for you.
Source Fool.com
