Why Ballard Power Systems Inc's Shares Jumped in August
Shares of fuel cell company Ballard Power Systems Inc. (NASDAQ: BLDP) jumped 6.5% in August, according to data provided by S&P Global Market Intelligence, after earnings topped the market's expectations. Ballard is still losing money, but if it can keep up a torrid pace of revenue growth this might be a good long-term energy play for investors.
Second-quarter revenue rose 50% to $26.5 million on the back of a 93% increase in revenue from the technology solutions arm of the business. This is the business that has a joint venture in China and is seeing demand from bus and tram programs in the country.
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Source: Fool.com
Ballard Power Systems Inc. Aktie
3,00 €
7,68 %
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 3.0 €.
