Why Shares of Ballard Power Systems Inc. Popped 11% Today

Shares of Ballard Power Systems Inc. (NASDAQ: BLDP) jumped as much as 11.2% in trading Thursday after reporting third-quarter results. The company lost money, but surpassed revenue expectations by a wide margin. At 2:55 p.m. EDT, shares were still up 9.1% on the day.

Revenue was up 54%, to $31.9 million, and easily surpassed the $28 million analysts expected. Adjusted net loss of $1.0 million, or $0.01 per share, was exactly in line with expectations.

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Source: Fool.com