Why Ballard Power Stock Popped 13% Today
It's been three months since fuel cell company Ballard Power (NASDAQ: BLDP) last reported quarterly earnings. These quarterly earnings reports coming three months apart, that means we're due for another earnings report any day now. Even before it arrives, however, Ballard Power is moving up -- up 12.9% to be precise, as of Tuesday's close.
Why did Ballard stock move higher on Tuesday? Yesterday after close of trading, Ballard issued a press release patting itself on the back, stating that "the Company's proton exchange membrane fuel cell technology and products have now successfully powered Fuel Cell Electric Vehicles ... for an industry-leading cumulative total of more than 30 million kilometers (18.5 million miles) on roads around the globe."
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Source Fool.com
