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. Stock
€2.63
-0.080%
We see a rather positive sentiment for Ballard Power Systems Inc. with 6 Buy predictions and 1 Sell predictions.
As a result the target price of 4 € shows a very positive potential of 51.86% compared to the current price of 2.63 € for Ballard Power Systems Inc..
