Dallas, Texas 01/06/2014 (FINANCIALSTRENDS) – Ballard Power Systems Inc. (USA) (NASDAQ:BLDP), the $203 million market capped fuel cell products manufacturer has seen its stock gain by 6.29 percent during trading on January 3. With the latest surge, the stock of this alternate energy component manufacturer has gone up by a respectable 23.18 percent during trading during last week’s trading. This has helped its investors recoup their investments to the tune of 45.3 percent in the past one month of trading.
The build up in the sock of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) has coincided with the dramatic upping of the investor interest in the stock of other clean energy and fuel cell manufacturing firms like Plug Power Inc (NASDAQ:PLUG) and FuelCell Energy Inc (NASDAQ:FCEL). These two competitors of Burnaby, Canada based firm have managed to record double digit growth in the market valuations of their stock on the back of strong build up in the order books for the current quarter. Those two firms had also announced the completion and commissioning of new clean power, fuel cell based energy parks recently. These news announcements had caused investors to invest heavily into those two company stock. The resultant upward rally has resulted in the entire clean energy sector posting strong gains and Friday’s surge in the stock of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) has to be seen in this context.
Readers should note that this small cap fuel cell manufacturer has posted sales of $60.4 million for the past 12 month’s period and has accumulated net loss of $34.5 million. In the past one year, its stock investors have seen their investments grow by a huge 215 percent. When the markets closed for the day on January 3, the stock price had settled at $1.86 per share which is 220 percent higher than its prior 52 week low price point.