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Ballard Power Systems (TSE:BLDP) Stock Price Up 12.6% - What's Next?

Ballard Power Systems logo with Industrials background
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Key Points

  • Stock jump: Ballard Power Systems shares rose 12.6% on Wednesday to C$3.03 (intraday high C$3.08) on about 876,995 shares traded, roughly 26% above average volume.
  • Financial snapshot: Market cap C$875.15M, a negative P/E (-7.46) and debt-to-equity of 3.72, with the stock trading below its 50‑day (C$3.27) and 200‑day (C$3.73) moving averages.
  • Business focus: Ballard produces zero-emission PEM fuel cells used to electrify buses, commercial trucks, trains, marine vessels and stationary power applications.
  • MarketBeat previews top five stocks to own in May.

Ballard Power Systems Inc. (TSE:BLDP - Get Free Report)'s stock price rose 12.6% during trading on Wednesday . The stock traded as high as C$3.08 and last traded at C$3.03. Approximately 876,995 shares changed hands during trading, an increase of 26% from the average daily volume of 698,229 shares. The stock had previously closed at C$2.69.

Ballard Power Systems Stock Performance

The firm has a market cap of C$875.15 million, a P/E ratio of -7.46, a PEG ratio of -2,030.00 and a beta of 0.85. The company has a current ratio of 8.33, a quick ratio of 13.57 and a debt-to-equity ratio of 3.72. The company's 50-day moving average is C$3.27 and its two-hundred day moving average is C$3.73.

About Ballard Power Systems

(Get Free Report)

Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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