BallardBallard Power Systems Inc. (NASDAQ: BLDP) is a fuel cell company that provides products for heavy duty machinery, portable power, backup power, and clean energy. Ballard technologies are used in zero-emission heavy duty vehicles in various sectors of industry.

Ballard revenues have been mixed in recent years, but, the company is growing overall. In 2014 the company made $75.9 million in revenue. By 2018, that figure jumped to $125.19 million. The company operates with a reasonable gross profit margin of 31.75%. The company makes large investments in research and development, which could stunt the financials in the short-term. However, long-term prospects are strong, especially as industries are continuing to move towards electrification.

Ballard secured a contract with Chinese Weichai Power Co. in 2018, giving it access to a growing electric vehicle market. The company has also invested in a new European venture this year to support its marine fuel cell development. Ballard stock is growing and has outperformed the stock market this year. This is a strong energy stock to consider for its low price and long-term potential.

Key Data:

  • 1 Year Price Growth: -3.23%
  • YTD Price Growth: 08%
  • 3 Month Price Growth: 74%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.