Bargain investors willing to break beyond the traditional $10 stock barrier will find a lot to like in Ballard Power Systems Inc. (NASDAQ: BLDP). Ballard develops fuel cell products for portable power systems, commercial and industrial vehicles, material handling, and backup systems. Ballard’s proton exchange membrane fuel cells are zero-emission, making them popular with companies seeking to reduce their carbon output without a cost disadvantage.
Ballard’s technologies have proven to be popular in the industrial and commercial sectors. In 2019, revenue increased by 12.70%. The company operates with a gross margin of 20.49%. Earnings are expected to increase by as much as 70.69% over the next year, which could create a huge stock price upside for investors who buy today. As the company continues to improve its earnings performance, the stock will become more ‘mainstream’ and could attract more activity.
The goal with every bargain stock is to realize the eventual upside. Ballard has broken beyond $10, but it still has room to move in the short and long-term. The average target price of $21.37 suggests a strong gain over today’s trading price. Even beyond the upside, this is one of the best alternative energy companies to invest in for the years to come.
- 1 Year Price Growth: 69%
- YTD Price Growth: 44%
- 3 Month Price Growth: 04%
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.