Ballard PowerBallard Power Systems Inc. (NASDAQ: BLDP) develops hydrogen fuel cells for a variety of applications. Its involvement in clean energy makes it appealing to alternative investors. The bargain price today is also noteworthy, especially considering the stock’s impressive growth in the year so far. It could maintain this momentum, depending on its upcoming fiscal report.

In the upcoming report, analysts expect that Ballard will reveal year over year revenue growth close to 8%, while earnings will remain flat. Investors should not expect a breakout quarter, as the company has beat earnings estimates only once in the previous four quarters.

Despite the mild fiscal performance, this stock will still be attractive for many. The demand for cleaner alternative energy sources is increasing. It is estimated that clean and renewable energy will dominate the market by 2050. The stock’s low price point and long term potential in a changing global landscape make it interesting this month. Investors who want to remain cautious can wait until next week to analyze the company’s earnings data before buying or passing on this alternative energy stock.

Key Data:

  • 1 Year Price Growth: 48%
  • YTD Price Growth: 24%
  • 3 Month Price Growth: 73%

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.