Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

BLDP 2.330

-6.4%

Jan 30 9:30 AM EST

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To: James Bliss who wrote (758)	6/11/1997 12:18:00 AM
From: Michael van Campen	of 5827

Interesting bit from Midland Walwyn on projected share price from last month (in CAD $). Looks like we may have hit this in 1 month vs. 18 months. This has been a great run, time to get some profits, but keep some stock so that we can all enjoy the ride. Cheers! ---- taken from Midland Walwyn's Research Papers ------------ Comments from 4/22/97 ... ($38.05) RECOMMENDATION: We believe near-term prospects for the stock are driven by environmental legislation, strategic alliances with industry partners adding validity to the company's technology, and Ballard's continued success in meeting milestones. We believe Ballard is currently being driven by news and view the company's potential markets and penetration as attractive. With an 18-month target price of $51.00, we rate the stock as a 1-Buy.

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