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

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To: Hawkeye who wrote (4576)	11/26/1999 10:24:00 AM
From: HarveyO	Read Replies (2) of 5827

Globe says Ballard sustains market confidence Ballard Power Systems Inc BLD Shares issued 83,799,377 Nov 25 close $42.00 Fri 26 Nov 99 In the News The Globe and Mail reports in its Friday, Nov. 26, edition that Ballard Power Systems recent stock advance reflects the growing confidence in the company's technology and in the fuel cell sector. The Globe's Wendy Stueck writes that the jump in Ballard shares this week follows several recent announcements by the company relating to $5.8-million in fuel stack orders. The orders are for stacks that will become part of fuel cell engines DBB Fuel Cell Engines Inc., plans to make for Ford and other automotive companies. Pacific International Securities analyst Kevin Binnie does not have a current recommendation on the stock but follows it closely and says the biggest question for shareholders is now not if Ballard's technology will get to market -- but when, and with what degree of penetration. It is relatively easy to predict the number of automobiles that may be manufactured in 2003, Mr. Binnie says, "but nobody knows what the take-up of fuel cell-powered vehicles is going to be." Ballard has competitors in the fuel sector, but analysts generally agree the company has a head start in terms of research and patented technology.

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