TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Taki who wrote (116028)	6/17/2003 12:05:39 PM
From: Jim Bishop	Read Replies (1) of 150070

Ballard shares rise on mystery fuel-cell order Tuesday June 17, 10:51 am ET TORONTO, June 17 (Reuters) - Ballard Power Systems (Toronto:BLD.TO - News) shares rose nearly 5 percent on Tuesday after announcing it received an order to supply its fuel-cell products to "a new major automotive customer." Ballard shares were up 4.91 percent, or 92 Canadian cents, to C$19.66 on volume of 105,994 on the Toronto Stock Exchange (News - Websites). The stock has moved in a yearly range of C$31.60 to C$10.55. The Vancouver-based company, known for its alternative fuel systems with customers such as Ford Motor Co.(NYSE:F - News), did not name the new customer for the C$1.75 million order. "The most important thing there is that at least people are trying the product than, really, who it is," said Sanjay Shrestha, analyst at First Albany Corp. in New York. "They're at least willing to entertain what this whole technology might have to offer. Everybody wants to take a look inside that black box and figure out what it's all about. "At the end of the day, are they really going to be building it in-house or are they going to outsource it to Ballard? It's yet to be seen...but at the early stage of the industry, everybody's going to be looking at things like that." Shrestha said Ballard had mentioned Japan's Mitsubishi Motors Corp. (Tokyo:7211.T - News) as a new customer but said the new client could be any one of several European auto names, such as Volvo (Stockholm:VOLVb.ST - News). ($1=$1.34 Canadian)

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