SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 3.375-5.1%Nov 4 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: kidl7/17/2020 9:05:08 AM
   of 5827
 
The Globe and Mail reports in its Friday, July 17, edition that Raymond James analyst Michael Glen commenced coverage on Ballard Power Systems with an "outperform" rating, calling the high-flying stock "a legitimate hydrogen industry leader in a sector on the cusp of receiving very significant and substantial investment dollars." The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Glen set a share target of $28 (U.S.). Ballard stock has soared 150 per cent so far this year, compared with about 16 per cent for the Nasdaq. Mr. Glen calls the stock "expensive." However, "digging beyond valuation and understanding the drivers, what we find is an extremely compelling and unique multi-decade growth opportunity in the stock," Mr. Glen says in a note. He adds: "When we look at Ballard, and in working through the company's relationships (in both Europe and China), strategic alignments, investment focus, and strategy, we see a company that is exceptionally well positioned to benefit as investment dollars are allocated towards hydrogen. The company already has an extremely high market share in the deployment of fuel cells in the commercial bus market."

© 2020 Canjex Publishing Ltd.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News