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 3.025

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Nov 14 9:30 AM EST

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To: Hawkeye who wrote (1748)	2/23/1998 12:45:00 PM
From: HarveyO	Read Replies (1) of 5827

Post says Midland analyst has $145 target Ballard Power Systems Inc BLD Shares issued 23,083,665 Feb 20 close $114.95 Mon 23 Feb 98 In the News The Financial Post reports in its Saturday edition that shares of Ballard Power Systems rose $0.95 to $114.95 on the Toronto Stock Exchange on Friday, on volume of 90,500 shares. Market Action columnist Ian Karleff notes that investors who bet on the Ballard fuel cell, a proprietary zero emission engine, when the company's stock was trading at a low of $32.50 on March 20 have earned a hefty 247 per-cent return. Ballard has support from Ford Motor and Daimler Benz AG, which together have invested $870 million to develop Ballard's environmentally friendly invention. The stock has been driven by clean air announcements and real earnings will come when cars start to be produced in 2004, according to Christine Farkas of Midland Walwyn Capital. Ms Farkas, who has a 12-month target price of $145 on the stock, says that Ballard and its partners are working on ways to make the fuel cell economically viable.

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