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 3.565

+0.1%

Nov 11 3:59 PM EST

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To: Hawkeye who wrote (1787)	3/6/1998 12:45:00 PM
From: HarveyO	Read Replies (1) of 5827

Hawkeye - this press release confirms what you were saying. Globe says stock drops as analysts cut recommendation Ballard Power Systems Inc BLD Shares issued 23,083,665 Mar 5 close $130.90 Fri 6 Mar 98 In the News The Globe and Mail reports in its Friday, March 6, edition that Ford Motor and Mobil are hooking up to develop new fuels and engine technology, including advances aimed at making the fuel cells developed by Ballard Power Systems commercially possible. The Globe's Greg Keenan writes that Ford and Mobil say they have formed an alliance to work on short term, medium term and longer term projects, including improving fuel and engine technology and creating a wider market for alternative fuel vehicles. Ballard Power Systems shares plunged yesterday after the company was downgraded to "neutral" from "outperform" by Morgan Stanley Dean Witter analyst Robert Chewning. The share price fell $7.60 to $130.90 in trading on the TSE. Volume was 171,000 shares. Mr Chewning says he changed his rating on the stock before the Mobil-Ford alliance was announced and he downgraded it because the stock has risen so high.

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