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Wednesday, 01/10/2018 1:52:33 AM

Wednesday, January 10, 2018 1:52:33 AM

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Ballard powers up
Ballard Power Systems has been specializing in fuel cells for a long time, and it has had some successes over the years that have kept it a relevant player in the industry. Yet last summer's announcement that the company had created a new fuel-cell technology that doesn't require expensive precious metals like platinum led to a big advance for the stock, and significant backlogs of orders have investors excited about Ballard's future.

The big question for Ballard is whether it can become profitable and keep pulling in new supply agreements from its diverse customer base. Customers currently include multiple transportation providers including truck, train, and bus systems, as well as drone manufacturers, forklift makers, and automakers. With the complexity of batteries in powering electric vehicles, fuel cells are a viable alternative that could make Ballard even more successful in 2018 and beyond.

https://finance.yahoo.com/news/stocks-could-double-again-203000750.html
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