Ballard Power: Waiting For New Leadership To Right The Ship - Hold

  • In recent months, shares of fuel cell systems developer Ballard Power Systems Inc. have rallied by almost 70%. The reinstatement of investment tax credits, announcement of new leadership and momentum traders chasing former hype stocks have contributed to the move. Last week, the company announced "one of the largest marine fuel cell engine orders in history" for two newbuild feeder containerships.