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Ballard Power (BLDP) Moved Up 12% Before The Market Opened; Why?

AZRX Stock

AZRX Stock

It appears that Ballard Power Systems (NASDAQ: BLDP) may have some momentum going into the regular session as it is up 12.22% in pre-market trade.

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For traders and investors concentrating on technical inventory assessment, ATR is also a useful measurement, and that for Ballard Power at the moment is 2.57. During 52 weeks the highest price level is $42.28 while the lowest price is $6.95.

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Additionally, the recent announcement that the company’s fuel cell modules would be used in an electricity program that operates on hydrogen has been causing the stock’s recent rise.

Ballard Power’s mission is to deliver fuel cell power to ensure the sustainability of the planet. Ballard’s zero-emission PEM fuel cells are now available for buses, transportation by rail, ships, and forklift trucks, and even for commercial vehicles.

Ballard’s fuel cell modules will be employed by CP’s pioneering Hydrogen Locomotive Program, the company announced yesterday.

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