Why Ballard Power Systems Stock Just Popped 5%
Shares of Ballard Power Systems (NASDAQ: BLDP) are glowing green today, after the fuel cell pioneer announced an agreement to partner with commercial vehicle parts supplier Mahle to develop and commercialize "zero-emission fuel cell systems to provide primary propulsion power in various classes of commercial trucks." Ballard is gaining a powerful partner in Mahle. The 100-year-old German auto parts maker semploys 77,000 workers at 60 production locations around the globe, and does about $14 billion in annual sales, producing parts that it claims are eventually incorporated into "half of all the vehicles on the world's roads."
