The market operates on a forward-looking framework. As such, investors may be hesitant to chase Ballard Power Systems (BLDP), which engages in the design, development, manufacturing, sales and servicing of fuel-cell products. Earlier, it made an announcement regarding its largest-ever order. However, since that’s now in the past, BLDP stock doesn’t seem a great buy. However, speculators may be able to milk something.
Let’s look at the facts. First, Ballard shares soared on the signing of a long-term supply agreement (LTSA) with its customer Solaris Bus & Coach, a leading European bus manufacturer. The terms of the deal call for the supply of 1,000 hydrogen fuel-cell engines through 2027 for the European transit bus market. Subsequently, BLDP stock spiked almost 18% on Monday.
