Leading developer of innovative clean energy fuel cell solutions Ballard Power Systems Inc. (BLDP) in Burnaby, Canada, offers its products to markets that include heavy-duty mobility, material handling, and engineering services. BLDP's shares have slipped 10.5% in price over the past five days and 25.2% over the past month, reflecting investor concerns surrounding a significant decline in shipments of its fuel cell products in China and its unimpressive fourth-quarter earnings report.
Closing its last trading session at $8.84, the stock is trading 61.8% below its 52-week high of $23.13. While the hydrogen fuel cell provider has made significant progress in expanding its customer base in its target markets amid the increasing support for a hydrogen economy, the stock’s lofty valuation does not justify its weak margins.
