BLDP Stock: Over 4% Increase Explanation

By Amit Chowdhry ● April 16, 2021
  • The stock price of Ballard Power Systems Inc (NASDAQ: BLDP) increased by over 4% during intraday trading. This is why it happened.

The stock price of Ballard Power Systems Inc (NASDAQ: BLDP) increased by over 4% during intraday trading. Investors are responding positively to B. Riley initiating Ballard Power with a “Buy” rating and a $30 price target. 

And B. Riley analyst Christopher Souther believes Ballard is best positioned in the fuel cell space for heavy-duty applications. And Souther believes that Ballard has the partners, capital, and experience for establishing and maintaining its leading market position.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.