We feature Ballard Power Systems Inc (TSX: BLD), a renewable energy equipment stock, as today’s top momentum gainer since it gained more than 15% touching its new 52-week highs during the last two consecutive trading days with significant numbers of shares exchanging hands. BLD was among the top gainers in the Canadian energy space after gaining 26.2% during the last session and closed at its 52-week high of $5.93 while recording significant volumes of 6.39 million shares. During the last 5-trading sessions, BLD surged 82% recording daily average volumes of 2.96 million shares, while the stock accumulated over 167% during the past one month with 30-day average volumes of 830,796 shares. Recently, BLD exercised 4.9 million warrants to purchase shares generating proceeds of approximately $7.6 million.
Company Description:
Ballard Power Systems Inc (TSX: BLD) designs, develops, manufactures, sells and service hydrogen fuel cells for a range of applications. The company’s products and services are used in many industries such as materials handling, residential cogeneration, backup power and transportation.
1-Year Stock Chart:
Source: Bloomberg
