Sep. 9 at 2:14 PM
$BLDP is showing increasingly bullish momentum. The stock has rebounded from the
$2.20 area toward
$2.50, with improving volume suggesting renewed buying interest. A sustained breakout above
$2.50–
$2.55 could open the door toward
$2.70 and potentially the key
$3.00 level.
The fundamental picture is also improving. Q2 revenue rose 15% YoY to
$21M.X, gross margin reached 20%, and the order backlog climbed to roughly
$157M. Ballard also secured a 15 MW stationary-power order for fuel-cell modules used in construction, events, critical infrastructure and other off-grid applications. The GeoPura acquisition further expands Ballard into hydrogen production, logistics and Energy-as-a-Service, while the new FCmove-XD 150kW platform targets trucks, buses, rail and stationary power.
Overall, the setup looks far more constructive than a few months ago, with improving fundamentals now supporting the technical recovery.
Peers to watch:
$PLUG,
$BE,
$FCEL,
