Posts for Ticker ‘BLDP’

Top Day Trader Alerts (AGNC, BIDU, BLDP, ICGN, WYNN)

These are this morning’s top day trader alert stocks on unusual trading volume and price action.  We have provided a link through to each stock at VSInvestor.com with more details on price and volume analysis.

American Capital Agency Corp. (NASDAQ: AGNC) is a top loser this morning in percentages after a secondary offering well below the closing price.

Baidu, Inc. (NASDAQ: BIDU) is getting crushed by almost 20%.  It beat EPS targets but revenue was light and revenue guidance  was light.

Ballard Power Systems Inc. (NASDAQ: BLDP) is down 8% after poor guidance.

Icagen, Inc. (NASDAQ: ICGN) is down 20%, half of its -40% last night, after dropping its asthma aspirations on poor study results.

Wynn Resorts Ltd. (NASDAQ: WYNN) is trading all over the place… +2% then -2.8% after earnings.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

Jon C. Ogg

Posted on: October 27, 2009 – 8:52 am in After-Hours Activity, Pre-Market Activity, Trading Alert, , , , ,

The 52-Week Low Club (HOV)(KIDS)(BLDP)(PEIX)

Sad_clownHovnanian (HOV) News on housing prices pushes homebuilder down. Drops to $1.56 from 52-week high of $13.50.

Parent (KIDS) Files for Chapter 11. Sells down to $.05 from 52-week high of $6.43.

Ballard Power Systems (BLDP) Court ruling hurts shareholders. Plunges to $1.25 from 52-week high of $5.71.

Pacific Ethanol (PEIX) No news. Alternative energy stocks continue ride down. Moves off to $.41 from 52-week high of $9.20.

Douglas A. McIntyre

Posted on: December 30, 2008 – 6:58 pm in HI/LOW, , , ,

Ballard Power & Plug Power Extend Exclusive Lock-Up (BLDP, PLUG)

Plug Power Inc. (NASDAQ: PLUG) and Ballard Power Systems (NASDAQ: BLDP) have extended their existing supply agreement through December 31, 2010, which was currently set to expire on May 1, 2009. Under the new agreement, Ballard will remain the exclusive supplier of fuel cell stacks for Plug Power’s GenDrive(tm) product line of fuel cell power units.

Ballard’s Mark9 SSL(tm) fuel cell products supply power to GenDrive hydrogen fuel cell units, which replace lead-acid batteries in lift trucks used in large warehouse, distribution and manufacturing facilities.  Plug Power integrates the fuel cell product with the balance of plant to produce a reliable motive power system that offers customers compelling benefits over the incumbent technology for the following:

  • continuous power for increased productivity;
  • reduced operational costs;
  • elimination of a battery charging room;
  • and the elimination of the storage and handling of toxic materials.

Ballard has a market cap of nearly $400 million and is expected to have revenues of about $70 million in 2008, while Plug Power has a market cap of about $212 million and is expected to have revenues of about $20 million in 2008.

Jon C. Ogg
July 2, 2008

Posted on: July 2, 2008 – 6:47 am in Alternative Energy, ,

Goldman Sachs On Alternative Energy (SPWR, BLDP)

Goldman Sachs has an upgrade and a downgrade in the alternative energy sector today, although it notes positive headwinds in the sector continuing for 2008. 

  • On the auto-side for fuel cells, Goldman Sachs is trimming the rating on Ballard Power (NASDAQ: BLDP) from Neutral down to a Sell rating.
  • In solar names, the firm is raising its SunPower Corp. (NASDAQ:SPWR) rating to a Buy from a Neutral and it raised next year’s earnings targets from $0.84 EPS to $0.97 EPS.

The brokerage firm likes companies with large potential markets that can be supplied, likes those with a competitive advantage, and those that are established that already have a track record.  It also noted that out of the three areas of solar, clean coal, and fuel cells, it really prefers Solar the best as a subsector.

Jon C. Ogg
January 11, 2008

Posted on: January 11, 2008 – 7:49 am in Alternative Energy, Analyst Calls, ,

How Investors Should View Honda’s Fuel Cell Car (HMC, F, TM, BLDP, ZAAP)

The promise of fuel cell cars has been a long arduous prospect for investors and for green-tech consumers alike.  Last week marked the more official unveiling of Honda Motor’s FCX Clarity, the coming fuel cell car that will be released in the U.S. during the summer of 2008.  24/7 Wall St. wanted to review what this will mean for Honda Motor Co. Ltd. (NYSE:HMC) as far as its stock is concerned. 

Honda_fcx_picThe truth is that will be phenomenal, but it will not be an investable event until 2009 or later.  The reason is that this FCX Clarity is only going to be released on a limited basis in California in summer of 2008 (only to customers currently residing in the Torrance, Santa Monica and Irvine areas who meet additional qualification criteria will be eligible to take an FCX Clarity home) because refueling fuel cells can’t be done just anywhere.  Not yet, anyway.  The good news is that these will be leased for 3-years for $600/month.  The bad news is that it is going to be years and years before this is readily available countrywide and many metro areas do not even know when alternative energy fuel stations will be proposed.

This is exactly why any politician offering the American public a four year fix to our energy problem is selling rhetoric you shouldn’t listen to.  It is going to be 2012 to 2016 before the U.S. will see any noticeable difference, and anyone who believes that any full system-wide fix happening before 2020 is probably more optimistic than realistic.  You are hearing this from someone who believes that green investing and green businesses are already becoming big business.  But there are also financial and logistical realities.

Electric cars and electric scooters are already available from an OTC-Bulletin Board traded company called ZAP! (OTC-BB:ZAAP). Daimler’s (NYSE:DAI) "smart" vehicle is said to be available in 2008, although ZAP has a lawsuit against Daimler.

Toyota (NYSE:TM) has been a huge success with its hybrid offerings.  The Prius is for all practical purposes sold out at Toyota dealerships and used car dealers tell us that any Prius gets sold site-unseen and shipped out to California.  It was surprising that Toyota even bothered advertising it, as they don’t need to spend the cash.

Ford (NYSE:F) also has hybrids sell out basically as they come on the lot.  The hybrid tech is licensed from Toyota.  I have test driven a Ford Escape hybrid and was impressed, although the recycled interior is taking it a bit far (after all leather is recycled cow skin, and burping cows emit carbon.. look it up).  There are many other hybrid vehicles on the road, but the fuel cell is the ultimate goal with zero-emissions.

Ballard Power (NASDAQ:BLDP) was long thought of as the fuel cell stock play, and this has been a "watch stock" on our alternative energy sector tag on the 24/7 Wall St. site.  In fact, I have been covering that stock on and off since 1996 or 1997 when this was just a future technology.  But now Ballard has sold off its automotive fuel cell business to Ford and to Daimler AG (NYSE:DAI) in return for its stakes held by both companies.  Now Ballard will only focus on fuel cells for the industrial sector usage.  It will still develop the bus market, but the future of Ballard in the consumer auto markets will be that of a manufacturing one without the intellectual property.  The market gave this one a quick "thumbs up" vote, but shares have come right back down.

Honda’s market cap is currently around $123 Billion, and it is hardly followed by analysts in the U.S.   The ADR shares trade under $34.00 today and its 52-week trading range is $31.29 to $40.82.  24/7 Wall St. commends Honda for getting this commercially launched in the U.S., but we caution investors looking to play this for another year or two should be investing in "HMC" only the merits of what cars they offer today rather than their future fuel cell cars for the U.S. consumer. 

Jon C. Ogg
November 19, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter and can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.  24/7 Wall St. also publishes "The Business Day in Global Warming" and you can subscribe directly to that on an RSS feed if you are only interested in green investing news by setting your RSS readers to the following link: http://www.247wallst.com/alternative_energy/index.html

Posted on: November 19, 2007 – 11:23 am in ADR, Alternative Energy, Autos, Cult Stock, OTC, , , , , , , ,

The Business Day In Global Warming (GE, BLDP, UTX, PX, FWLT, PBOF, OPTT, YGE, FPL, GWSO)

If you haven’t heard of the 4th Annual Energy Tech Conference, from October 3 to 4, 2007, in San Jose, California, it might be worth looking at.  There will be clean-tech, green tech, VC’s and even traditional power companies there.

Apparently, some new company is out in the alternative energy and green tech sector if you trust the name, although you are on your own because they are on the OTC PINK SHEETS.  Global Warming Solutions (PINKSHEETS:GWSO) issued a corporate update.

Florida Power & Light Co. (NYSE:FPL) today asked the Florida Public Service Commission (PSC) for permission to expand power production capacity at its currently operating Turkey Point and St. Lucie nuclear power plants.

Yingli Green Energy Holding Company Limited (NYSE:YGE) entered into a new mid to long term agreement with Wacker Chemie AG of Germany.  Wacker will supply Yingli Green Energy with polysilicon from 2009 to 2011. The total amount of polysilicon supplied will allow Yingli Green Energy to produce over 80MW of PV modules over the life of the agreement.

Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced its results for the first quarter of its fiscal year ending April 30, 2008. Revenues were $556,000 compared with $305,000 in the three months ended July 31, 2006; net loss of $2.4 million in the first quarter of fiscal 2008 compared with a net loss of $1.7 million in the first quarter of fiscal 2007. Stock fell 3.2% to $13.27, still with a $135 million market cap.

PennFuture: Wind Energy Vital to Pennsylvania’s Economy, Environment and Public Health…. This is music to General Electric’s (NYSE:GE) ears as they are the top wind power turbine maker in North America. 

Northeast Advanced Vehicle Consortium signs contracts on Six New Fuel Cell Bus Projects with Federal Transit Administration:  State-of-the-Art Fuel Cell Buses to be deployed In Connecticut, Massachusetts and New York.  UTC Power, GE Research, New York Power Authority, Nuvera, Massport, CT Transit,  Ballard Power Systems, New Flyer, and others to be involved.  STOCK TICKERS: UTX, GE, BLDP.

Praxair, Inc. (NYSE: PX) and Foster Wheeler North America Corp., a US subsidiary of Foster Wheeler Ltd. (Nasdaq: FWLT) have signed a multi-year agreement that calls for the joint pursuit of certain demonstration projects that will incorporate clean coal technologies and integrated oxy-coal combustion systems into coal-fired electric generating plants to facilitate capture and sequestration of carbon dioxide (CO2).

Pure Biofuels Corp. (OTCBB:PBOF), a leader in the South American biofuel industry, today announced the closing of a $30 million round of private financing consisting of a $10 million convertible note and a $20 million secured credit facility.

Goldman Sachs today issued its new Super Spike price band for oil saying we are in Phase 2 of the cycle.  This now lays out the possibilities for up to $135 per barrel and up to $4.50 per gallon at the pump. Remember, this isn’t a prediction these go there, it’s just a range for super-spikes in prices based upon today’s conditions.  They did give new actual targets though, and the call is for higher prices to remain.

Jon C. Ogg
September 17, 2007

As a reminder, whether you prefer the term "Global Warming" or "Climate Change" is not the issue as far as 24/7 Wall St. covers it.  Green business has become big business, and this affects many public companies today.

Posted on: September 17, 2007 – 6:04 pm in Alternative Energy, , , , , , , , , , , , , , , ,