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Ballard Power Systems Remains The Best Bet On Fuel Cell Potential

This is the third time that I've revisited shares of Ballard Power Systems (NASDAQ:BLDP). The first recommendation came last June, the follow-up in December. Ballard just reported earnings, and I'm even more bullish on the company. Shares have been a phenomenal performer over the last nine months.

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And shares are still a long way off from the 2000 highs.

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4Q earnings results

The fourth quarter was a great end to a great turnaround year for Ballard Power. For the full year, the company saw a 40% increase in revenues, 10 point improvement in gross margins, a 7% reduction in operating costs, and a 63% improvement in adjusted EBITDA. Perhaps, most importantly, adjusted...

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