Fuel cell stocks Ballard Power, Plug Power charge higher

|About: Ballard Power Systems, Inc. (BLDP)|By:, SA News Editor

Today's strength in Ballard Power (BLDP +22.6%) may be traced to a story suggesting that Toyota (TM) will sell a fuel cell car worldwide in 2015, but it just as well could be credited to the stratospheric rise in Plug Power (PLUG +37.5%), whose shares have more than doubled since a Jan. 2 announcement that Q4 orders were above expectations, which may bode well for the fuel cell industry as a whole.

BLDP has been making quiet progress toward hitting breakeven; for the first nine months of 2013, it reported revenue of ~$44M, up 65% Y/Y, and gross margin for the first nine months was 25% vs. 17% in 2012 and 13% in 2011.

FuelCell Energy (FCEL +13%) is sharply higher today after climbing 27% YTD.