Ballard Power initiated at Cowen, which cites key positives

Early gains in Ballard Power (BLDP +0.7%) are fading, as Cowen starts coverage of BLDP at Market Perform with a price target of $3.75, slightly below the stock's close at $3.93 last week, as the firm notes some key positives.

BLDP and Volkswagen have a multi-year contract which might be good for C$60M-C$110M in revenue, and a partnership with Anglo American Platinum targets developing home generators for South Africa.

Cowen is looking for a FY 2014 loss of $0.07/share and a 2015 loss of $0.01/share, while seeing respective '14 and '15 revenue of $80M and $97.5M.

After early gains, other alternative energy stocks are mixed: PLUG +1%, FCEL -0.8%, HYGS -3%, ZBB -1.1%.

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Comments (4)
  • Hossein Agharahimi
    , contributor
    Comment (1) | Send Message
    Seeking alpha please we are in great bull market where capital becomes easy to find and open unlimited opportunities for growing companies to show a happy face! so please upgrade PLUG! thanks.
    14 Apr 2014, 08:32 PM Reply Like
  • just read the instructions
    , contributor
    Comments (786) | Send Message
    The quality of this rather typical comment from a PLUG-long tells a lot about the stock and its owners.
    15 Apr 2014, 07:51 AM Reply Like
  • mikelazar
    , contributor
    Comments (438) | Send Message
    Your mindset is unbelievable man upgrade what the stocks went from 16cents to 7.40 in less than 6 months.How the hell do you upgrade that??????
    14 Apr 2014, 09:13 PM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
    Can you please upgrade PHOT while your at it.. Lol
    15 Apr 2014, 08:07 AM Reply Like
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