NEW YORK (TheStreet) -- Fuel cell shares now are behaving like the 3-D-printing stocks of 2013. Shares of Ballard Power (BLDP - Get Report), like those of its peers FuelCell Energy (FCEL - Get Report) and Plug Power (PLUG - Get Report), have soared. In 2014, Ballard's shares have risen by 250% to $5.28.
Ballard Power manufactures and sells fuel cells and provides engineering services for fuel cell applications. A fuel cell is an environmentally friendly electrochemical device that uses hydrogen fuel and oxygen to produce electricity. So far, Ballard Power has designed and sold 150 MW of hydrogen fuel cells.
The recent sector rally can be attributed to increasing optimism due to some new orders, as well as Plug Power's deal with Wal-Mart (WMT). More important, Ballard Power has made significant improvements in its top and bottom lines. The company's shares could continue going higher in anticipation of positive cash flows and break-even earnings in the near future.
Ballard Power's long-term outlook appears bright, as some of the leading automakers have been betting big on the future of fuel cell cars. Furthermore, Tesla (TSLA) could also provide growth opportunities with its expansion plans.
|Revenue (in thousands)||$55,773||$43,690||$61,251|
|Gross Profit (in thousands)||$7,279||$7,369||$16,759|
|Net Loss (in thousands)||-$37,175||-$42,320||-$19,988|