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Why Ballard Power Systems (BLDP) Stock Soared Today

NEW YORK (TheStreet) -- Ballard Power Systems (BLDP - Get Report) surged 32.19% to $5.40, up nearly $1.32 from its previous close of $4.09, on Tuesday as the stock rose in sympathy with peer companies Plug Power (PLUG) and FuelCell Energy (FCEL).

Plug Power soared 49.03% to $8.48 after CEO Andy Marsh told MarketWatch that the company "signed an additional order in North America with a global automaker" but did not specify the other party or provide any specifics on the deal.

Ballard provides fuel cell stacks to Plug Power for its more than 2,800 GenDrive Systems.

FuelCell rose 19.75% to $2.91 after news that the largest publicly-traded U.S. fuel cell manufacturer would provide a power plant for a greenhouse facility in British Columbia. The company will provide a power plant for a C$7.5 million, or $6.7 million, project to convert landfill gas into electricity and carbon dioxide to sustain plants at a Canadian greenhouse. Village Farms International said in a statement that it combined the fuel cell with a system from Quadrogen Power Systems that gathers and separates landfill gas. One stream of the gas powers the fuel cell and the "food-grade" carbon dioxide feeds the plants.

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BLDP Chart

BLDP data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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