Why Ballard Power Systems (BLDP) Stock Is Climbing Today

NEW YORK (TheStreet) -- Shares of Ballard Power Systems Inc. (BLDP) are higher by 4.75% to $4.32 in early afternoon trading on Tuesday as the stock continues to gain from the company's announcement it signed a fuel cell licensing and engineering services agreement with M-Field Energy Corp.

The deal is for the sub-license of intellectual property to M-Field, a sustainable energy company, for material handling systems deployed in Europe, the agreement has a value of approximately $1 million, Ballard said. 

Ballard will provide M-Field with engineering service support into early 2015 through its Denmark subsidiary, Dantherm Power A/S.

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As part of the agreement Ballard will be the exclusive supplier of fuel cell stacks for all material handling systems set up by M-Field in Europe.

Separately, TheStreet Ratings team rates BALLARD POWER SYSTEMS INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate BALLARD POWER SYSTEMS INC (BLDP) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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