NEW YORK (TheStreet) -- Shares of Ballard Power Systems (BLDP) rose 6.92% to $3.40 in after-hours trading Monday after the fuel-cell company announced it had received an order for 13 ElectraGen-ME fuel cell backup power systems.
The order comes from Precision Power & Air (PP&A), Ballard's Caribbean distributor. The cells will be deployed in the Digicel Group Limited network in Jamaica. This is the second such order for Digicel and it increases the total systems deployed at "critical sites" throughout Jamaica to 25, Ballard said.
The first batch of fuel cells ordered have been functioning in Digicel's network for more than two years, the company announced.
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 a number of negative factors, 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."
- You can view the full analysis from the report here: BLDP Ratings Report