Fuel Cell Stock Rallies to 17-Year High After China Order
- Ballard’s tech powers thousands of electric vehicles in China
- Firm expects ‘high adoption’ of fuel cell electric vehicles
Photographer: James MacDonald/Bloomberg
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Shares of Ballard Power Systems Inc. rallied to a 17-year high after the company announced a $7.7 million order from China.
The Vancouver-based hydrogen fuel-cell maker jumped as much as 8.3% to its highest since December 2002 after the receiving a purchase contract from Guangdong Synergy Ballard Hydrogen Power Co., a 10%-owned joint venture located in China.