Ballard Power Systems Inc (NASDAQ:BLDP) shares surge by 15.83%

Boston, MA 05/28/2013 (wallstreetpr) - In Friday’s trading session, Ballard Power Systems Inc (NASDAQ:BLDP) rose by 15.83%. It opened at $1.21 per share, touched an intraday high of $1.40 and dropped down to close at $1.19 per share. More than 2.93 million shares were traded in Friday’s trading session. This number stood above the average volume of 0.643 million that was measured over a 30-day period.

BLDP is involved in designing, developing, manufacturing, selling and servicing fuel cell products that are used in numerous applications. The focus is on stationary power (back-up power and distributed generation) and motive power (material handling and buses).  Ballard Power Systems Inc (NASDAQ:BLDP) is also involved in proton exchange membrane, fuel cell development and its commercialization. It provides engineering services for different fuel cell applications. It operates in two different segments: Fuel Cell Products as well as Material Products.

Its services and products include fuel cell stacks, material products, fuel cell modules and engineering services. Its subsidiaries include AFCC Automotive Fuel Cell Cooperation Corp, Dantherm Power A/S, Ballard Material Products Inc., BDF IP Holdings Ltd and In 2012 August, the company acquired key assets from IdaTech.

The carbon-based engineered material products that the company develops, manufactures and sells are supplied to a variety of markets. These products are in the sold in roll goods form. They may either be woven carbon fiber textile fabrics or carbon fiber papers. Its AvCarb gas-diffusion layer materials are in continuous rolls. They are designed to enable membrane electrode assemblies to be manufactured with the use of automated assembly techniques.

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