Boston, MA 06/10/2013 (wallstreetpr) – The share prices of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) had surged by 16.67 percent to close at $1.89 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $1.63 to $1.92 per share during the day. The shares of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) had recorded 52 week low price level of $0.56 per share and 52 week high price level of $2.39 per share.
Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) is primarily engaged in the design, development, manufacturing and sales of fuel cell power products. The company’s products are used for a variety of applications with primary focus on motive power and stationary power. Further, Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) is also engaged in the development and commercialization of Proton Exchange Membrane fuel cell. The business operations of the company are carried out through two major segments namely the Fuel Cell Products segment and the Materials Segment.
Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) had recently announced that the growing demand for its fuel cell products had been basically driven by two distinct needs prevailing in the market. One need is for the provision of backup power in regular and daily outages in those markets where there are unreliable electricity grids. The other basic need driving the demand for products of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) is related to the provision of backup power in markets where there are reliable electricity grids, which are still vulnerable to outages due to extreme weather conditions.
These two basic needs for backup power are highly driving the market for the fuel cell products of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) which is in turn increasing the shipments of its products to various regions in demand.
