2024-05-01 08:00:00 ET
Summary
- Ballard Power has been a disappointment for investors, but it may be a good speculative buy at this point.
- The company's financial performance has been lackluster, with declining margins and continued losses.
- However, Ballard has a strong balance sheet and significant cash reserves, which makes it a turnaround candidate for patient long-term investors.
While working as a trader a couple years out from university, I remember testing a new equity trading software prior to launch. This was more than 20 years ago. In a live testing session, I was asked by the software rep to place a phantom trade into the staging system, and I placed a buy order for Ballard Power ( BLDP ) ( BLDP:CA ) for testing purposes. The new millennium was upon us and in the energy space, fuel cell and solar technologies were all the rage, so Ballard had come first to mind.
I cannot recall if the software test was successful or not that day, but I know one thing for certain; investors in Ballard over the past few decades probably wish that they too had been placing fake trades in this stock. Ballard has been a chronic disappointment, minus the infamous short squeeze/gamma squeeze during early 2021....
Read the full article on Seeking Alpha
For further details see:
Delicious Runway For Patient Ballard Power Shareholders