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Why Ballard Power Systems Stock Is Soaring Today

TheMotleyFool

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Why Ballard Power Systems Stock Is Soaring Today: https://g.foolcdn.com/editorial/images/742607/two-people-lean-against-a-pickup-truck-in-a-farm-field.jpg

The bears are dominating today's market activity, but shares of Ballard Power Systems (NASDAQ: BLDP) are unaffected thanks to the company's news about an impressive new collaboration. Ballard announced that it's partnering with Ford (NYSE: F), and investors are charged up about the company's prospects.

As of 11:07 a.m. ET, shares of Ballard Power Systems are up 9.8%.

Ballard and Ford announced today that they've signed a letter of intent regarding a partnership to develop a hydrogen fuel cell-powered vehicle. According to the deal, Ballard will provide Ford with two hydrogen fuel cell engines in 2023.

Source Fool.com

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