Why Shares of Ballard Power Systems Fell 14.5% in March
Shares of hydrogen fuel cell specialist Ballard Power Systems (NASDAQ: BLDP) tumbled 14.5% in March, according to data provided by S&P Global Market Intelligence. That was slightly worse than the overall S&P 500, which was down 12.5% for the month. But it was much better than peers Plug Power (down 18.4%) and Bloom Energy (down 42.4%).
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Even though Ballard isn't an oil company, the stock market punished its shares after oil prices plunged on March 6. Between March 6 and March 9, the stock fell 12.6%, along with companies across the energy industry, as Wall Street digested the impact of sharply lower oil prices.
Source Fool.com
