Ballard Wrecks (BLDP)

Posted in pre-market 
October 27th, 2009

Ballard Power Systems Inc. (NASDAQ: BLDP) is one of the original alternative energy cult stocks.  Now the company is just an ex-cult stock and its revenues were down year over year to $9 million.  The net loss was in-line with -$0.14 and the net loss outside of items was -$0.09 EPS, a smaller loss than a year ago.  Ballard now sees its fiscal year revenues at the lower-end of a roughly $50 million target.  We have only seen 3,900 shares trade hands, but this is one the largest percentage losers with a drop of 8.3% at $2.32.  Shares closed at $2.53 yesterday and the 52-week range is $0.85 to $4.75.  Average daily trading volume is only 380,000 shares now.  -JON OGG

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