Excerpt from article on Ballard ..."
Ballard Power stock has indeed risen to the stratosphere this year. But the fuel cell industry has just begun to take off. Ballard has only scratched the surface. If this makes you think you’ve missed the boat, think again. Remember the expected growth rates of the fuel cell industry. Keep in mind that Ballard Power has a leading position here. Furthermore, remember that the applications for the fuel cell are numerous: from buses to trains to marine vehicles, and then from passenger cars to airplanes. The list is as numerous as the types of vehicles out there. Countries are getting on board. They’re investing heavily in this initiative. Auto companies are also investing in the fuel cell. They’re looking for electric vehicles with zero emissions. They know that regulations to limit carbon pollution are accelerating. And they really have no choice but to explore alternatives. They’re increasingly interested in and investing in fuel cells.
Motley Fool: The bottom line
Ballard Power Systems stock has been a clear winner in 2020. It’s a stock that I recommended a few years ago. I also recommended it last year as my millionaire-maker stock. If you missed out, don’t worry. The growth runway for Ballard and fuel cell stocks is long, and it’s strong. Ballard Power stock has many more vehicles to conquer. In my view, the stock price will continue to soar over the long term.