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The coming year will be big for hydrogen-based technologies and bring with it plenty of good news for shares of Ballard Power Systems, a Raymond James analyst predicts.
In a Monday report, analyst Michael Glen described 2021 as a “watershed moment in the history of the hydrogen economy.” He expects an accelerating number of hydrogen-related announcements by companies and countries regarding hydrogen technology and its ability to wean the world off fuels that generate carbon dioxide. .
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Buy Ballard Stock Because 2021 Could Be Big For Hydrogen Technologies
The coming year will be big for hydrogen-based technologies and bring with it plenty of good news for shares of Ballard Power Systems, a Raymond James analyst predicts.
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Shares of fuel-cell technology company Plug Power are racing higher after Wall Street gave the stock another boost Tuesday. Wall Street, however, isn’t the big reason shares are higher. That’s due to another partnership Plug announced with a global vehicle maker.
Tuesday, Plug (ticker: PLUG) signed a memorandum of understanding with Renault (RNO.France). The pair plan to form a joint venture to develop hydrogen-fuel-cell-powered light commercial vehicles.
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Plug Power Stock Gains 14% as Hydrogen-Powered Vehicles Gain Momentum
Shares of fuel-cell technology company Plug Power are racing higher after Wall Street gave the stock another boost Tuesday.