Renewable Energy Stocks Trading Alert; Ballard Power Systems (BLDP) Soars on Volkswagen Deal
Point Roberts WA –March 6, 2013 Investorideas.com staff :( www.investorideas.com renewable energy stocks newswire,) Investorideas.com, an investor research portal specializing in sector research for independent investors issues a trading alert for Ballard Power Systems Inc. (NasdaqGM :BLDP), (TSX:BLD), trading at $1.21, gaining 0.3750 or 44.91% as of 1:01PM EST over 800,000 shares.
This morning the company reported signing an agreement with Volkswagen Group (www.volkswagenag.com) for a major Engineering Services contract to advance development of fuel cells for use in powering demonstration cars in Volkswagen's fuel cell automotive research program. The contract term is for 4-years, with an option for a 2-year extension. The expected contract value is in the range of C$60-100 million.
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