Ballard Edges Closer to Profitability in 2012
Pure play fuel cell companies have had a hard time since early 2000, when it was widely believed fuel cell technologies were inevitably going to rendera the combustion engine useless and solve global warming problems. These companies include Ballard Power (BLDP), Fuel Cell Energy (FCEL), Hydrogenics (HYGS), and Plug Power (PLUG). Today most of these companies have little of their former share value remaining.
United Technologies (UTX) is more diversified company and has been a safer way to profit from a move to fuel cells.
If you are willing to take on additional risk in a pure play fuel cell company, it is important to look at cash, debt, and timeframe to profitability. Ballard Power is worth a look if your investment portfolio includes speculation.
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