How Investors Should View Honda’s Fuel Cell Car (HMC, F, TM, BLDP, ZAAP)
Ballard Power (NASDAQ:BLDP) was long thought of as the fuel cell stock play, and this has been a watch stock on our alternative energy sector tag on the 24/7 Wall St. site. In fact, I have been covering that stock on and off since 1996 or 1997 when this was just a future technology. But now Ballard has sold off its automotive fuel cell business to Ford and to Daimler AG (NYSE:DAI) in return for its stakes held by both companies.
Now Ballard will only focus on fuel cells for the industrial sector usage. It will still develop the bus market, but the future of Ballard in the consumer auto markets will be that of a manufacturing one without the intellectual property. The market gave this one a quick thumbs up vote, but shares have come right back down.