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Ballard Power Systems (TSX:BLDP) is a stock trading under $5. Many know this stock as a company researching hydrogen fuel cell technology that can make trucks and buses run on water. Hydrogen vehicles are still a futuristic technology that needs funding support from the government as it is not yet economically feasible. Ballard Power System is getting financial support from the United States, Europe, and China through tax credits and government investments.
How Ballard Power Systems plans to make hydrogen fuel cell feasible
The biggest problem electric cars faced in the early 2010s was charging/re-fueling infrastructure; hydrogen fuel cell technology is facing a similar problem today. It is expensive to deploy hydrogen infrastructure across the nation. Hence, Ballard Power Systems focuses on commercial vehicles like buses, trucks, forklifts, and marines that assemble at the depot for regular maintenance…
