In 2006, I wrote a few blog entries about
Ballard Power Systems Inc. (USA) (NASDAQ:
BLDP), the leading manufacturer of zero-emission proton exchange membrane fuel cells. Basically, Ballard makes fuel cells that use hydrogen to power cars and machines without polluting our atmosphere.
At the time of
my first blog entry in April 2006, the stock was nearing $8, and in August 2006, it was at $5.88. Now Ballard has sunk even lower, and currently trades in the $5.68 range. But if you could stomach the risk of Ballard back then -- and it is an above-risk pick for sure -- don't give up on it yet.
As I mentioned in my April blog, this is a stock to buy and hang onto for many years. It makes one of the best fuel cells out there, and more and more people are growing conscious of the need to reduce carbon emissions, which means looking to new means of powering vehicles. However, it takes years before the mainstream public adopts new technologies, and fuel-cell powered vehicles are not going to be the norm for decades.
MOST NOTEWORTHY: Ballard Power Systems Inc (BLDP), GSI Technology, Inc (GSIT), eTelecare Global Solutions (ETEL) and JA Solar Holdings Co, Ltd (JASO) were the most noteworthy initiations in today's modest-sized list: 
Tesla Roadster sets a record -- travels 313 miles on a single charge
Cramer on BloggingStocks: China's industrial focus helps lots of U.S. names 
Why do we have a weak dollar?
