Hanwha Solarone Co Ltd (NASDAQ:HSOL) Up 17.20%, Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) Up 21.58%

Posted by Chris Bell May 28, 2013 0 Comment 1740 views

Northern, WI 05/28/2013 (GDPInsider) – Hanwha Solarone Co Ltd (NASDAQ:HSOL) opened at 1.69, 0.12 cents above the previous close of 1.57 and quickly started its northward climb. The stock is now trading up 17.20% with a range of 1.64 and 1.98. HSOL has posted strong volume of 2.633 million shares, a 402.27% increase upon average volume of 524,266. HSOL’s technical chart shows a northward slope and this setup as prevailed for much of May 2013. The stock is just 6.14% below its 52-week high of 1.97 and up 140.13% on its 52-week low of 0.77.

The photovoltaic manufacturer recently unveiled a new family of solar modules, showcasing designs from its HSL Series at the SNEC PV Power Expo 2013. HSOL showcased the HSL 72 Poly, HSL 60 Poly, HSL 60 Poly Smart Module, HSL 60 Poly Black Diamond and HSL 72 Poly Anti-salt.

HSOL also announced its impending earnings call slated for May 30, 2013. The stock is up a solid 56.89% on its 50-day simple moving average and 77.24% on its 50-day simple moving average. The stock is overbought with a RSI of 72.58 and is trading above its target price of 1.00.

Is HSOL a solid investment at these levels? Get exclusive data and trends here.

Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) has surged ahead in trading today, up 21.58% on strong volume of 5.757 million. The stock opened at 1.55, 0.16 cents above previous close of 1.39 and trading range is 1.43 and 1.75. Average volume is 81.94K and BLDP is trading 8.26% above its 52-week high of 1.54 and a massive 197.71% above its 52-week low of 0.56.

The strong trading comes on the heels of news that its sponsored webinar titled “Hurricane Sandy and Commercially Tested Fuel Cell Backup Power Solutions,” was well received. The webinar highlighted reliability of fuel cell backup power generators made by BLDP.

BLDP has 98.88 million shares outstanding and Institutions own 12.66% of the stock in the company. EPS this year is expected to rise 46.20% and the stock is currently trading 55.23% above its SMA20 while also trading 62.46% above its SMA50. BLDP has a target price of 1.50 and the stock is overbought with a RSI of 82.91.

How Should Investors Trade BLDP Now? Get exclusive insights and updates here.




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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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