Ballard Power (BLDP) Unit Receives Significant Follow-on Order; Icahn Wins Takeover Battle for Pep Boys (PBY)
Ballard Power Systems Inc. (Nasdaq:BLDP) stock climbed more than 10% in after-hours trading Tuesday as the company said that its subsidiary Protonex received an approximately $2.8 million follow-on order from the U.S. Army for over 400 SPM-622 units – a lightweight portable power management device.
BLDP stock finished the regular session at $1.58, up $0.03 (or +1.94%), and 1,862,102 of it shares exchanged hands during the day, a more than twofold increase in activity versus its average volume (3m) of 711,230
Ballard Power Systems, which engages in the development and commercialization of proton exchange membrane fuel cells worldwide, has 153.44M Shares Outstanding, Market Capitalization (intraday) of $242.43M and BLDP stock 52-week range is from $1.07 to $3.10 per share
Shares of Pep Boys – Manny, Moe & Jack (NYSE:PBY) touched a new one-year high of $19.03 during Tuesday’s trading session, finally closing at $18.94, up $1.53 (or +8.79%).
After the closing bell, global tire giant Bridgestone Corp. (OTCMKTS:BRDCY) said that it will not counter Carl Icahn’s $18.50 per-share-in-cash offer to acquire Pep Boys.
Pep Boys – Manny, Moe & Jack, the nation’s leading automotive aftermarket chain, has 54.14M Shares Outstanding, Market Capitalization (intraday) of $1.03B and PBY stock 52-week range is between $8.00 and $19.03 per share.
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