Home / Street Sector / Short Call at News Buzzer- Ecopetrol SA (NYSE:EC), Ballard Power Systems Inc. (NASDAQ:BLDP)

Short Call at News Buzzer- Ecopetrol SA (NYSE:EC), Ballard Power Systems Inc. (NASDAQ:BLDP)

Shares of Ecopetrol SA (NYSE:EC) [Trend Analysis] swings enthusiastically in regular trading session, it an raise of 1.27% to close at $8.76. ECOPETROL S.A. (NYSE:EC) reported that it informs that it has updated its business plan for the period 2017-2020. This plan seeks to generate value, profitability and sustainability, and prepares the Group to capture the benefits derived from a potential raise in prices. The plan is based on an average price scenario of $50 USD/bl. The business plan continues to be based upon the main three pillars of the Firm’s Corporate Strategy released in May 2015, i) cash flow focus supported on savings and efficiencies, ii) capital discipline and iii) profitable growth in Upstream.

Cash Flow Focus: As a result of lower oil prices, Ecopetrol has deinked strategies aimed at strengthening its cash generation. Consequently, in May 2015, Ecopetrol released its Transformation Program which, as of recently, has exceeded its proposed efficiency and savings goals. Moving forward to saw long-term intention, the experts calculate Return on Investment of 0.90%. The stock is going forward its fifty-two week low with 69.77% and lagging behind from its 52-week high price with -18.59%. EC last month stock price volatility remained 3.29%.

Ballard Power Systems Inc. (NASDAQ:BLDP) [Trend Analysis] knocking active thrust in leading trading session, shares an raise of 4.74% to 2.21 with about 1.06 Million shares have changed hands in this session. Ballard Power Systems (NASDAQ:BLDP) revealed that commissioning and deployment of an initial 12 fuel cell-powered buses in the District of Sanshui, in the City of Foshan, in the Province of Guangdong, China. The buses will be operated by Foshan Sanshui Guohong Public Transit Co. Ltd., on demonstration route #682 from Gaofeng Park Station to Shuidu Industrial Park Station.

The buses are 11 meters in length and feature advanced safety systems, 80 person capacity, anticipated driving range in excess of 300 kilometers, predictable hydrogen gas consumption of less than 6.5 kilograms per 100 kilometers, zero tailpipe emissions and remote monitoring. Unlike many battery electric bus routes, the transit route in Foshan will not require any catenary wires or on-route recharging. The stock is going forward its fifty-two week low with 99.10% and lagging behind from its 52-week high price with -7.14%.

Same, the positive performance for the quarter recorded as 70.00% and for the year was 79.67%, while the YTD performance remained at 41.67%. BLDP has Average True Range for 14 days of 0.11.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

Check Also

Recommended Momentum ‘How’ and ‘Why’: PPG Industries (NYSE:PPG), Allergan (NYSE:AGN)

PPG Industries, Inc. (NYSE:PPG) [Trend Analysis] try to make new thrust in street and making different …

Leave a Reply

Your email address will not be published. Required fields are marked *