SOURCE: The Bedford Report

The Bedford Report

May 04, 2011 08:16 ET

Alternative Energy Push Drives Capstone Turbine and Ballard Power Higher

The Bedford Report Provides Analyst Research on Capstone Turbine & Ballard Power

NEW YORK, NY--(Marketwire - May 4, 2011) - As surging oil prices begin to damped the strength of the global economic recovery, investors are hopeful that the fuel cell sector will get a boost from a stronger push for alternative sources of energy. Fuel cells can be used for vehicles, heating and cooling systems and backup power for cell phone towers. On the downside, fuel cells have been accused of being expensive, leading competitors to argue that microturbines hold a brighter future. The Bedford Report examines the outlook for companies in the Industrial Electrical Equipment Industry and provides research reports on Capstone Turbine Corporation (NASDAQ: CPST) and Ballard Power Systems, Inc. (NASDAQ: BLDP). Access to the full company reports can be found at:

Fuel cells convert the stored energy in fuels like natural gas or hydrogen gas into electricity without combustion. They are somewhat similar to batteries, although fuel must be fed continuously to them. Microturbines are small power generation systems using a gas turbine engine, based on related turbines used in transportation. Both fuel cells and microturbines can operate on a variety of fuels, including natural gas and renewable fuels such as landfill gas.

Capstone Turbines argues that fuel cells are expensive, and require significantly higher government incentive levels to stimulate customer investment than Capstone's microturbines.

The Bedford Report releases regular market updates on the Industrial Electrical Equipment Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Earlier this week, Burnaby-based fuel cell developer Ballard Power Systems, posted a fiscal first quarter net loss of 10.2 million, compared to loss of $6.6 million in the year ago period. The company said the net loss reflects a $3.3 million gain on the sale of assets in relation to the land portion of the March 2010 sale and leaseback of Ballard's corporate headquarters building. Revenues surged 29 percent year-on-year reflecting strong growth of 40% in fuel cell products.

Earlier this year Ballard entered into a contract for the supply of fuel cell power modules to power five zero-emission hydrogen fuel cell buses operated by the HyNor Oslo Buss group, to service the greater Oslo, Norway area.

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