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Why Shares of Ballard Power Systems Took a 21% Nosedive in May

Why Shares of Ballard Power Systems Took a 21% Nosedive in May

Falling more than 10% in April, shares of Ballard Power Systems (NASDAQ: BLDP) extended their decline last month and plunged 21%, according to data provided by S&P Global Market Intelligence. What zapped investors of their enthusiasm? Investors weren't pleased with the report; shares plunged 20% the following day.