Ballard Power Systems Inc BLDP shares closed higher by 8.81% to $8.03 Wednesday afternoon. Clean energy stocks at large may be gaining following the recent signing of the Inflation Reduction Act, which includes funding to address climate change and promote clean energy.
The White House Office of Management and Budget (OMB) on Tuesday released its first published analysis of avoided climate-related social costs resulting from a piece of legislation.
The legislation analyzed was President Joe Biden’s $740 billion Inflation Reduction Act. The study found climate change will affect the U.S government ledger through the end of the century (2100) with long-range budget estimates showing that Federal revenues could be 7.1% lower annually, which translated to a nearly $2 trillion dollar loss… Read More
According to data from Benzinga Pro, Ballard Power Systems has a 52-week high of $19.66 and a 52-week low of $5.75.
Image and article originally from www.benzinga.com. Read the original article here.