September 13, 2017 / 5:06 PM / a month ago

BUZZ-Ballard Power Systems: Hits 3-yr high on new technology for fuel cell

** U.S.-listed shares of Canadian clean-tech company up 19.7 pct at $4.44 after hitting more than 3-year high

** Canadian shares up 19 pct

** Says developing a non-precious metal catalyst fuel cell

** New cell, based on carbon alloy material, reduces usage of platinum by 80 pct (bit.ly/2wUU97S)

** Precious metal typically contributes about 10-15 pct of total costs in making a fuel cell stack, co says

** Co plans to commercially launch a 30-watt FCgen-1040 fuel cell stack using the new technology

** Up to Tuesday’s close, stock had more than doubled this year

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