UPDATE 1-Ballard stock jumps on 2007 prospects

Newswire

(Recasts, updates stock, adds analyst comments. In U.S. dollars) TORONTO, Feb 22 (Reuters) - Shares of Ballard Power Systems spiked for a second session on Thursday after the company reported an anticipated steeper fourth-quarter loss, but said it has sufficient cash reserves to maintain its 2007 growth strategy. Ballard stock was up 59 Canadian cents, or 8.2 percent, at C$7.78 at midday on the Toronto Stock Exchange, its highest point since Dec. 6, 2006. The shares have gained 16 ...

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