Ballard Power Systems Inc. (TSX:BLDP) is looking for potential acquisitions. The company is looking for potential acquisitions mostly in Europe, where there are handful of very strong companies. The company's Chief Financial Officer Tony Guglielmin saying: "If we go into the market again to raise more capital, particularly for an M&A opportunity, absolutely the debt markets would be something we would prioritize. "We do have a very active pipeline and we're looking at a number of M&A opportunities," he said, adding that around $150-million (U.S.) of the money raised last year will finance operations before the company reaches cash-flow break-even.