New
York, NY - May 22, 2012 (InvestorIdeas.com Newswire) Investorideas.com,
a leader in sector research including China and renewable stocks,
reports on news and trading for Cleantech Solutions International, Inc. (NASDAQ:CLNT). The stock is trading up at $3.68 1.25, up (51.44%) 11:05AM EDT on over 800, 000 shares.
The
Company reported news today it has received purchase orders to supply
motor shaft forgings to Nanjing Turbine & Electric Machinery
Changfeng Alternative Energy Co., Ltd ("Nanjing Turbine") for an
aggregate amount of $1.7 million.
The
purchase orders provide that Cleantech Solutions will deliver a total
of 800 units of motor shaft forgings, amounting to total revenue of
RMB10.6 million (approximately $1.7 million) by the end of 2012. The
Company has received advance payments of RMB1.6 million (approximately
$0.3 million).
Investors
following this stock have had a wild ride with massive swings to the
upside followed by big runs down. Watching the sector, investors are
seeing China stocks halted, China stocks going private and many
struggling to keep the $1.00 NASDAQ pricing. For the brave of heart
there are still big gains to be made as today’s rise on CLNT makes it
the top gainer on NASDAQ as of the time of this report.
Cleantech
Solutions International, Inc. manufactures and sells metal components
and assemblies primarily used in clean technology industries in China
and internationally.
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