Dallas, TX 11/18/2009 2:09:19 AM
News / Business

Top Industrial Goods Stocks - AONE, HEAT, HPJ

Industrial Goods Stocks

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A123 Systems, Inc. (NASDAQ:AONE) is amongst the top gainer in the early morning trade and soared 2.72% to $15.46 on a massive volume of 2.31 million shares it was rated new Neutral at Goldman. $14 price target. The stock has a 52-week range of $14.31-$28.20. A123 Systems, Inc. designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems.

 

SmartHeat Inc (NASDAQ:HEAT) is amongst the top gainers in the early few minutes. The stock has spurted 5.82% and is trading at $11.63 with a huge volume of 611K shares. The stock has a 52-week range of $2.25-$12.79. The company announced record financial results for the third quarter ended September 30, 2009. SmartHeat's products significantly reduce heat energy costs, increase energy efficiency and reduce air pollution. Revenues increased 83% to $37.8 million from $20.7 million in 3Q08. Net income increased 105% to $8.9 million from $4.3 million in 3Q08. Earnings Per Share increased 98% to $0.36 from $0.18 in 3Q08. The company also affirms 2009 earnings guidance of $80 million in revenue and $15.5 million in net income. It  successfully completed $75 million financing.

 

Hong Kong Highpower Technology, Inc. (AMEX:HPJ) climbed up 3.76% over its previous day’s price and now trades at $4.85 on a huge volume of 486K shares. The stock today also touched a new 52 week high at $5.15. Hong Kong Highpower Technology, Inc. operates through its wholly owned subsidiary Hong Kong Highpower Technology Company Limited (HKHT) and its wholly owned subsidiaries Shenzhen Highpower Technology Co., Ltd. (Shenzhen Highpower), HZ Highpower Technology Co., Ltd. (HZ Highpower) and Springpower Technology (Shenzhen) Company Limited (formerly Sure Power Technology (Springpower).


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