Last week Highpower International Inc. (HPJ) jumped over 48% to close at $2.58/share on a big spike-up in volume. Highpower is a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium-ion rechargeable batteries based in Shenzhen, China. Despite a washout in the stock in 2010, the company is poised to be profitable for full year 2013. With lithium-ion battery sales booming, a new automated manufacturing facility coming online this year in Huizhou, and lower income tax rates at its Springpower subsidiary, the outlook for 2014 is extremely bright. As a result of these catalysts the stock could easily double in 2014 with a much higher upside possible.
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