Cleantech Solutions International, Inc. (NASDAQ:CLNT), formerly China Wind Systems, Inc., operates in two segments: the forged rolled rings and related products segment, in which it manufactures and sells high-precision forged rolled rings for the wind power and other industries, and the dyeing and finishing equipment segment, in which it manufactures and sells textile dyeing and finishing machines. Through the Company's forged rolled rings and related products division, it supplies precision-forged rolled rings and other forged components to the wind industry. These components are used in wind turbines, which are used to generate wind power.
At a glance, the company appears to be making some real profits. At this point, the average volume of this stock is sky rocketing as the earnings apparently came as a surprise to many shareholder. Lets take a look at the financials below.
Currency in USD.
This stock just started ripping intraday, and is currently up an interesting 73%. Traders and investors expect the stock to go higher, but who knows. All we are doing in bringing it to your attention and showing you the chart which could retrace before possibly going higher because the share structure is so small. Check it out.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.