Cleantech's Q2 net income doubles, shares jump


Cleantech Solutions (CLNT +11.5%) soars after reporting Q2 results.

Net income doubles Y/Y to $2.3M or $0.79/ share.

Revenue of $17.2M is up 34.1% from Q2 2012.

FY13 guidance for revenue and net income are affirmed at $60-62M and $8-8.5M respectively.

CEO Jianhua Wu expresses confidence regarding H2 but remains "concerned" about credit conditions in China and sees "near-term challenges" for the company's wind and solar customers. (PR)

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