Invest in Cleantech

Invest in Cleantech

Friday, October 21, 2011

Renewable Energy Stock on the Move; Clean Diesel Technologies (NASDAQ: CDTI) up 18%

Renewable Energy Stock on the Move; Clean Diesel Technologies (NASDAQ: CDTI) up 18%

Point Roberts WA-, October 21, 2011 ( renewable energy/green newswire), a leader in renewable energy stock research, releases a trading alert for
Clean Diesel Technologies, Inc. (NasdaqCM: CDTI). The stock is trading up at $3.32, up 0.51 (18.15%) 3:08PM EDT.

On October 11, the stock spiked to $3.94 following a better than expected forecast for third-quarter revenue.

According to the Company, “Preliminary total revenues for the third quarter of 2011 are expected to be in excess of $14.7 million, or up over 34%, as compared to $10.9 million in the third quarter of 2010 and up over 25% as compared to $11.5 million in the second quarter of 2011. Revenue for the quarter for Clean Diesel's Heavy Duty Diesel Systems division ("HDD") is expected to grow in excess of 50% as compared to the same period a year ago, and is expected to be higher than the second quarter of 2011. HDD revenues have benefited from continued strength in sales to the material handling and mining sectors and strong growth in North American retrofit sales and sales in the London Low Emission Zone ("LEZ"). HDD revenue includes approximately $0.3 million of sales from the legacy Clean Diesel business as a result of the Merger. The Catalyst division external sales are expected to be slightly lower than a year ago, but are expected to be higher than the second quarter of 2011 as a result of the recovery of Clean Diesel's Japan-based customer's production volumes in August and September, following the earthquake and ensuing tsunami that occurred in March 2011. Including interdivisional sales of catalyst products, which were eliminated in consolidation, sales for this division are expected to grow in excess of 40% in the third quarter of 2011 when compared to the same quarter in 2010. “

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1 comment:


Green energy stocks are coming into their own.