UPDATE 1-Cleantech Solutions receives $1.7 mln order; shares jump
May 22 (Reuters) - Cleantech Solutions International Inc , which makes metal components for the clean energy industry, said it received a $1.7 million order to supply motor shaft forgings, sending its shares up as much as 61 percent.
Cleantech will supply the units to Nanjing Turbine & Electric Machinery Changfeng Alternative Energy Co Ltd.
The deal will generate the $1.7 million revenue by the end of 2012, the company said in a statement.
Cleantech shares, which have fallen 88 percent in the last year, were up 55 percent at $3.76 on Tuesday on the Nasdaq. The stock, which touched $3.92 earlier, was the top percentage gainer on the exchange.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video