Advertisement
Canada markets close in 1 hour 51 minutes

  • S&P/TSX

    22,040.60
    +168.64 (+0.77%)
     

  • S&P 500

    5,074.52
    +63.92 (+1.28%)
     

  • DOW

    38,503.26
    +263.28 (+0.69%)
     

  • CAD/USD

    0.7321
    +0.0020 (+0.27%)
     

  • CRUDE OIL

    83.27
    +1.37 (+1.67%)
     

  • Bitcoin CAD

    91,249.84
    +261.85 (+0.29%)
     

  • CMC Crypto 200

    1,436.82
    +22.06 (+1.56%)
     

  • GOLD FUTURES

    2,340.40
    -6.00 (-0.26%)
     

  • RUSSELL 2000

    2,008.18
    +40.71 (+2.07%)
     

  • 10-Yr Bond

    4.5920
    -0.0310 (-0.67%)
     

  • NASDAQ

    15,719.31
    +268.01 (+1.73%)
     

  • VOLATILITY

    15.98
    -0.96 (-5.67%)
     

  • FTSE

    8,044.81
    +20.94 (+0.26%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6835
    -0.0015 (-0.22%)
     
MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Here's Why Cleantech Solutions (CLNT) Stock is Skyrocketing 70% Today

Madeleine Johnson
Updated

On Monday, shares of high precision metal components manufacturer Cleantech Solutions International Inc. CLNT are skyrocketing, up 70% to $5.61 per share in midday trading after it was announced the company would be acquired by YSK1860, an investment holding company.

As of 12:06 PM EST, Cleantech’s market cap hit $7.77 million.

Cleantech Solutions International, Inc. Price and Consensus

Cleantech Solutions International, Inc. Price and Consensus | Cleantech Solutions International, Inc. Quote

YSK1860 announced today that on April 17, 2017, it purchased all shares of Cleantech previously held by the company’s Chairman and CEO, Mr. Jinhua Wu, and his affiliates. YSK1860 acquired 416,249 shares for about $970,000, or $2.33 per share.

ADVERTISEMENT

Mr. Wu will keep his position as Chairman and CEO of Cleantech going forward. "The decision to sell these shares was personal, and I am pleased to have found an investor with the patience, vision and expertise to support Cleantech Solutions now and in the future. I look forward to staying on as CEO as we work on improving existing operations and exploring other areas with growth potential,” commented Mr. Wu on the deal.

YSK1860 has investments in different countries that cover a wide range of sectors, including traditional construction, real estate, trading, the environment, and the Internet.

Zacks' 2017 IPO Watch List

Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Could you imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.

One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research