Congrats to any of our readers that were able to take advantage of that timely alert.
Cleantech Transit, Inc. CLNO
CLNO has been a stellar gainer for us lately. We wanted to highlight the news out this morning, which alludes to the acquisition of three companies that have worked with CLNO in the past, and will now fall under the Cleantech umbrella.
While the stock continues to rise, we want to attach the same word of caution we issued on Friday: CLNO has been in a consistent uptrend for quite some time now. Like any monumental gainer, we always want to pay special attention, remaining open to further gains, all the while staying cognizant of the fact that a pullback could happen at any time. Trading with tight stops on plays such as this is highly recommended.
LAS VEGAS, NV – 07/01/2013 – In its ongoing efforts to advance its strategy of developing significant market share in the alternative clean energy sector, environmental commodities, and environmental finance, CleanTech Transit, Inc. (CLNO) today announced that it has entered into an agreement to acquire Shamrock S Tree Products, LLC, Shamrock S Pollination, Inc., and Shamrock S Trucking, Inc.. (the “Shamrock Group”). The Shamrock Group has worked with Cleantech’s Discovery Carbon subsidiary for the past 2 years as a key affiliate.
It’s worth mentioning that despite recent gains of epic proportions, CLNO is still receiving a “100% Buy” Rating at BARCHART.COM.
Side Note:
At least one of the plays from the solar sector watchlist we highlighted on Thursday appears ready to start the week on a high note.
Specifically, CSIQ appears to be gapping up nicely. We’ve been talking about CSIQ since May 21st. Since that time, we’ve seen a low of 7.09. This morning the stock is trading pre-market at 11.71. That’s an increase of 65%
Extended Watchlist:
WAVX, INO, MUX, ZBB (Coming off of recent lows)