Many of our members are making huge gains on this stock since our first alert!
Shares of Clean Diesel Technologies (NASDAQ: CDTI) spiked more than 12% in today’s morning session, adding to gains of 59% in yesterday’s trading after Roth Capital Research began coverage on the company’s shares with a Buy rating. Roth Capital analysts said that prospects of improving conditions in the diesel retrofit business would lead to an increase in revenue.
Clean Diesel shares were also boosted by the announcement made by Chesapeake Energy (NYSE: CHK) late on Monday that it will invest $1 billion in the development of technology and infrastructure required for the widespread adoption of natural gas powdered vehicles. The announcement sent shares of clean tech companies, including Clean Diesel, higher.
Last week Clean Diesel announced the completion of its previously announced public offering of 3,133,750 shares of its common stock. The company’s net proceeds from the offering were approximately $10.1 million.
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