Our New Pick is: CLNT
Current Price: $1.00
Time is of the essence.
Seriously don't delay, because it may result in a huge loss of profit.
Act immediately, and get CLNT (Cleantech Solutions International, Inc.) up on your trading screen.
CLNT is currently settled at the bottom of its 52-week price channel and with huge developments on the forefront, we see nothing but upside here on out!
More specifically, the company is trading just +11.11% above its 52-week low of $0.90 per share.
It doesn't get much better than CLNT's technical setup.
We will elaborate on that later.
About the Company:
CLNT is a manufacturer of high precision metal components and assemblies. The company supplies fabricated products and machining services to a range of customers. Many of these customers supply clean technology equipment such as wind turbines or require increasingly energy efficient equipment for their own manufacturing processes such as dyeing and finishing machines. CLNT’s success has been built upon:
For their dyeing and finishing equipment customers in the textile industry, they design, manufacture and distribute a line of proprietary high and low temperature dyeing and finishing machinery. CLNT's products feature a high degree of both automation and mechanical-electrical integration. These products are widely used in dyeing yarns such as pure cotton, cotton-polyester, terylene, polyester wool, poly-acrylic fiber, nylon, cotton ramie, and wool yarn. The company's latest airflow dyeing units use air instead of water, enabling customers to meet stricter environmental standards, reduce their input costs, and produce textiles with fewer wrinkles and less fabric damage.
For CLNT's wind power and customers in other industries, they manufacture and supply rolled rings and other related components. The company uses the latest axial close-die forging technology to manufacture rotary precision forgings, using forging equipment which we manufactured for our own use. The axial close-die forging technology reduces the use of raw materials by as much as 35%, provides a high precision and surface flatness, reduces the cutting output, has excellent mechanical strength and high flexibility, and is a fully automatic operation.
For the petroleum and chemical industries, CLNT produces a variety of heat exchangers, separators, tanks, towers, cryogenic equipment, and other products.
CLNT believes top-quality is a must. Their impeccable reputation for delivering flawless precision components and assemblies is a result of our rigorous internal quality control process which exceeds even the most stringent quality requirements of our customers. It's leading technology and high-quality manufacturing facility enables CLNT to deliver superior quality, high performance forged products and industrial machinery and components.
At CLNT, the company has over fifteen years of management, engineering and technical experience in supplying components and building large-scale complex metal assemblies/systems to meet the most demanding customer requirements.
CLNT operates through two segments, Forged Rolled Rings and Related Components; and Dyeing and Finishing Equipment. The Forged Rolled Rings and Related Components segment offers precision forged rolled rings, shafts, flanges, and other forged components for the wind power and other industries. This segment sells its products to the manufacturers of industrial equipment. The Dyeing and Finishing Equipment segment designs, manufactures, and distributes various dyeing and finishing machinery, which are used in dyeing yarns, such as pure cotton, cotton-polyester, terylene, polyester wool, poly-acrylic fiber, nylon, cotton ramie, and wool yarn.
The company was formerly known as China Wind Systems, Inc. and changed its name to Cleantech Solutions International, Inc. in June 2011.
CLNT is based in Wuxi, the People’s Republic of China.
On June 16, 2016, CLNT announced that its variable interest entity, Wuxi Huayang Dyeing Machinery Co., Ltd. ("Huayang Dyeing"), entered into an agreement to purchase patent technology from Chengdu Textile College.
Under the terms of the agreement, Huayang Dyeing will make a RMB16.0 million (US$2.5 million) one-time payment to Chengdu Textile College for a utility model patent covering ozone-ultrasonic textile dyeing equipment. Patent No. 201520850086.7 was issued on April 20, 2016 by China's State Intellectual Property Office and is valid for ten years from the date of issuance.
"We are focused on reinvigorating our dyeing equipment business and investing in R&D to improve our competitive position. We believe this new patent technology will allow us to develop next generation dyeing and finishing equipment that will appeal to textile manufacturers in China as well as Southeastern Asia, particularly Vietnam and Bangladesh," said Mr. Jianhua Wu, Chairman and CEO of Cleantech Solutions.
On June 23, 2016, CLNT announced that it accepted a RMB 26.6 Million purchase order for its high temperature air-flow dyeing machines from a textile manufacturer based in Hangzhou, China.
Pursuant to the purchase order, Huayang Dyeing will provide the customer 42 units of its high temperature air-flow dyeing machines. Huayang Dyeing will receive RMB16.0 million ($2.4 million) upon initial delivery, and will receive the remaining RMB10.6 million ($1.6 million) in 21 monthly installments of RMB0.5 million ($76,000) following successful installation and testing of the initial units. The Company expects to begin delivering the equipment in November 2016.
"We remain focused on our dyeing equipment business and are encouraged by this sizable order from a long-term customer for our energy efficiency and environmentally friendly high temperature airflow dyeing machines. We hope to build upon this success in the future," said Mr. Jianhua Wu, Chairman and CEO of Cleantech Solutions.
CLNT hit a new 52-week low of $0.90 per share on June 22, 2016.
The company has since moved higher, closing yesterday's session flat at $1.00 per share.
CLNT has a tiny float listed at just 2.97M.
To make matters even sweeter, CLNT is currently down 67.32% from its 52-week high of $3.06 per share.
A move back to CLNT's 52-week high price would represent gains of over +206%.
With rock solid support established at these levels, we feel confident that shares of CLNT will be trading over a $2.00 per share in the near future!
Although the company is listed on the NASDAQ stock exchange, CLNT can move just as fast as any penny stock we've covered.
With a float that tight, even the slightest burst in volume could send shares soaring!
If you enjoyed our recent +59.02% tiny float, NYSE-listed winner, then you are going to love the profitable action that CLNT shows us today.
The action has already started by now, so get CLNT on your trading screen immediately!
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
To learn more about CLNT, please visit their website(s): www.CleanTechSolutionsInternational.com