Electric cars are becoming all the rage. And this time, it's not about Tesla.
Chinese electric vehicle maker Kandi Technologies (KNDI) has been moving ahead with an aggressive plan to bring 5,000 to 10,000 electric vehicles to market in the next year or so.
And Kandi's stock has nearly doubled since June 1. Seems like it's not just Americans who are enamored with the idea of 'plug and drive.'
StockTwits traders sure like what they're hearing.
Kandi has already started work on its first parking and charging station fully dedicated to electric vehicles in Gudang Technology Park. That's the first step in a five-year plan to create a mini public transport hub, which would include up to 100,000 electric vehicle rentals.
If you thought 12% was good, the stock more than doubled that when trading opened and is now up about 22%. Lamonicabuzz, you hit the nail on the head with the Tesla comparison.
Shares of Tesla (TSLA) have surged more than 200% so far this year, and Kandi is catching up.
Fair enough. But if you make electric vehicles, can your stock still overheat? Probably, but it's clear from the strong sales of Tesla's Model S that there is a strong appetite for electric cars.
That's an extra dose of good news for Kandi. The index is designed to offer investors access to companies that offer "unique economic opportunities" in China. Kandi joins the likes of LDK Solar (LDK), JA Solar (JASO ) and China Ming Yang Wind Power (MY).
I'm sensing a clean energy theme here.
Shares of First Solar cooled Wednesday after the solar panel maker said it planned to sell 8.5 million shares in a secondary stock offering.
Secondary offerings are always good news-bad news situations.
First the good news. First Solar's stock has rallied nearly 70% this year, ahead of the offering. Demand for solar panels has been growing. The company swung to a profit in the first quarter.
That creates prime conditions for the company MORECatherine Tymkiw - Jun 12, 2013 10:54 AM ET
SodaStream lost some of its fizz Thursday after PepsiCo debunked rumors that it might buy the soda maker.
Earlier this week, shares of SodaStream (SODA ) rallied on chatter that Coca-Cola might be interested.
If either panned out, it would be somewhat ironic. Earlier this year, SodaStream's Super Bowl ad, which touted its reusable bottle in a diss to Pepsi (PEP) and Coke (KO), never aired.
JPMorgan analyst John Faucher said it was MORECatherine Tymkiw - Jun 6, 2013 11:25 AM ET
Stocks have been on a roller coaster ride over the past couple of weeks. Bond yields are creeping higher. And it looks like that's created the perfect conditions for gold to regain favor with investors.
Gold prices nudged back above $1,400 an ounce for the first time in two weeks Thursday. That may not seem that dramatic, but for an asset that investors had been shunning lately, it may signal more MORECatherine Tymkiw - May 30, 2013 11:41 AM ET
As markets around the globe remain steeped in red, one stock is bucking the trend: Hewlett-Packard (HPQ).
HP is riding the wave of Meg Whitman's turnaround plan. The CEO said she's "encouraged" by the results so far, but cautioned it will take some time.
The company reported earnings late Wednesday that topped notoriously low forecasts and issued an improved profit outlook. So, even though sales are still not quite up to par, MORECatherine Tymkiw - May 23, 2013 11:26 AM ET
Talk about a warm-up.
Investors can't seem to get enough of companies that harness the sun's power. Shares of SolarCity (SCTY) soared to an all-time high of $31.89 on Monday.
The company has only been public for five months and shares have nearly quadrupled from their $8 IPO price back in December.
Related: SolarCity CEO talks the future of solar power
SolarCity, which installs solar panels, is still among the smaller players MORECatherine Tymkiw - May 13, 2013 11:24 AM ET
Alex Ferguson's decision to retire after 26 years as manager of Manchester United (MANU) throws England's most successful soccer club into a rare period of uncertainty.
Winning the richest national soccer league for 13 of the last 21 years has guaranteed a big slice of broadcast revenue, and allowed the club to amass a global following of over 650 million – a loyal and lucrative market for merchandising partners and sponsors MOREMay 8, 2013 12:10 PM ET
No cruise control for Tesla.
Shares of the electric car maker took off Tuesday, racing to a new high above $60 right out of the gate. But by late morning, the enthusiasm had chilled, and the stock was down about 3%.
The supercharged moves come one day before Tesla (TSLA) is set to report its first quarterly profit ever.
And it's all thanks to the all-electric Model S.
The full-size, four-door luxury sports sedan was MORECatherine Tymkiw - May 7, 2013 11:12 AM ET
Tesla is on a roll.
Shares of the electric car maker rallied to a new high Tuesday, just days before the company is set to report its first profit ever.
Tesla (TSLA) offered up a preview of that report earlier this month, saying sales of its all-electric Model S were exceeding expectations.
The Model S is a full-size, four-door luxury sports sedan. While it was unveiled in 2009, it wasn't available until last MORECatherine Tymkiw - Apr 30, 2013 11:12 AM ET
Wall Street has been taking a second look at J.C. Penney in the weeks since controversial CEO Ron Johnson stepped down.
J.C. Penney said Monday that it secured a $1.75 billion loan from Goldman Sachs (GS). The announcement confirms reports late last week that that the retailer was nearing a financing deal with Goldman.
Shares of J.C. Penney (JCP) rose more than 4% Monday. The stock gained 9% last week as investors welcomed MOREBen Rooney - Apr 29, 2013 12:25 PM ET
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