Advanced Battery Technologies (ABAT) needs some good news. The stock has been punished in recent months on accounting concerns. Today it got some when the company announced intraday that it received a $14.7 million order on June 1st for 24,000 electric bikes and scooters from Wuxi Hao Jie Vehicle. The vehicles will be delivered over the course of the next year. The contract represents about half of a quarters revenue, so significant but not a … Read the rest
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Green Stocks Insider Action: ABAT CEO Buys Million Shares, FSLR CFO Dumping
Advanced Battery (ABAT) has seen strong technical action in recent days rising above the 200 day moving average. No doubt all the buying from the CEO has something to do with it. Is big news around the corner? CEO Fu Zhiquo purchased 1,000,000 shares on May 4th at $2.65/share. With shares currently nearly 3.50, not a bad return in a few days! So the company reports earnings on May 11th and the CEO buys $2.5 … Read the rest