Shares of New Energy Systems (NEWN), a China lithium battery play, got a nice pop today on news the company has raised guidance roughly 10% which they feel is still conservative.  Here’s how it breaks down.

2010 revenue guidance raised from $88 million to $95 million
2010 adjusted net income raised from $15.6 million to $18 million
2010 adjusted EPS raised from $1.23 to $1.40.

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