BEIJING ( TheStreet) -- The past 12 months have been very volatile for China battery makers including Advanced Battery Technologies (ABAT), Hong Kong High Power (HPJ - Get Report), New Energy Systems (NEWN.OB), China Ritar (CRTP) and China Bak Battery (CBAK). After six months of sitting on the sidelines and doing plenty of analysis, I recently bought back into New Energy Systems and view it as a stock with the potential to double.I have owned shares of New Energy Systems off and on for about a year. I have a very favorable view of management, the company and the industry. I have also met with members of management, including the new chairman, on several occasions and toured its Shenzhen manufacturing facility.
China New Energy a Buy, Ignore the Math
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