Fuel Systems, A-Power: Alt Energy Early Movers
NEW YORK ( TheStreet) -- Fuel Systems Solutions (FSYS), the maker of natural gas vehicles, was down more than 5% on Friday morning in the pre-market after pricing a secondary offering of two million shares at $30. Fuel Systems Solutions closed on Thursday at $31.60.
Fuel Systems Solutions shares were already down 7% this week after it lowered its full year revenue guidance and said that a secondary offering would coming.
Fuel Systems shares dipped just below the $30 mark during the premarket session on Friday, shedding more than $1.70 from Thursday's $31.60 closing price.
A-Power Energy Generation Systems (FSYS), the Chinese wind and distributed power generation company from China which has seen its shares dive 73% this year, was gaining by 7% in Friday's pre-market after announcing a $32.5 million engineering, procurement and construction contract with Hainan Century Light Investment for a straw-based biomass power plant. While the Chinese alternative energy company was among the biggest gainers on the Nasdaq early, volume on Friday morning in A-Power shares was light, though, with less than 10,000 shares changing hands early.A-Power shares were downgraded by Oppenheimer & Co. this week from a buy to a neutral rating. Chinese solar company Jinko Solar (JKS) announced on Friday morning that it had increased its in-house solar cell and solar module production capacities to approximately 600 megawatts each, ahead of schedule. Jinko says it has secured solar module supply contracts, including downpayments, totaling 546 MW for 2011. Jinko shares were up more than 3% in the pre-market session on Friday, though as in the case of A-Power, volume was light.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV