This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Fuel Systems, A-Power: Alt Energy Early Movers

Stocks in this article: APWRJKSFSYS

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.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,341.70 +146.28 0.85%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,617.3830 +51.2450 1.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs