Sino Clean Energy Stock Soars (SCEI) - TheStreet



) -- Shares of

Sino Clean Energy



) have taken a tremendous swing upward. The stock is trading at $2.83 as of 3:55 p.m. ET, 20.4% above Wednesday's closing price of $2.35. Volume is at 1.5 million, 5.2 times the daily average of 300,400.

Sino Clean Energy has a market cap of $32.7 million and is part of the

basic materials

sector and


industry. Shares are up 135% year to date as of the close of trading on Wednesday.

Sino Clean Energy Inc., through its subsidiaries, operates as a third party commercial producer and distributor of coal-water slurry fuel (CWSF) in the People's Republic of China. The company has a P/E ratio of 1.2, above the average chemicals industry P/E ratio of 0.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sino Clean Energy as a


. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Sino Clean Energy Ratings Report


See our

top % gaining stocks list

for other stocks that are soaring today, or get investment ideas from our

investment research center


Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting


to 95370 or select from

multiple alert options