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NEW YORK (TheStreet) -- Shares of Wabash National (WNC) were climbing 7.33% to $14.65 on heavy trading volume late Wednesday morning after the company was selected to join the S&P SmallCap 600 late yesterday.

The company will replace EnerSys (ENS) in the S&P SmallCap 600 after the close of trading on Thursday.

EnerSys is replacing DreamWorks Animation SKG (DWA) in the S&P MidCap 400 following the completion of Comcast's (CMCSA) acquisition of the animation studio. 

Wadbash is a Lafayette, IN-based designer and manufacturer of truck and tank trailers, intermodal equipment and transportation related products.

About 2.08 million of the company's shares traded so far today vs. its average 30-day volume of 955,788 shares per day.

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TheStreet Recommends

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: WNC

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