NEW YORK ( TheStreet) -- Shares of Sino Clean Energy (Nasdaq: SCEI) have taken a tremendous swing upward. The stock is trading at $2.98 as of 11:22 a.m. ET, 20.6% above Thursday's closing price of $2.47. Volume is at 1.4 million, 7.8 times the daily average of 185,500. Sino Clean Energy has a market cap of $65.9 million and is part of the basic materials sector and chemicals industry. Shares are down 62.6% year to date as of the close of trading on Thursday. 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 one, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17. TheStreet Ratings rates Sino Clean Energy as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster 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 SOAR to 95370 or select from multiple alert options.