NEW YORK ( TheStreet) -- Shares of China Recycling Energy Corporation (Nasdaq: CREG) have taken a tremendous swing upward. The stock is trading at $2.48 as of four p.m. ET, 22.8% above Friday's closing price of $2.02. Volume is at 48,184, 2.1 times the daily average of 22,500.

China Recycling Energy has a market cap of $84.7 million and is part of the industrial goods sector and industrial industry. Shares are down 33.8% year to date as of the close of trading on Friday.

China Recycling Energy Corporation provides energy saving and recycling products and services in the People's Republic of China. The company engages in the design, sale, installation, lease, and operation of top gas recovery turbine systems (TRT) and other renewable energy products. The company has a P/E ratio of 6.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates China Recycling Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and a generally disappointing performance in the stock itself. You can view the full China Recycling 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.