I am new into this stock, having just got in last week after I read the earnings. I don't understand why this thing didn't budge much with such a great report. So weird. I was into PLUG and the others, and they have floats in excess of 100M and nowhere near the revenue that HPJ has. And this company is even making money too. And on top of that....the CEO is saying that they expect about 3-4 M in EBITA and even higher revenues. This is like a no brainer must have stock. But my question is why isn't it moving?? It looks set for some explosive upward movement but nothing from this report. This goes against what I would be expecting. I know the thing has climbed nicely in the month preceeding but still. Could it be that the MM just want to suck up more shares?
This company and it's stock very unknown in U.S. where it trades. Chinese company, no analyst coverage yet but about to change. TJ Fisher- ex VP of Energizer Holdings and current CEO of Valence Technology- a competitor in the automotive battery space to Tesla- is now on the HPJ board. I met these guys at CES in Vegas. They make a great product first of all, that's why Fisher got involved- they made the batteries under private label for Energizer and he really liked them. Pan and Sun really smart and hard working guys- I think they will be very successful long term
I kind of figured that they are not too known at all. But when I found this company only having a float of 12 -13 M shares...and making a profit....I said WOW...I don't see very many like that. And with the attention on batteries for electric vehicles heating up.....I think that any day this stock can jump a couple of dollars.....But hoping that the MM don't artificially push this down.