Cleantech Solutions International, Inc., through its subsidiaries, manufactures and sells textile dyeing and finishing machines in the People's Republic of China. It designs, manufactures, and distributes various dyeing and finishing machinery, which are used in dyeing yarns, such as pure cotton, cotton-polyester, terylene, polyester wool, poly-acrylic fiber, nylon, cotton ramie, and wool yarn. The company's products include airflow dyeing machines, after-treatment drying and compacting machines, and garment washing machines. It sells its products directly to various textile producers. The company was formerly known as China Wind Systems, Inc. and changed its name to Cleantech Solutions International, Inc. in June 2011. Cleantech Solutions International, Inc. is based in Wuxi, the People's Republic of China.
Cleantech Solutions International Inc CLNT 99.4% shares are trading higher by $3.75 (108 percent) at $7.07 in Monday's session. Investors have turned extremely bullish on the company after it was announced it has an exclusivity agreement for the potential takeover of Inspirit Studio. After a much higher open, Cleantech had only an 8-cent retreat to $5.70 before continuing its move higher. So far, the ensuing rally took the stock to $8.25, but has fallen back to the $7.00 area. That marks the highest level for the stock since it had a spike to $10.70 in the midst of two-day rally that emanated from $2.82. The rally is taking place on monster volume as nearly 14 million shares have traded with just over three hours remaining in the session, compared to its 20-day average of 696,000.
