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EnigmaDude (58.65)

Is Clean Diesel Technology here to stay?



May 26, 2011 – Comments (8) | RELATED TICKERS: CDTI

About a month ago I stumbled upon a stock that was showing some price momentum so I added it to my watch list.  The company, Clean Diesel Technologies, Inc. made a big move today, up more than 90% from yesterday's close, on news that its Heavy Duty Diesel Systems division has received nearly $2.0 million in orders for its verified (approved) emission reduction products.  Acording to CEO Charles Call,  "The orders that we have been anticipating to meet California's aggressive on-road diesel emissions standards have started to flow. This first wave is preliminary but it is the signal we have been waiting for. Ultimately, we believe that well over 100,000 trucks will have to comply with the regulations, largely between 2012 and 2014.'

This is in addition to news from about a week ago when the company announced an agreement with Tanaka Kikinzoku Kogyo Kabushiki Kaisha ("TKK"), Clean Diesel's joint venture partner in Asia Pacific, to provide catalyst engineering and support services to advance the deployment of Mixed Phase Catalyst (MPC®) emission control technology in China.

The stock is extremely volatile and has traded in a 52-week range of $0.65 to $44+ and with a market cap of less than $30M this is a highly speculative stock.  But it sure seems that it has lots of upside from here.

Does anyone have any expertise in this area?  I'm seriously considering jumping in with real money on this one.

8 Comments – Post Your Own

#1) On May 26, 2011 at 12:56 PM, chk999 (99.96) wrote:

This one has been a heart breaker for years. Be very careful.

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#2) On May 26, 2011 at 3:39 PM, buffalonate (50.23) wrote:

It sounds interesting but I wouldn't put too much money into that one.  More of a speculative play.  You should check out Clean Energy Fuels.  It is a company that builds and supplies natural gas fueling stations.  Natural gas is the transportation fuel of the future and this company is the best stock I have found to play that transition.  It has been growing revenues really quickly the last year or so and expects that to continue. 

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#3) On May 26, 2011 at 4:23 PM, EnigmaDude (58.65) wrote:

Thanks chk999.  I'll probably just watch it go up in CAPS for a while and close my pick (hopefully) before it crashes.  Just seems like the potential is there based on new regs in California and the need in China for reduced truck emissions for this one to really take off.

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#4) On May 27, 2011 at 9:50 AM, EnigmaDude (58.65) wrote:

its up big again today - more than 35% up from yesterday's close.

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#5) On May 27, 2011 at 8:40 PM, ChrisGraley (28.54) wrote:

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#6) On June 01, 2011 at 1:48 PM, chk999 (99.96) wrote:

Down 13% today.

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#7) On June 02, 2011 at 11:20 AM, EnigmaDude (58.65) wrote:

And back up 10% today.  I never said it would be a smooth ride!

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#8) On July 19, 2011 at 12:40 PM, EnigmaDude (58.65) wrote:

up another 20% today on this news:

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