SmartHeat Soars 34%

November 16, 2009

Shares of SmartHeat (HEAT) are smart hot! The stock is up as much as 34% today on great earnings. The China-based company makes energy savings devices and it reported third-quarter earnings of 36 cents a share which was 8 cents better than estimates. The 36 cents a share was twice what it made a year ago. Sales jumped 83%. SmartHeat also reaffirmed sales and earnings guidance for this year.

I recommend SmartHeat in my Emerging Growth service which is the #1 ranked investment service for overall performance over the last 24 years. The stock continues to be an excellent buy.

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