Highpower International Inc (NASDAQ: HPJ), a manufacturer of rechargeable batteries, is featured as today’s top momentum gainer since it gained more than 20% touching its new 52-week highs during the last two consecutive trading days with significant numbers of shares exchanging hands. During yesterday’s trading session, HPJ was among the top gainers in the U.S. industrials sector after gaining 20.8% and closed at its 52-week high of $6.06 while recording significant volumes of 2.2 million shares. During the last 5-trading sessions, HPJ surged 92% recording daily average volumes of 1.74 million shares, while the stock accumulated over 126% during the past one month with 30-day average volumes of 363,026 shares. The stock gained after the company announced that it received its first ever order for large format lithium batteries to be used in electric buses from Huizhou Yipeng Energy Technology Ltd.
Company Description:
Highpower International Inc (NASDAQ: HPJ) develops and manufactures nickel metal hydride and lithium-ion rechargeable batteries and related products. The company’s batteries are used for a wide range of electronic devices, such as digital cameras, DVD players, electric razors and toothbrushes, power tools, electric toys, personal portable electronic devices and hybrid electric vehicles.
1-Year Stock Chart:
Source: Bloomberg
