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Why Cleantech Solutions International Inc (CLNT) Surged Higher

Shares of Cleantech Solutions International Inc (NASDAQ:CLNT) have popped 37% after the company announced that it has regained compliance with the NASDAQ minimum bid price listing requirement. Due to the company’s closing bid price achieving $1 or higher for the last 10 consecutive trading days, the NASDAQ exchange has notified Cleantech Solutions International Inc (NASDAQ:CLNT) that the company is once again in compliance with Nasdaq Marketplace Rule 5550(a)(2). Shares of the company achieved compliance in part due to a 1:4 reverse split.

Typically stocks that are de-listed or on the OTC markets command lower valuations than stocks listed on the NASDAQ or NYSE.

What Does The Smart Money Sentiment Say?

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 39.7% gains over the past 12 months and outperformed the 24.1% gain enjoyed by the S&P 500 ETFs. Our enhanced small-cap hedge fund strategy returned more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points over the last 4.5 years (see details here).

According to our data, none of the 742 elite funds we track owned any shares of Cleantech Solutions International Inc (NASDAQ:CLNT) at the end of Q4.

The Bottom Line

Cleantech Solutions International Inc (NASDAQ:CLNT) shares have surged after the company regained compliance with the NASDAQ. The news has improved sentiment, which has in turn sent shares higher. Nothing fundamentally concerning the company has changed, however. For more reading, check out ‘8 Countries That Produce The Most Wind Energy In the World‘.

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