SPNG, JASO – Dr Stock Pick Watch List ! for Friday 7-24-2009
Jul 24th, 2009 by beststockreport
My Picks for Friday July 24, 2009 are:
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JASO, JA Solar Holdings Co., Ltd.
JASO is a fast growing manufacturer of high-performance solar cells that is advancing solar photovoltaics as a financially viable yet sustainable solution to balance the world’s environment and energy needs.
JASO sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.
JASO’s Headquarters is located in Shanghai, China with current manufacturing facilities located in Ningjin, Hebei Province and Yangzhou, Jiangsu Province.
*The Chinese government will boost subsidies (This could draw more than $10 billion in private funding for projects) for solar power in a bid to juice the development of about 500 megawatts of solar energy in the next two or three years . That’s about the size of an average coal-fired power plant.
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SPNG, SpongeTech Delivery Systems Inc, SPNG.OB
SPNG is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages.
These sponge-like products utilize SPNG’s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients.
The SPNG’s sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure.
Last week, SPNG announced that the Company has secured approximately $11 million in orders for the month of July by that time.
Yesterday, SPNG announced that its Board of Directors has authorized an increase in its stock repurchase program from 100 million to a maximum of 150 million common shares.
“That action demonstrates the Management and Board of Directors strong confidence in the long term strength of the Company’s cash flow generation as SPNG intend to continue reducing its share structure.” said SPNG’s COO, Steven Moskowitz.
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Add JASO and SPNG to your Watch List!, do your homework, and like always BE READY for the ACTION!
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