CHINA BAK BATTERY INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events

Show all filings for CHINA BAK BATTERY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHINA BAK BATTERY INC 22-Oct-2009Entry into a Material Definitive Agreement, Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for ...
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China BAK sells shares, warrants for $21 mln

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U.S.-China Tag-Team Could Reignite Clean Tech Equities

This powerful tag-team could boost your clean energy portfolio, if they get their priorities in line. The New York TimesThe Times quoted Massachusetts democrat Edward J. Markey, who called global warming talks between the two largest emitters of greenhouse gasses, "one of the most complex diplomatic negotiations in the history of the world."Reuters received 27% of all U.S. venture funding in the third-quarter.As of this writing, tickerspy's five green energy Indexes are mixed over the last month, as investors struggle to place value on the future of the relatively young technologies.The energy storage sector has taken the top spot recently. Chinese players Hong Kong Highpower (AMEX: HPJ - News), BYD (OTC: BYDDF ...
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China BAK Announces Closing of a $20.6 Million Registered Direct Offering

SHENZHEN, China, Oct. 28 /PRNewswire-Asia-FirstCall/ -- China BAK Battery, Inc. ("China BAK" or the "Company") (Nasdaq: CBAK - News) today announced that it has closed a registered direct offering of 5,790,000 units, each unit consisting of a share of common stock and a warrant to purchase 0.25 of a share of common stock. The price of the securities sold was $3.55 per unit, for an aggregate purchase price of $20.6 million. Pursuant to subscription agreements between China BAK and the investors in this offering, the warrants may be exercised to purchase an aggregate of 1,447,500 shares of the Company's common stock at an exercise price of $3.90 per share. The warrants are exercisable for 24 months beginning on the date of the initial issuance of the warrants. The Company expects to use the net proceeds from this offering of approximately $19.3 million to reduce its outstanding debt, to fund working capital and to fund capital expenditures.Cowen and Company, LLC, a subsidiary of Cowen Group, Inc. (Nasdaq: COWN - News), acted as the exclusive placement agent for the transaction.About China BAK Battery, Inc.China BAK Battery, Inc. is one of the largest manufacturers of lithium-based battery ce...
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Mighty Tykes: 3 Ultra Low Priced, PowerRatings Stocks

David Goodboy is Vice President of Business Development for a New York City based multi-strategy fund. Ultra low priced stocks pose particular challenges for the short-term investor. First, the shear number of names trading under $5.00/share is mind boggling. Secondly, choosing companies possessing the potential for outsized short-term gains from the myriad of choices is daunting.While it is critical to keep in mind that certain liquidity, manipulation, and shock/volatility factor risks can exist within the low priced sector; the real dollar return benefits may be substantial.Our Stock PowerRatings combined with the three step, easy to implement stock picking system places the odds firmly in your favor for locating low priced stocks most likely to outperform over the short-term. In this case, short-term refers to the 1, 2 and 5-day time frames.The first part is the stock needs to trade above its 200-day simple moving average to be considered. This assures that shares are not in a death spiral into the abyss where few stocks ever return.The Second part is to look at stocks whose 2-period Relative Strength Index (RSI(2)) is less than 2. Most traders use the standard 14-period RSI, but our studies discovered that there was no edge at this setting of the indicator. While RSI(2) has proven to produce significant edge to the short-term trader. (for additional information on this proven indicator click here).The third and final part is to look only at stocks for short-term gains that have an 8 or above Stock PowerRatings.The stocks that ...
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CHINA BAK BATTERY INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Show all filings for CHINA BAK BATTERY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHINA BAK BATTERY INC 28-Oct-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informatio...
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Broad-Based China Rally Hushes Bears

China's October manufacturing output hushed the bears, pointing to further economic strength. Bloomberg, China's manufacturing growth in October was the highest in 18 months. Meanwhile, a handful of Shanghai-listed companies reported strong numbers, leading the Shanghai Composite Index to finish up by 2.7%. Chinese stocks and ADRs are largely moving higher on U.S. exchanges, though one major solar name is weighing on the sector's average.As a whole, the China Stocks and ADRs Index is ahead by 1% today. It is now -1% behind the S&P 500 over the last month.Chinese components of the Energy Storage and Battery Stocks Index are mixed today. BYD (OTC: BYDDF - News), Warren Buffett's pick for the sector, is up by 12% today. China Ritar Power (NASDAQ: CRTP - ...
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Is the Recent Battery Tech Pullback a Buying Opportunity?

A number of hot battery stocks have cooled off in the last month, offering more attractive valuations. Clean technology has been one of the hottest sectors in 2009, and as such it is prone to some pretty heavy speculation. Case in point A123 Systems (NASDAQ: AONE - News), the Watertown, Massachusetts-based lithium ion battery maker whose third-quarter losses widened after its well-publicized, late-September initial public offering. The stock slipped on yesterday's earnings report, but the 3% uptick in total revenue and a new contract with BMW gave investors a reason to stay optimistic.VentureBeat credits the A123's PR team for putting a positive spin on the mixed results, and noted that the company's success largely depends on growth in the electric car market, which could be years down the road. However, many major automakers have an electric offering in the works, so the battery sector's recent pullback could be a buying opportunity to get in on a technology that could eventually be a mainstay of the auto industry.Electric cars aren't the only thing driving components of the Energy Storage and Battery Technology Stocks Index. This was made evident recently, when Warren Buffett's bet on the sector BYD (OTC: ...
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