Beacon Equity Research: Investors Applaud Clean Diesel Technology’s (CDTI) Preliminary Q3 Results
Shares of Clean Diesel Technologies Inc., a vertically integrated worldwide manufacturer and distributor of emissions control systems and products, are soaring in today’s trading after today announced its unaudited third-quarter 2011 financial results. The company also entered into an equity purchase agreement with Lincoln Park Capital Fund LLC. At last check, Clean Diesel Technologies shares were trading 31.21% higher at $3.897, with volume up from daily average of 112,433 to 1,069,154. Clean Diesel said that it expects third-quarter revenue to be in excess $14.7 million. For the same period in the previous year, the company had revenue of $10.9 million.…