Volume Spike Investor

Active Power, Inc. (NASDAQ: ACPW) is surging on news that it has received a second multi-million dollar order from what it called ‘one of the world’s largest Internet search engine providers.’ The order is said to be for more than 16MW of its CleanSource uninterruptible power supply systems.  We have seen 40,000 shares of ACPW trade in 3 minutes at 8:03 AM EST and the stock is up over 30% at $1,25.  The average volume is only about 200,000 shares, the 52-week trading range is $0.22 to $1.14 and the market cap before today’s pop is listed as $60 million.  To show why the pop is happening, the revenues in each of the last three quarters (most recent first) were listed as $6.630 million; $11.143 million; and $16.211 million.  UPDATE AT 9:07 AM EST: shares up 39% at $1.27 on 134,000 shares.  Expect exponential trading volume today.

JON C. OGG