ET 14:00

Sono-Tek (SOTK) Shares Jump 18% on Record $7.19M Clean Energy Order

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Shares of Sono-Tek Corporation (SOTK) rose about 18% on September 30 after the company announced three purchase orders totaling approximately $7.19 million from an existing clean energy sector customer. The stock was trading at $5.91 on the Nasdaq, up 18.41%, after opening at $5.53 and reaching a session high of $6.38. The orders comprise 10 production-scale coating systems to be shipped to three different geographic locations and represent the largest aggregate customer order in Sono-Tek's history. Over the past year, the stock has traded between $3.40 and $5.38. Sono-Tek, based in Milton, New York, manufactures ultrasonic coating systems used in clean energy, medical, and electronics applications.

ByTicklex Editorial