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Enter Symbol:
 
Harbin Electric, Inc. (HRBN) [hlAlert]

Rating:
Buy HRBN
up 31.26 %

Harbin Electric, Inc. (HRBN) rated Buy with price target $24 by Maxim Group

Posted on: Wednesday,  Jul 14, 2010  9:25 AM ET by Maxim Group

Maxim Group rated Buy Harbin Electric, Inc. (NASDAQ: HRBN) on 07/14/2010, when the stock price was $17.75. Since
then, Harbin Electric, Inc. has gained 31.27% as of 11/01/2011's recent price of $23.30.
If you would have followed this Maxim Group's recommendation on HRBN, you would have gained 31.26% of your investment in 475 days.

Harbin Electric, Inc. designs, develops and manufactures linear motors and special electric motors. With proprietary technology and core patents, the Company builds a wide array of customized linear motors and other special motor for a variety of applications and industries. The Company currently designs and supplies its motor products and systems to numerous end users throughout the Chinese domestic market, as well as, to other industrial OEM customers overseas. Industry applications for linear motors include oilfield services, conveyor systems, factory automation, packaging equipment, as well as mass transportation systems. The Company is based in Harbin, China along with its wholly owned subsidiaries.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/14/2010 9:25 AM Buy
None
17.75 24.00
as of 12/31/2010
1 Week up  7.60 %
1 Month up  15.94 %
3 Months up  5.25 %
1 YTD up  6.08 %

(*) Stock Price at the time of the recommendation.
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