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Highpower +5.7% after shipping trial order to Costco

  • In an "initial trial order," Highpower (HPJ) has completed delivery of  two containers of its Ni-MH rechargeable batteries to Costco. The batteries will be used as "power sources for general solar light products."
  • Highpower says it "manufactured the products for one of its branded customers with specific power requirements," and notes Ni-MH batteries are more environmentally friendly than the NiCD rechargeable batteries typically used for solar lighting.
  • Shares jumped in April following news of a supply deal with Sony involving the electronics giant's wireless products.
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