A-Power Energy (APWR) Postpones Earnings Again, Shares Down

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09:36:28 am on March 28, 2011

Well, the credibility of A-Power Energy (APWR) is in question yet again this morning as the company postpones its earnings report once again.  You might remember that the company first postponed its earnings report back in November of last year and didn’t give a reason.  The stock was hit hard a few weeks later when the company finally reported and missed on earnings and guidance. 

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This time around the company is saying that the postponement isn’t due to accounting irregularities but needed to allow the company and its auditors more time to complete financial statements and an audit.  Part of the reason APWR stock continues to get hit is because of a lack of trust in management and this doesn’t do much to restore it.  Shares are down about 5% in early trading.

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