A-Power Energy (APWR) Reaffirms Earnings Guidance, Soars 55%

A-Power Energy (APWR) is skyrocketing this morning after the company reaffirmed earnings guidance on Friday night with plans to conduct a conference call October 15th at 9AM EST. 

John Lin, A-Power’s Chief Strategy Officer and Interim Chief Financial Officer, “We want to reaffirm our earnings guidance, while also noting we anticipate our third quarter 2008 financial statement review will be finalized within the next 30 days, when we will schedule our third quarter earnings call.”

A-Power recently announced a big contract with China National Automation for 50 wind turbines

The company had been trading near $4 bucks/share in recent days after trading up over 30 less than 4 months ago.  I may add a long term position at 5.50 or lower. 

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