American Superconductor (AMSC) has landed initial wind turbine electrical control system orders from China’s third largest wind turbine manufacturer, Dongfang Turbine. The electrical components will be used in DTC’s 3MW and 5MW full conversion wind turbines, which were jointly designed and developed by AMSC. Shipments will begin this year, but won’t be shipped in larger quantities until next year. No word on the financials of the deal or exactly how many systems would be shipped.… Read the rest
Category Archives: Wind Energy
Zoltek (ZOLT) Finally Beats, “Wind Energy Entering New Phase Of Rapid Growth”
In the past, it was nearly a given that Zoltek (ZOLT) would miss analyst estimates while CEO Zsolt Rumy would keep saying “just wait, growth is coming”. Investors have been waiting for a long time for a return to the glory days. Perhaps those days are on the horizon… maybe. If the action in the stock over the past few months is any indication, that may be the case.
No, this wasn’t a … Read the rest
American Superconductor (AMSC) Surges On Strong Earnings, Raises EPS Guidance
Shares of American Superconductor (AMSC) surged nearly 10% today after the company reported strong earnings results this morning, beating analyst estimates in the process. The company reported a non GAAP EPS of .40/share on revenues of $114 million. That beat the analyst estimates of .33 in EPS and $113 in revenue and represents quarter over quarter growth of 100% and 42% respectively. The CEO has previously stated that their goal had been to achieve $1 … Read the rest
American Superconductor (AMSC) Adds Another Order From India’s Inox Wind
American Superconductor (AMSC) has received a $9 million follow-on order for wind turbine electrical control systems from Inox Wind Limited of India. AMSC continues to expand its business in India with an initial order from Inox back in August for 17 sets of electrical control systems and another $20 million order from Ghodawat Energy in April. Inox will use the systems in its 2MW wind turbines and has the ability to manufacture 400 annually. India … Read the rest
American Superconductor (AMSC) Announces New UK Orders For Wind Farm Connection Systems
American Superconductor (AMSC) announced it received several new orders for its D-VAR wind farm connection systems in the UK bringing the total number of wind farms using AMSC’s system to 15 in the UK. AMSC sold a record number of D-VAR systems in 2010, more than doubling its 2009 level. The D-VAR systems allow for voltage control and greater efficiencies within wind farms.
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“The United … Read the rest
IPO Coming For Top China Wind Turbine Company Sinovel
China’s biggest wind turbine producer Sinovel plans to raise over $1 billion in an IPO according to China Daily. China IPO’s always garner lots of interest, often times whether they’re profitable or not so Sinovel should do quite well considering it is profitable and growing. They’re expected to grow profits about 30% this year.
China’s 3rd largest wind energy company Huaneng Renewables scrapped plans for an IPO in Shanghai late last year so success … Read the rest
American Superconductor (AMSC) Gets $10 Million Wind Turbine Electrical Order
American Superconductor (AMSC) announced this morning that it received an order of more than $10 million for wind turbine electrical control systems from South Korea’s Doosan Heavy Industries for use in Doosan’s 3MW wind turbines. Shipping of the components will begin in about six months and continue for a year.
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“Doosan has decades of experience in the power and offshore arenas, which will serve them … Read the rest
A-Power Energy (APWR) Retracts GE Statement, Is Confident In Partnership
A-Power Energy (APWR) is retracting a statement it made during its last earnings conference call regarding their joint venture with General Electric (GE) and the wind turbine gearbox being designed by GE for APWR. During the call the CEO said they were in talks to buy GE China’s interest in their joint venture that makes wind turbine gearboxes, and would terminate a related supply deal with the U.S. firm. Now the company is retracting the … Read the rest
A-Power Energy (APWR) Signs Another EPC Contract ($16.4 Million)
A-Power Energy (APWR) is on a bit of a roll of late securing nearly $50 million in EPC contracts. A couple days ago the company announced a $32 million contract with Hainan Century Light for a biomass plant and last night the company announced it has signed a $16.4 million contract with Handan Fengfeng Pengtong Coking for a power generation project which includes a coke oven gas boiler and a 15MW steam turbine generator. … Read the rest
American Superconductor (AMSC) Hit On Negative Barrons Article
American Superconductor (AMSC) took a hit from Barron’s over the weekend and a hit to its stock price Monday as a result with the stock down 8%. Barron’s believes the company relies too much on a single customer. That single customer happens to be Sinovel which is the largest wind turbine producer in China, but Barron’s is concerned about the risk involved with signs that the boom in China wind power is slowing while AMSC’s … Read the rest