A-Power Energy (APWR) reported Q2 results this morning and missed analyst estimates for both EPS and revenue. The company reported a non GAAP EPS of just $0.02 versus the analyst estimate of $0.14 on revenue of $74.8 million, vs the estimate of $94.22 million. While that’s good for an increase in revenue of 31% over the year ago quarter, EPS fell 85%.
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A-Power Energy (APWR) missed analyst estimates on both the EPS and revenue side this morning, but is surging about 10% in pre-market trading after raising guidance for this year. The company reported a non GAAP Q1 EPS of $0.05, versus the analyst estimate of $0.22. Revenue for the quarter was $67.30 million, which compares to the estimate of $82.05 million. The non GAAP EPS number excludes significant one time gains during the quarter which include … Read the rest
A-Power Energy (APWR) is jumping about 5% in pre-market trading on news it will celebrate the final development phase of the big Texas wind farm its working on with US Renewable Energy and Cielo Wind. A ribbon cutting ceremony will take place next Tuesday in Las Vegas with a press conference to follow. The company is currently look for a manufacturing site in Nevada to build wind turbines for this project and others in the … Read the rest
A-Power Energy (APWR) reported a big growth in the last quarter and beat analyst EPS estimates by a wide margin reporting a non GAAP Q4 EPS of $0.61 which was well ahead of analyst estimates of $0.41. Revenues were a bit shy of what analysts were looking for at $125.9 million. Those are record numbers representing a 100% increase and 60% increase in EPS and revenue over the year ago quarter. So why is the … Read the rest
Speculation has been swirling for a few months now that legislation would be passed putting the kibosh on the big 600MW Texas wind farm being developed by Shenyang Group (which A-Power has majority ownership of) and a few US based companies such as US Renewable Energy and Cielo Wind.
A few Democrats aren’t all that thrilled that China based A-Power Energy is playing such a big part, supplying the turbines for the project. According to … Read the rest
A-Power Energy (APWR) has announced this morning that it has taken another step towards the development of the 600MW, $1.5 billion wind farm in Texas. Through its subsidiary Shenyang Power, the company has established a project company, made an initial investment of $36 million and received final approval from the Chinese National Development & Reform Commission. Shenyang is partnering with US Renewable Energy Group, Cielo Wind Power under the umbrella of a Delaware limited … Read the rest
A-Power Energy (APWR) has been taken out back and bludgeoned into oblivion over the past month, but in my opinion, the stars are aligned for a possible relief rally into the $15 resistance area in the coming weeks. For starters, the stock has now hit a big level of support at the 200 day moving average and has begun to show signs of stabilizing at that level with a decent surge today on good volume. … Read the rest
A-Power Energy (APWR) has announced it signed an exclusive 2MW wind turbine deal with W2E Technologies and will license W2E technology to manufacture, operate, service and sell the turbines within the US and China. APWR will have non exclusive rights to market the turbines outside of China & the US. Financials of the deal haven’t been disclosed. Traders like the news premarket and the stock is up about 4%.
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Back on October 30th, it was first announced that A-Power Energy (APWR) through its Shenyang Power joint venture (of which it is majority owner) would partially own and be the wind turbine supplier for a 600MW wind farm in Texas. Today the project moves closer to fruition with Shenyang Power, US Renewable Energy Group and Cielo Wind Power entering into a definitive agreement with a signing ceremony in Wash DC today. The tentative delivery date … Read the rest
By Jeff Siegel of GreenChipStocks.com
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In the 1973 movie Papillon (adapted from the 1969 French novel by Henri Charriere), there’s a scene where Papillon is considering jumping off a cliff to escape the island on which he is being imprisoned. His friend Dega says, “It seems so desperate. You think it will work?”
And Papillon replies, “Does it matter?”
Papillon had two options: Stay on the island and … Read the rest