What started out as a shaky day for A-Power Energy (APWR) has turned into a great day. The stock is surging off the lows of the morning after missing analyst expectations and has announced two new deals. The first was the construction contract with Tieling Cement and now the company is announcing it has signed an agreement with Pakistan Amraas Intl to construct and operate two 25MW biomass power plants as well as a geothermal … Read the rest
Tag Archives: a-power energy
A-Power Energy (APWR) Gets $16 Million Construction Contract From Tieling Cement
A-Power Energy (APWR) is surging off the lows following its earnings report this morning and there is more good news to report for APWR shareholders. The company has announced that it has signed a $16 million contract with Tieling Cement to act as the general contractor for a waste to heat power generation facility in Tieling City. The project will begin this month and is expected to be completed within the next 6 months.
Jinxiang … Read the rest
A-Power Energy (APWR) Reports Record Revenue But Misses Analyst Estimates Again.. Buying Opportunity?
Many traders were expecting more out of A-Power Energy (APWR) this quarter and once again they were disappointed as the company missed analyst estimates by a decent margin this morning. APWR has made a habit of missing estimates and selling off in recent reports, but I have to admit, I was kind of hoping that they would miss this quarter so I could add shares at a lower price. Looks like I may get my … Read the rest
A-Power Energy (APWR) Breaking Out On New $36 Million Wind Energy Project (Donggang)
A-Power Energy (APWR) is breaking out of a base this morning with good volume on news that it has secured a new $36 million contract to supply equipment, construction services and installation for a wind farm in Shangdong Province (called the Donggang Wind Farm) for a subsidiary of Datang International Power. The project is expected to begin next month and be completed within a year. Initially, eight 2.5 and 2.7MW wind turbines will be installed … Read the rest
A-Power (APWR) Gets $90 Million, 49.5MW Wind Farm Contract
A-Power Energy (APWR) is surging nearly 10% this morning on news it has received a 49.5MW “full responsibility” contract valued at over $90 million to build a wind farm in Inner Mongolia called the Saiwusu Wind Farm. APWR will handle just about everything including supplying the turbines, towers and foundations, construction and installation. The project has already been approved by the National Resources Bureau of Inner Mongolia and the permit issued for transmission of power. … Read the rest
A-Power Energy (APWR) Misses Badly Again, Stock Down Sharply Premarket
A-Power Energy (APWR) missed earnings estimates by a wide margin once again this morning and the stock is down more than 10% as a result. The company reported an EPS of .14/share which was a big improvement sequentially but down 30% over the year ago quarter. Analysts were expecting .20/share. Revenues also jumped over last quarter (by about 60%) to $57.5 million, but off about 10% from the year ago quarter and missing estimates as … Read the rest
FSLR, SPWRA Get Merriman Buy Ratings; YGE Upgraded By HSBC, APWR Initiated At Outperform
Some positive analyst ratings are out this morning. Here’s the rundown:
Hat tip to StreetInsider.com for the analyst comments.
First Solar (FSLR) gets a Buy rating from Merriman Curhan. The firm says, “First Solar is a leading provider of thin film solar technology primarily serving the power utility market and continues to command cost leadership at $0.87/watt vs. its silicon-base solar peer group at $2.50/watt. Solar is rapidly becoming a critical alternative energy solution … Read the rest
A-Power Energy (APWR) Adds Thin Film Solar To The Mix With EvaTech Purchase
A-Power Energy (APWR) is becoming quite the one stop shop for green energy solutions in China. The company is now involved in wind turbines, biofuels, LNG and with today’s announcement of its MOU to purchase EvaTech, thin film solar. The all cash transaction of $50 million will be funded by government subsidies (about 40 – 45%) and loans. APWR expects to sign a definitive purchase agreement with EVATECH by next month and the close … Read the rest
A-Power Energy (APWR) Acquires 1.5MW Wind Turbine Technology & Operations From Shenyang Hauren
A-Power Energy (APWR) is acquiring Shenyang Huaren’s proprietary wind turbine technology and operations to commercially produce 1.5MW grade turbines, the company has announced. Shenyang will train and direct A-Power engineers on assembly, installation and testing for the next three years. APWR will also fulfill Huaren’s back order of 10 wind turbines as part of the deal. … Read the rest
A-Power Energy (APWR) Surges Higher On Macau Offshore LNG MOU For Shenyang Power
A-Power Energy is best known for their wind turbine biz but quietly have been pursuing and winning work to build biofuel facilities which we reported here several weeks ago. This morning they are announcing a potentially huge partnership deal with Macau Natural Gas, to construct an offshore liquid natural gas (LNG) complex to import, store and re-gasify LNG to help power the casino mecca Macau. A-Power’s industry alliance Shenyang Power Group, which it owns … Read the rest