Recently, another vehicle for trading the China wind energy space began trading. China Ming Yang (MY) made its IPO debut on the NYSE under the ticker symbol MY on October 1st. They are the largest non state owned wind turbine manufacturer and have had more success in China than A-Power Energy (APWR), but they don’t have a presence in the US outside of a recently opened office in Dallas, TX (APWR does). The other thing … Read the rest
Tag Archives: apwr
A-Power Energy (APWR) Surging AH On 6YR, $28o Million Contract
Earlier today, I posted about A-Power Energy’s (APWR) shipment of a prototype wind turbine to the US and mentioned it was a great time to consider getting long APWR. While APWR is better known for its wind turbine business, they have construction operations in a variety of industries.
==> Click Here For Your FREE Daily A-Power Energy Technical Analysis
In after hours trading, we have another reason to get long. The company has won a … Read the rest
A-Power Energy (APWR) Ships Prototype Wind Turbine For 600MW Spinning Star Project
It’s been a long time since we’ve heard any news regarding the controversial 600MW wind farm in Texas in which China based A-Power Energy (APWR) owns a large portion, but yesterday the company announced it has shipped a 2MW prototype wind turbine to Texas to be installed and tested.
==> Click Here For Your FREE Daily A-Power Energy Technical Analysis
Mr. Jinxiang Lu, A-Power’s Chairman and CEO commented, "We are very excited to announce … Read the rest
A-Power Energy (APWR) Misses With Zero Wind Turbine Biz, But Reiterates 2010 Outlook
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%.
====> Click Here For Your FREE A-Power Energy Technical Analysis
On the bright … Read the rest
A-Power (APWR) Subsidiary Partners With Baoding Huide
A-Power Energy Generation Systems announced yesterday that its subsidiary, Shenyang Lucky Wind Power Equipments, has entered a partnership with Baoding Huide Wind Power Engineering. The companies will work together on production and research and development, as well as pooling resources and exploring new business opportunities together.
In a press release, Jinxiang Lu, chairman and CEO of A-Power, commented on the partnership:
“We are very excited to partner with Baoding Huide as we continue to enhance … Read the rest
A-Power Energy (APWR) Misses Wall St Estimates, But Surging After Raising Guidance
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) Celebrating Final Development Phase Of Texas Wind Farm, But Files $100 Million Mixed Shelf
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) Reports Strong Results, Disappoints On Guidance
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
A-Power (APWR) To Work With U.S. Renewable Energy Group and American Nevada Group On Wind Turbine Production And Assembly Plant
A-Power Energy Generation Systems just announced that will work with US Renewable Energy Group and American Nevada Group to build a wind turbine production and assembly plant in Nevada. Once completed, the plant will be capable of producing 1,100 megawatts worth of advanced wind turbines each year.
The plant will also bring approximately 1,000 long-term jobs to Nevada, plus jobs generated by construction.
In a press release, John Lin, A-Power’s Director and COO, commented … Read the rest
A-Power (APWR) Subsidiary Awarded $1.7 Million Solar Contract
According to this press release, A-Power just announced that its wholly-owned subsidiary, EVATECH, has been awarded a $1.7 million contract by an unnamed a Chinese leading renewable energy company. Under the terms of the agreement, EVATECH will design, build and install one set of photovoltaic solar machines, which it is expected to ship on May 31, 2010. The Chinese company has already made a downpayment.
:::: >>> Click Here For Your FREE A-Power … Read the rest