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
Tag Archives: apwr
US Renewable Energy Group And A-Power (APWR) To Cooperate On Wind Turbine Plant
The US Renewable Energy Group and A-Power just signed a cooperation agreement to develop a new US wind turbine production and assembly plant. Once completed, the planned 3,200 square foot plant will be capable of producing 1,100 MW worth of advanced wind turbines every year.
The plant will employ 1,000 workers, as well as creating jobs in construction and in manufacturing the component parts of the wind turbines, which will be sourced here.
In a … Read the rest
A-Power Generation Systems (APWR) Selected To Supply West Texas Wind Farm
A-Power Generation Systems just announced that they will supply a 600 MW wind farm in West Texas as a part of a joint venture between Shenyang Power Group the U.S. Renewable Energy Group and Cielo Wind Power LP. Under the agreement, the joint venture will purchase 240 units of 2.5MW wind turbines from A-Power, with delivery tentatively scheduled to start in March 2010.
In a press release, Mr. Jinxiang Lu, Chairman and CEO of A-Power … 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
A-Power (APWR) Forms Joint Ventures With Jiangsu Miracle Logistics System Engineering Co., Ltd.
A-Power Energy just announced that it has formed 2 joint ventures with Jiangsu Miracle Logistics System Engineering Co., Ltd. The first joint venture, Shenyang Tianxiang Wind Equipments Manufacturing Co., Ltd, will manufacture wind turbine components like blades and hubs, at a new plant in Shenyang City. For this joint venture, A-Power is throwing in $1.5 million and Jiangsu Miracle will invest $1.4 million.
The second joint venture, Shenyang Tianrui Wind Equipments Sales Company Co., Ltd, … 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