A-Power Energy (APWR) is skyrocketing this morning after the company reaffirmed earnings guidance on Friday night with plans to conduct a conference call October 15th at 9AM EST.
John Lin, A-Power’s Chief Strategy Officer and Interim Chief Financial Officer, “We want to reaffirm our earnings guidance, while also noting we anticipate our third quarter 2008 financial statement review will be finalized within the next 30 days, when we will schedule our third quarter earnings call.”… Read the rest
A-Power Energy (APWR), once a high flying China wind play now trading less than 6 bucks a share is announcing some decent contracts. Today, it announced the 2nd contract with China National Automation and this one is 10x the size of the previous contract announced just a few days ago. Under this contract APWR will deliver 50 2.7MW wind turbines by July of next year.
Said the CEO, “We are currently in late-stage discussions … Read the rest
A-Power Energy (APWR) announced today that its signed a contract with China National Automation Control System Corp for the sale of five 2.7 MW wind turbines with delivery to occur later this year for use in wind farm projects in the Gansu province and Inner Mongolia Autonomous region. These are the first wind turbines produced at A-Power’s new production facility in Shenyang, China which is designed with annual capacity of 300 of the 2.7MW wind … Read the rest
A few upgrades of green energy stocks this morning:
* A-Power Energy (APWR) Started at a Strong Buy by Raymond James
* Sunpower (SPWR) upgraded from Neutral to Buy on valuation and the PG&E deal by Merril Lynch
* Stanford Group initiates coverage on EMCORE (EMKR) with a Buy rating… Read the rest
A-Power Energy (APWR) has entered into an MOU agreement with Mongolia to construct a new 290,000 square foot wind turbine production facility with the capacity to produce approximately 800 MW of wind turbines each year.
"The new facility will be similar in size to the first phase of our facility recently completed in Shenyang and its strategic location will be advantageous to serve this particular part of Inner Mongolia’s wind belt. We plan to begin … Read the rest
A-Power Energy Generation Systems (APWR) announced today that it has consummated a cooperation agreement with Fuhrlander AG which gives APWR the right to produce Fuhrlander’s 600KW to 2.7MW series wind turbines. Said Fuhrlander Chairman, "We are very impressed by the speed at which A-Power constructed the initial phase of its wind turbine production facility and the success they are having sourcing components. We feel that A-Power has the leadership, intellectual capital, relationships, and capital resources … Read the rest
According to Street Insider, shares of A-Power (APWR) are trading more than 10% higher today on news that the company has completed construction of the first phase of its 310, 000 sq foot wind turbine production facility in Shenyang, China. CEO Lu said, "We are excited to announce the on-time completion of the first phase of our wind turbine production facility which we believe is the largest wind turbine production facility in China."… Read the rest
UP
Altair Nanotechnologies (ALTI) up 33.79% on this news
Xethanol (XNL) up 11.11%
A-Power Energy (APWR) up 8.59%
Otter Tail (OTTR) up 5.04% and broke out to new all time highs!
DOWN
Quantum Fuel Systems (QTWW) down 7.14% … Read the rest