Tag Archives: my

China Ming Yang Wind Power (MY) Gets 125MW Wind Farm Deal, Looking More Bullish

Wind energy stocks have had the breeze at their back recently and China Ming Yang Wind Power (MY) has benefited from a resurgence in the sector.  The company also announced some good news yesterday in the form of an EPC contract for two wind farms with a total capacity of 125MW in Bulgaria.  The deal was actually inked back in December but the announcement wasn’t made until yesterday.  The first batch of wind turbines were … Read the rest

China Ming Yang Wind (MY) Misses On EPS

China Ming Yang Wind (MY) is reporting earnings results this morning that missed analyst estimates on the EPS side, but slightly ahead on the revenue side.  The company reported an EPS of .13/share (vs estimates for .16/share) on revenues of $299 million (vs estimates for $297 million).

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Here are highlights of comments made by CEO Chuanwei Zhang:

– 28% year over year growth in … Read the rest

China Ming Yang Wind Power (MY) Misses Badly, But Bounce Coming?

It’s been a mighty rough go for any stock related to wind energy and China Ming Yang (MY) is no exception as the stock continues to drift lower and lower.  It’s latest earnings report isn’t providing any help.  The company, while profitable, missed analyst estimates by a wide margin reporting an EPS of .10/share (vs estimate for .20) on revenue of $217 million (vs estimate of $240 million.  The more than two year streak of … Read the rest

China Ming Yang Wind Power (MY) Smashed Estimates, But Still Sinking To New Lows

China Ming Yang Wind Power (MY) just can’t please anyone.  The company absolutely destroyed the analyst predictions for EPS and revenues last night, but yet the stock is sinking to another new low today.  Perhaps there is more than meets the eye.  The company posted an EPS of .27 which was well ahead of the analyst estimate for just .09/share and 69% above the year ago number.  They beat by a wide margin on the … Read the rest

China Ming Yang (MY) Capitalizing On China’s Wind Energy Growth, Smashes Estimates

China Ming Yang Wind Power Group (MY) reported strong Q4 2010 earnings results this morning, smashing estimates in the process.  The company reported an EPS of .28/share on revenues of $260 million.  That was well ahead of the analysts consensus estimate for .15/share on revenues of $221 million.  The quarter was a huge improvement over the year ago quarter with a more than 5 fold jump in revenues.  It also marks the 4th straight quarter … Read the rest

China Ming Yang Wind Power (MY) Signs MOU For More China Wind Development

China Ming Yang Wind Power (MY) has announced they have signed a memorandum of understanding to cooperate on a series of proposed wind energy projects with the provincial government of Hebei, a province in Northern China.  The initial agreement provides designated land from the local government for Ming Yang to develop and there are likely financial incentives for opening up supply chains for wind power equipment and wind/solar hybrid storage solutions.

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China Ming Yang Wind Power (MY) Signs Cooperation Intention For 200MW Offshore Wind Project

China Ming Yang Wind Power (MY) has announced that it signed a cooperation intention agreement with a leading China-based independent power producer for up to 200MW of wind turbines for an offshore wind project in  Beibu Gulf area of China.  Should the project get off the ground, MY would provide 2.5 and 3MW wind turbines while the other (unnamed) company would be the developer.  Construction could begin next year.

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Green Stocks Central Begins Coverage Of China Ming Yang (MY) Wind Energy IPO

mingyang_wind_power_my_ipo 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