Chardan South China (APWR)
ICE COLD NOTES
Boone Pickens just announced this morning that his Mesa Power LLP placed a $2 billion order for 667 wind turbines with General Electric to build the world's largest wind farm in the Texas Panhandle.
My favorite wind energy play is A-Power Energy Generation Systems, Ltd. (APWR). I have decided to upgrade it from a speculative rating of 2, to a speculative rating of 1... my highest level of confidence!
I originally picked APWR on February 7th at $15.79. It is currently trading for $20.25.
APWR reminds me so much of when I discovered FSLR at $62.20 and gave it a speculative rating of 1, my highest level of confidence. FSLR just hit a new all time high yesterday of $317 for a gain of 410% from my pick price!
I believe APWR could potentially become the FSLR of wind energy!
From Business Week:
A-Power: Clean Energy in China
A-Power Energy Generation Systems (APWR) is a "green" Chinese company whose Nasdaq-traded stock has been on a tear. Shares of China's largest provider of power co-generation systems have climbed to 17.32 a share, up from 6.15 a year ago. A-Power is also in wind energy. It is building a facility to assemble wind turbines based on technology licensed from European partners. "We visited two of A-Power's generation installations in Shenyang, China, along with the wind turbine site," says Mark Tobin of Roth Capital Partners. They confirmed, he says, the "value proposition" for the power plants and its wind energy business. The stock is undervalued, says Tobin, based on estimated earnings of $1.09 a share in 2008 and $1.39 in 2009. Moreover, A-Power has $100 million in cash and no debt. Another bull is Brian Yerger of Jesup & Lamont, who sees the stock at 25 in a year.
APWR
Here is the upcoming A-Power conference schedule and links:
1. May 15th—Jesup & Lamont conference at Warwick Hotel in New York
2. May 19th and 20th—Brean Murray conference at Waldorf-Astoria Hotel in New York
3. May 23rd—Roth Capital China tour
PROFILE
A-Power Energy Generation Systems, Ltd. designs, constructs, and tests distributed power generation systems to factories and users in the People's Republic of China. It incorporates standard power generating equipment into an integrated system that includes refined control systems to balance power generation with demand. The company also offers automatic control system, which monitors the performance of equipment in the system, including the boiler, turbine, generator, grid supply, demand, and distribution, as well as space and water heating functions. Its target customers include companies operating in various industries, including steel, chemical, cement, food processing, and ethanol; and municipal governments, as well as state-owned Chinese power companies. The company was founded in 2003 and is based in Shenyang, the People's Republic of China.
INVESTMENT HIGHLIGHTS
None available at this time.
GROWTH STRATEGY
MANAGEMENT
Mr. Jinxiang Lu - Chief Exec. Officer
Mr. Guangsheng Meng - Chief Financial Officer
COMPANY CONTACT INFORMATION
A-Power Energy Generation Systems, Ltd.
625 Broadway
Suite 1111
San Diego, CA 92101
Phone: 619-795-4627
RESEARCH REPORTS
A Case for Wind Energy in China - And A-Power Energy (Nasdaq:APWR)
Global Wind energy sector growth continues- APWR climbs
Roth/APWR: Strong 2Q08 Results; Raising Estimates; Introducing BUY Rating and $30 PT
Roth/APWR: Strong 4Q07 Results; Improved Clarity into FY08; Valuation Compelling
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