+ Watch APWR
on My Watchlist
The company provides distributed power generation systems and micro power grids for industrial companies, and manufactures wind turbines.
Usually very large catalysts take a few days to settle and I propably upthumbed A-Power on it's 25% down day a little early. A-Power announced a VERY large decline in earning and lowered it's forcasts. The issue is broad when you consider that they are China based as China Based companies are challenged by a few of their peers being accused of outright fraud on their books. This means that A-Power's large cash holding of $172 Million, well above current book value, cannot be trusted as a backstop to the $1 Million loss they reported this quarter. Apower has drifted from near $20 per early in the year to sub-$5 after today's trouncing. I won't write off A-power completely as some investors are doing, but it may take some time to snap back and I may be early in my start price.Wind Power turbines remain uncommitted and power connector sales erratic. A large Wind Power order, 615MW is Texas, is on the edge of being either real or cancelled as financing is being sought. A-Power reported a $279 Million Dam project in China over 6 years. While this will come in slowly, it confirms (to me) that A-Power is able to earn large contracts. Uncertainty is a stock killer. Potential, however of a large order that would send A-Power up substantially makes the risk reward reasonable.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions