Blog > Featuring... > A-Power Energy (APWR) up over 30% on Q4 results
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A-Power Energy (APWR) up over 30% on Q4 results

Today's Financial News - Posted April 9, 2009


With a 93.5% increase in net income for Q4 over the same period last year, this leading provider of distributed power generation systems in China is getting investor attention.

By Laura Cadden, TodaysFinancialNews.com

Baltimore (TFN): The share price for A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR) has risen over 30% this morning on better-than-anticipated results for the fourth quarter.

When I reviewed this company for Hot Stock Confidential Members back in January, management was expecting a net income of $5 million. Instead, their fourth quarter closed with a net income $10 million — that’s 197.8% higher than Q4 2007.

Revenues in the quarter came in at $81.4 million — up 93.5% from the same quarter last year.

Fiscal year 2008 brought in a net income of of $28.5 million. That’s an increase of 87.4% when compared to the year prior.

Revenues for the year came in 73.6% higher than fiscal year 2007 at $264.9 million.

A-Power estimates for 2009 revenue is approximately $290 million. This is significantly lower than the $579.2 million analysts had been predicting.

The company is working hard to ramp up its wind turbine business. It currently has signed contracts with GE, Norwin and Fuhrlander.

Earlier this year, A-Power opened the China’s largest wind turbine production facility.

We remain bullish on this stock.

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Next Article: 2 Small Cap Winners

Posted by Laura Cadden · Filed Under Featuring..., International Investing 

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