Topic: How To Invest

Hi Pat, Could I get your opinion on A-Power Energy Generation? They have been landing contracts, and are in the green power business. Thank for your help.

Article Excerpt

A-Power Energy Generation Ltd., $19.11, symbol APWR on Nasdaq (Shares outstanding: 33.7 million; Market cap: $644.1 million) mainly designs and builds distributed-generation power systems and micro-grid networks. These supply electricity and heat to factories and rural towns in China. China’s electrical-distribution grid has had trouble keeping up with the country’s economic growth. Blackouts have increased as a result. This helps A-Power sell its systems, because they’re more dependable than China’s power grid. To date, the company has installed 17 of its systems. It is currently building 17 more. A-Power is also expanding into wind power. In January 2009, it opened a new plant in Shenyang that is China’s largest wind-turbine producer. A-Power licenses its turbine technology from two well-established wind-power companies: Germany’s Fuhrlander AG, and Denmark-based Norwin A/S. That keeps its research costs down. A-Power also has a joint venture with GE Drivetrain Technologies (a division of General Electric Co.). This firm makes wind-turbine gearboxes in China. The company has already…