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After spending most of the past year at nothing better
than a four-star
rank, enough top-performing CAPS members have turned
bullish on China-based
A-Power Energy Generation Systems (Nasdaq:
APWR) recently to upgrade it to the highest rating possible
–
five
stars. A total of 660 members have given their opinions
on the renewable energy company, with many of them offering
analysis and commentary explaining the recent optimism.
China is on the verge of overtaking the U.S. as the
largest energy consumer, and many CAPS members expect
A-Power to play a role in the rapid growth as the country
adds a massive amount of electricity-generating capacity.
While U.S. growth in wind energy could be a boost for
companies such as
Zoltek (Nasdaq: ZOLT) and
Xcel Energy (NYSE: XEL), China has
big wind plans of its ownthat could benefit A-Power. The
young company has begun securing customers for its wind
turbines and expects its joint venture with
General Electric's (NYSE: GE) GE Drivetrain
Technologies to begin trial production by the second half of
next year.
Investors
got revved up recentlyover a $90.5 million contract for a
wind farm in Mongolia, and the company plans to begin work
next year on a $1.5 billion offshore liquefied natural gas
project for Macau Natural Gas. And like Chinese solar players
such as
LDK Solar (NYSE: LDK),
Suntech Power (NYSE: STP), and
ReneSola (NYSE: SOL), A-Power looks to
capitalize on China's solar subsidies. The company recently
agreed to buy Japan thin-film solar company Evatech, which is
expected to start adding revenue by late next year.
Do you think A-Power deserves its top star status? Add
your thoughts in the comments box below on this page, or head
over to CAPS to
rate the
companyand check out all the information and opinions the
community offers. CAPS is totally free.
This article was originally published as
A Big Upgrade for A-Power Energy Generation Systemson
Fool.com
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