APWR reports Q208; stock sells off; on watch; listened to conf call
Pavel Molchanov, the analyst from Raymond James asked about sourcing issues & gross margins coming Raymond James reiterated their strong buy and a target of $32: We reiterate our Strong Buy rating and $32.00 target price, based on a ~16.5x multiple to our new 2009 EPS estimate, which we believe is warranted given our view that the company can achieve three-year compounded EPS growth of at least 25%.
A-Power Reports Financial Results for the Three and Six Months Ended June 30, 2008 & Reaffirms 2008 Earnings Guidance Monday August 25, 8:00 am ET Highlights -- Revenue for the first six months of 2008 increased to $98.1 million, up 37% from the same period in the prior year -- Net income for the first six months of 2008 increased to $9.1 million, up 18.6% from the same period in the prior year -- Cash position of $91.2 million as of June 30, 2008, up from $35.8 million at the end of 2007 -- Backlog of approximately $650 million as of August 20, 2008 -- Reaffirms 2008 earnings guidance of $35 to $45 million http://biz.yahoo.com/bw/080825/20080825005409.html?.v=1
safest entry will be a break above the ema8 next week after the momentum players are done selling
A-Power Signs an MOU to Construct a New 290,000 Square Foot Wind Turbine Production Facility in Inner Mongolia - Local Government Agrees to Promote A-Power Turbines and Generate Orders Monday July 14, 9:15 am ET http://biz.yahoo.com/bw/080714/20080714005563.html?.v=1
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