Raymond James Alternative Energy Analyst Molchanov (Pt. 2 of 2) – A-Power Energy Generation Systems Ltd.
Submitted by EnergyTechStocks.com
Because he only covers alternative energy stocks that trade in the U.S., Pavel Molchanov doesn’t cover many of the world’s leading wind energy companies that trade in Europe. But the Raymond James & Associates alternative energy analyst has found a Chinese company that recently started trading on NASDAQ that he thinks could be a comer.
According to Molchanov, starting later this year A-Power Energy Generation Systems Ltd. will begin a wind turbine assembly business using a new manufacturing facility capable of producing over 1,000 megawatts of wind turbine capacity per year. That’s a lot of capacity but, as Molchanov emphasized, “China is a great wind market,” so he expects the company do quite well.
Molchanv noted that A-Power’s existing business also should continue doing well. A-Power manufactures cogeneration systems that generally serve as onsite back-up power units for Chinese companies that increasingly are afraid to rely on China’ overburdened power grid.
Molchanov said he is presently only one of three analysts who cover A-Power, so the company isn’t yet generally known on Wall Street. A-Power has “a really, really good story,” Molchanov told EnergyTechStocks.com.
A-Power describes itself as the largest provider of distributed generation power systems in China. In addition to entering the wind energy market in 2008, the company says it is focused on “developing and commercializing additional renewable energy technologies.” Yesterday the company reaffirmed its 2008 earnings guidance of $35 million to $45 million.
