8 Nov
some of U might wonder WHY I am so HIGH on APWR going forward………well, there are two main reasons, the GE joint venture on the worlds largest gear box plant for all of ASIA for GE and the investment and awards coming from the Chinese government to Shenyang Power Alliance
1200 units x 700k ea = 840mil /4 = 210mil in approx rev. or 20mil in income /40mil shares = .50 eps x 20 multiple = $10 bump per share..
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The JV, which is 25% owned by us and 75% owned by GE, has received approval from local government authorities and an existing plant, about 10 minutes’ drive from A-Power’s existing wind turbine assembly facilities in Hunnan New District in Shenyang, has been selected and remodeled to house the JV’s gearbox production lines. It is currently in the equipment testing stage and we anticipate that commercial production will begin in August 2010 and the designed annual capacity will be 1,200 units.
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