APWR with a forward P/E of 11 and given NO booked NEW deals as of yet that will certainly UP the estimates!

Using the current estimates provide by Yahoo!
Let us calmly evaluate the recent price increase relative to the current estimates.

Revenues(avg.) $324M/09′ $574M/10′ +77% growth
Earnings(avg.) $0.85/09′ $1.30/10′ +53% growth

So, based on todays’ close of $14.59, the current valuation is…a forward PE of 11.22.

I guess we haven’t gotten too overvalued.

Of course, should the Texas Wind farm of $1.2B get signed or the Macau LNG $1.5B deal get done or the $300M DG Thai deal get signed/approved for 2010 or a few more wind turbine orders come in…we’ll have to re-evaluate.

Just a reality check.

My buddy Hookg provided the math!! Thanks! AMSC is going to do 400 milion year end 2010 and a forward P/E of 35, yep, 11 APWR , 35 AMSC…….I like APWR going forward for the Risk /Reward ratio

the past 3 months prove my point, $APWR is UP 45% in 3 months, $AMSC up 5% in same time frame! Sometimes, its just GOOD to pick a side, explain your position, and your logic to come to the CORRECT CONCLUSION!

APWR target price end of 2010 is $38, AMSC target is $44

happy investing for the future!!! Bring me a “”BILLION”"” deal for APWR and the above numbers can go right out the window, and that $38 price target will be changed!

as the article says, this is “”ONE COMPLEX”"”" issue but NOBODY knows this deal better than ME and USREG and CIELO and Senator Shumer…….. $APWR $14.98 after Hours

On Tuesday, a second Chinese company announced a move to America. Chinese wind turbine maker A-Power Energy Generation Systems(APWR Quote) and private equity firm U.S. Renewable Energy Group announced plans to build a wind turbine production plant somewhere in the U.S. next year. The plant is expected to to be 320,000 square feet and produce 1,100 megawatts of wind energy annually. This is enough to power 330,000 homes. The facility is expected to employ approximately 1,000 American workers. The announced plan calls for 85% of the key wind turbine components to be sourced from U.S. manufacturers, further expanding the number of jobs created in the United States.

U.S. Renewable Energy Group is also partnering with another Chinese company, Shenyang Power Group, to build a planned wind farm in Texas that will cover approximately 36,000 acres. The wind farm will cost about $1.5 billion, with a capacity of 600 megawatts. A-Power is the designated turbine supplier for the wind farm. The Texas project will use about 50% of one year’s production from A-Power’s proposed turbine plant.

The corporate relationships are complex. A-Power is a shareholder in SPG. About 15% of the parts for A-Power’s wind turbines consist of nacelles (gear boxes). These will be sourced outside the U.S., in China. They will be produced in Shenyang by a joint venture between GE Drivetrain Technologies, a unit of GE(GE Quote) and A-Power. So even the 15% of components not sourced in the U.S. have an American connection.

If these announcements are the first of many, the trade imbalance between the U.S. and China could be mitigated over time as more Chinese manufacturing is done in the U.S. This would not only reduce the import burden of bringing all Chinese finished goods into the country, it may also improve the export side of the trade balance as goods produced in the U.S. are sold into NAFTA and Latin America. And, of course, there is more U.S. labor content (and less Chinese labor) in the products made here. There is no question we need jobs.

It is likely that political pressure has accelerated these moves to more U.S. manufacturing, particularly in the case of the wind turbines. The Texas project had been criticized by Sen. Charles Schumer (D., N.Y.) because it appeared to be proceeding with imported turbines.

According to the New York Times, Schumer has welcomed the A-Power announcement.

somethings in the USA we dont understand is the Distributed Power Model of which APWR builds these 10MW – 400MW power stations, APWR is a DPG model with a wind kicker as 100% of past revenues are from the DPG model of China Power. APWR has never ever booked a $1 of wind revenues as of this past quarter. Those wind revenues could easily add 500 Million in 2010 revenues for APWR.

Distributed generation
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Distributed generation, also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or distributed energy, generates electricity from many small energy sources.

Currently, industrial countries generate most of their electricity in large centralized facilities, such as fossil fuel (coal, gas powered) nuclear or hydropower plants. These plants have excellent economies of scale, but usually transmit electricity long distances and can affect the environment.

Most plants are built this way due to a number of economic, health & safety, logistical, environmental, geographical and geological factors. For example, coal power plants are built away from cities to prevent their heavy air pollution from affecting the populace, in addition such plants are often built near collieries to minimize the cost of transporting coal. Hydroelectric plants are by their nature limited to operating at sites with sufficient waterflow. Most power plants are often considered to be too far away for their waste heat to be used for heating buildings.

Low pollution is a crucial advantage of combined cycle plants that burn natural gas. The low pollution permits the plants to be near enough to a city to be used for district heating and cooling.

Distributed generation is another approach. It reduces the amount of energy lost in transmitting electricity because the electricity is generated very near where it is used, perhaps even in the same building. This also reduces the size and number of power lines that must be constructed.

Typical distributed power sources in a Feed-in Tariff (FIT) scheme have low maintenance, low pollution and high efficiencies. In the past, these traits required dedicated operating engineers, and large, complex plants to pay their salaries and reduce pollution. However, modern embedded systems can provide these traits with automated operation and renewables, such as sunlight, wind and geothermal. This reduces the size of power plant that can show a profit.

as some of U know, I follow APWR way too closely and walk a fine line between SANITY and WIND REVENUES for the future………however, from the last Conf Call, Mr Lu , the CEO of APWR lays out the future of a billion in revenues for SOLAR (APWR aquired Japan Eva_Tech out of bankruptcy and has Yulanda, the LARGEST CONSTRUCTION company in the world as a PARTNER for Solar Glass Wall Panels coming late 2010)

Regarding Solar Earnings/Revenues from the last CC 2Q/2009 :

Mr. Lu :

And also, if this technology can be applied to the curtain glass wall in the future as building integrated products, then before
(inaudible) say the gross margin is 30%. After it is applied to the curtain glass wall it can be further improved, the margin, by
another 10%. So the total will be 40% gross margin.

…..

And also we have good partner, this is called Shenyang (inaudible) group. And for all of these products by acquisition of EVATECH the future products will be applied to the curtain wall which I just mentioned because for Shenyang (inaudible) Group, they are the number one, (inaudible) number one curtain glass wall producers. And the *** total annual sales can reach as high as $1.5 billion. *** (add: 40% Margins)
So by partnership with Shenyang (inaudible) Group, the products from this EVATECH acquisition will be just to have a very
broad range of use to the building material and also, meanwhile, this solar energy technology can be integrated into our DG
business as a complete, just a service [launch] to the customers.
And also just to say, we are very certain that we can get a [partner] from the Liaoning Province government for sure for this
project because the governor of Liaoning Province has witnessed the ceremony of this project and also witnessed the whole
development for such acquisition to be a success. And I do think that this low-cost acquisition will bring a lot of future — generate a lot of future benefits to our investors.