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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1239)10/14/2009 10:20:24 AM
From: Jibacoa  Read Replies (1) of 1404
 
APWR is moving up some on news.<g>

The stock has traded as H as $11.80. Volume is still < half the ADV. Will see if the stock is able to close above the $12 level.<g>

bigcharts.marketwatch.com

It announced today that it has won a "full-responsibility" contract to develop a 19.5MW wind farm in the Donggang, Rizhao City of Shandong Province in Eastern China, for the Shandong subsidiary of Datang International Power Generation Co. The total value of the contract is $36.2M
The project is due to commence November this year and the estimated completion time is November 2010.

The problem with APWR is that it has reported lower revenues and earnings in the first 2Qs. The EE for 2009 are around $0.85 vs. the $0.94 it earned in 2008 It seems the pending 3rdQ results still won't look good by comparison, but for 2010 the EE are around $1.30 so things should start looking better after it reports results for the 3rdQ.<g>

If the general market keeps acting well, I will put a 'target' for APWR around $18 The ACTAY is $14.17

bigcharts.marketwatch.com

Bernard
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