China Tracker - Details for A-Power Energy (APWR)

 A-Power Energy
Shares Outstanding (MRQ): 46.29 mill 
New Shares / Dilution (TTM): 11.73 mill33.95%
Cash (MRQ): 168.24 mill0.00%
Account Receivables (MRQ): 43.58 mill0.00%
Account Receivables (Q/Q): + 4.14 mill10.49% 
Long-Term Debt (MRQ): 8.34 mill0.00%
Revenue Growth (Q/Q): -24.38% 
Revenue Growth (Y/Y): -40.68%
Net Income Growth (Q/Q): 112.34% 
Net Income Growth (Y/Y): -76.08%
EPS Growth (Y/Y): -82.15%
Net Margin (Q/Q): 4.1% (1.5%)2.60% 
Net Margin (Y/Y): 4.1% (10.2%)-6.10% 
EPS | P/E (2 MRQ Projection): $0.150.00 
CFPS | P/CF (2 MRQ Projection): $0.290.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Simon & Edward
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $0.900.00 
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: Other on 2008-01-18 
Uplisting to Senior Exchange: on 2008-01-22 at $12.60 (-100.00% since Uplisting)

 Business Outlook

COVERAGE TERMINATED (Going Dark)
Recent Chain of Events:
2011-11-08 -- Last SEC Filing
2011-10-04 -- Auditor Change
2011-09-26 -- Delisting from NASDAQ
2011-09-15 -- Auditor Engagement
2011-08-17 -- Receives SEC Subpoena
2011-07-05 -- CFO Change
2011-06-27 -- Trading halted by NASDAQ
2011-06-26 -- Auditor Resignation
2010-12-01 -- Last Quarterly/Annual Report: Q3/FY2010 ended September 30, 2010

(Source: Trading China, 2012-09-30)

On August 17, 2011, the SEC served the Company with a subpoena for documents in connection with its investigation. The Company is committed to cooperating with the SEC. The Company cannot predict the timing or outcome of the investigation.

(Source: PR Newswire, 2011-08-18)

A-Power Energy Generation Systems today announced that its independent auditor, MSCM LLP, has resigned. In its letter to the Company dated June 26, 2011, MSCM stated that it had resigned because the Company had not retained a qualified independent forensic accounting firm to evaluate certain business transactions that MSCM stated was necessary for MSCM to complete its audit of the Company's financial statements for the year ended December 31, 2010 on a timely basis.

In light of MSCM's withdrawal, A-Power and members of the Audit Committee of the Board of Directors will be meeting with other qualified independent auditing firms. The Company will announce its new independent auditor after the Audit Committee has selected a firm and an audit engagement contract has been entered into between the Company and that firm. As a result of MSCM's resignation, the Company's annual report on Form 20-F for the year 2010 will be delayed beyond June 30, 2011, the date the filing is due at the Securities and Exchange Commission. A-Power greatly regrets this delay and will work as rapidly as possible with a new independent auditor to complete the audit of its financial statements for the year 2010 and to then file its annual report on Form 20-F.

(Source: PR Newswire, 2011-06-27)

    see all Business Outlook notes

 Analyst Coverage (show more)
2010-11-15Raymond JamesDowngradeMarket Performn/a
2009-08-21OppenheimerInitiationOutperform$17.00

APWR is currently followed by 2 analysts. 1 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating.

APWR
Clean Energy
SCORE
-5
UNDER REVIEW
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for APWR
Current Price:  n/a
F10k Day (2008-01-18): -100.00%$12.60
2009 Close: -100.00%$18.29
2010 Close: -100.00%$5.46
2011 Close: -100.00%$0.30
High (2012-02-15): -100.00%$0.71
Low (2012-08-01): -100.00%$0.08
Exchange:
Market Capitalization: n/a
Total Shares: 46.29 mill
Float: n/a
Avg Volume: 880.50 k
Short Interest: 2.23 mill
Short Ratio: 6.33%2.5 d
Last Quarter: 2010-09-30
Revenue (MRQ): 57.33 mill
Net Income (MRQ): 2.36 mill
Op. Cash Flow (MRQ): 3.49 mill
all financial data provided without warranty