A-Power Energy Generation (APWR) Hot and Heavy with Press Releases - Up Another 7%

A lot of news out of this name - press releases both Friday and this AM. As outlined in the original thesis [Jun 27: New Position in A-Power Energy Generation Systems to Create Alternative Energy Mini Basket] this company has a very solid core business, but the investor excitement will really be coming in 2009 and forward as the wind business begins to (ahem) fly. At this point, after quite a run last week, the stock is probably a bit ahead of itself as most of the new data points are positives, but positives for the long run and not changing any of the financials in 2008.

Today, a Memorandum of Understanding to construct a new 290K sq foot turbine facility with capacity of 800 MW

• A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR - News) ("A-Power"), announced today that it has entered into a Memorandum of Understanding with the Bayan Nur city gove