June 18, 2008 – A-Power (Nasdaq:APWR) broke out on volume over the past couple sessions which bodes well for setting an entry point into the $30 level in the coming weeks. We remain bullish on the company, whose stock is up 26% since we first wrote about it on May 16. The fundamentals for the business are compelling, with more than $90 million in cash, a backlog of about $700 million, and income guidance to come in around $35 million to $45 million in 2008. It is well positioned across its business segments (energy management/NOx reduction and wind) in China and the secular trends driving growth are more compelling than ever. Our 2008 trading range target for the stock remains $32 to $42.

Disclosure Note: SCPEditor is long APWR.

A Power was on fire this week! Closing in on the targets.

Amen! Great pick!

APWR great sector to be in right now.. nice post!

Well, seems like it was a good spike up to 28$ in June and now it’s around 25$ today. If this is projected to go long, then it is still a decent price to get into today. It peaked at 30$ around the same time this month as last month though, I wonder why that is.