A-Power Energy Generation Systems Up 13% (APWR)

Shares of A-Power Energy Generation Systems, Ltd. APWR are currently up 13.2% at $5.83 per share during Monday morning trading. A-Power Energy Generation Systems, Ltd announced on Thursday after the market closed that it had signed an engineering, procurement, and construction contract for a 4x200 megawatt coal-based power generating plant. Chairman and chief executive officer Jinxiang Lu said, "This award further indicates that customers in our distributed power generation business believe that we deliver quality and performance at a competitive price. We are pleased to support Huolinhe Coal in creating this new power generation facility. With a project horizon of about five years, we believe this project will create additional value for shareholders." Today's trading range for shares of A-Power Energy Generation Systems, Ltd. (APWR) has been between $5.51 and $5.89 per share. The consensus price target of analysts covering the company's stock is $15.00 per share. Volume of 1.6 million shares is well above the daily average volume of 975,000 shares. A-Power Energy Generation Systems, Ltd, through its China-based operating subsidiaries, is a leading provider of distributed power generation systems in China and is expanding into the production of alternative power generation systems. Read more from Benzinga's Company news.