A-Power Energy Generation Systems Up 5% In Pre-Market

A-Power Energy Generation Systems, Ltd. APWR is up around 5% in pre-market trading after the company announced a $32.5 million contract with contract with Hainan Century Light Investment Co. to build a straw-based biomass power plant in Baisha. Mr. Jinxiang Lu, A-Power's Chairman and CEO commented, "We are pleased to announce this new contract which will generate additional revenues and profits over a relatively short period of time." Shares of APWR at last check were up 24 cents to $5.10, a gain of 4.9%.