A-Power Soars 8% After Landing $56.6 Million In Contracts (APWR)

Shares of A-Power Energy Generation Systems, Ltd. APWR are currently up 8% at $6.19 per share during Wednesday afternoon trading. The company's stock price soared after it announced that it had signed two contracts worth a combined total of $56.6 million. Today's trading range for shares of A-Power Energy Generation Systems, Ltd has been between $6.01 and $6.25 per share. The consensus price target of analysts covering the company's stock is $15.00 per share. Volume of over 1.8 million shares is already double the daily average volume of 908,000 shares. A-Power Energy Generation Systems, Ltd. (APWR), 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.