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Creating an Alternative Energy Mini-Basket

 Jul 01, 2008 12:41 AM UTC
Symbol Sentiment Start Return Closed
APWR Positive 07/01/08 +9.35% 07/09/08
AMSC Positive 07/01/08 -30.55% 08/29/08

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

I'm trying to build a 3 position basket of "alternative energy" <!---->(non-solar) names. I started this basket with a small stake in American Superconductor (AMSC) which I actually added a bit to here as it pulls back to $36 and fills a gap from June 9th. [Jun 12: Starting a Beachhead in American Superconductor (AMSC)]


I am adding A-Power Energy Generation Systems (APWR). Here is a generalized description
A-Power
Energy Generation Systems, Ltd., formerly Chardan South China
Acquisition Corp., through its PRC operating subsidiaries, is the
largest provider of distributed power generation systems in China and
will enter into China’
s
wind energy market in 2008. The Company is also focused on developing
and commercializing additional renewable energy technologies

This company moved to the NASDAQ Global market
on Jun 2, 2008, and is actually followed by a few smaller brokerage
houses; therefore I can conclude it's not a complete scam ..
something I worry about with any tiny far flung Chinese name. At a
market capitalization of about $800M at today's prices, it's far smaller
than our average fare and I believe either the 2nd or 3rd smallest
current holding.


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kramth   N/A     1 point   commented 200 days ago reply

got in at 5.00


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