As talks of Alternative energy are ever present in the world, Asia is no different and growing very rapidly in this arena. One of the companies that I have been looking into was just profiled Friday on Motley Fool. A-Power Genertion Systems (APWR) fits as an undervalued stock.
Alternative Energy continues to be a hot topic and is gaining traction in the market. Founded in 2003 and working mainly in China, APWR produces distributed power generation and micro power grids as stand-alone facilities to help power the steel, chemical, ethanol, cement, and food industries. They also make automatic control systems to monitor the performance of equipment in the system, including the boiler, turbine, generator, grid supply, and demand and distribution, as well as space and water heating functions. Also, it manufactures and sells wind turbines and equipment for manufacturing PV cells and solar panels. These make it a viable candidate to do extremely well in an emerging market.
As APWR continues to grow it is involved in a JV with GE developing gearboxes that hit the market this past quarter and are finalizing a deal for a wind project in Texas. Keep an eye on this one as it should be trending upward soon!