M&A is usually welcomed by investors, but not for every company.
Rumours have not died down about General Electric (GE) take over of A-Power Energy Generation (APWR). Wind turbine deals in North America and China, Biomass electric plants in China and Thailand (six more projects in the pipeline after the first one according to the two parties agreement), its DPG business is picking up, LNG projects in Macau will be completed in 2011, its thin film solar panels are being used in Shengyang government buildings and Chicago government buildings (part of sister city cooperation between Shengyang and Chicago). Assuming an averaging P/E of 20, A-Power should be well above $60 in 2010/11.
Goldwind, another Chinese turbine maker may beat GE.
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