McGahn has stated that JCNE is similar in fashion to Inox. They developed their own farms and now they are in the process of selling turbines to other developers. Being that small and (not so famous) like the rest of the big players that are always in the news, I doubt newscaster even know that JCNE exists.
To prove your point that AMSC design is lacking in quality, you will need to come-up with quality news other than Sinovel's. AMSC had several customers at one point and they were all installing turbines. Until then, your postings are worthless.
It does make you wonder! on a second hand, i have read that Inox turbines are one of the best out there. Assembling a turbine together has a lot to more than just the design, and given Sinovel's bad record, (crane kills own people while erecting turbine.....), i would think that their bad workmanship has more to do with it than the design.
Everyone is a great critic after the fact, watch how everyone is so smart telling how it should have been done. The moment of being done what counts, and the result of that moment is never guaranteed, but the know-it-all are always there to open their mouth.
The current management may not be the best management of all corporations, but given what they have inherited and given the large steaks involved, I am more inclined to assume that their decisions are the "best" at the moment.
I think it is fair to say that all the mess AMSC is in is from its residue from the old CEO. Looking back at every disaster headline, it all has to do with what the old management has put in place. Let's hope this is the last of the mess clean-up that this CEO inherited.
I think you are mixing up the arbitration case vs the litigation case. The stolen IP and its damage will be a litigation case and the monies AMSC is asking for as compensation is what pretty much you are analyzing (goods sold by Guotong with AMSC stolen property). Arbitration is strictly contract related items and not financial damage case from stolen property. The arbitrators will be listening to the broken/unfulfilled contract and to the unpaid monies for delivered goods. Certain details are missing, I am sure.
According to my limited understanding of laws and lawyer-ship, cease & desist is never retroactive, it will be effective the date is issued. This date will be the court order and not the date was filed as a lawsuit. I am not a lawyer, so take it with a grain of speculation.
There is this mentality of "OZ behind the screen making the plays". People tend to make way too much out everything and a big propaganda is always in play.
China doesn't care about Sinovel, I am sure it isn't even a fly on a screen, never mind the master plan of what China wants Sinovel to do that everyone believes.
Just think of our congress worrying about a company that broke the law against another company! their reaction is "what" who has time for this when I have to deal with much bigger picture.
All about the courts, and I am sure indirectly the Courts are told of some level of fairness and judgment, but to make it look like it is a grand scheme against AMSC by China - just making too much out of nothing.
AMSC press plainly about the court decision and that court decision has nothing to do with the timing and trying to prep up the stock price for additional dilution (as per your analysis). Again the courts don't give it a hoot about AMSC stock price....
Well, it just got clarified, so I think a little time is not unreasonable. I am just as impatient at this point too.
I noticed that they are way too careful in their press releases not to say anything that is not defendable in a court, their press releases are more tailored to lawyers than to investors... cant blame them since they are more about law cases than business updates.
I recall them saying that the arbitration case is pretty much waiting for the jurisdiction case to finalize. Now it is a sure thing that the arbitration case and the litigation case are two separate cases, and going forward I would assume that the arbitration case is no more being held up with the jurisdiction outcome, I would expect to hear a decision soon. They have mentioned that the arbitration case was very favorable and things looked good at the time! who knows!!
Generally speaking, government contracts take roughly 3 months to execute. In this case it will be wise to not expect anything until towards the end of the year. It is certain that the company will not announce anything until the contract is signed and executed.
"Indian wind turbine manufacturers and project developers have been advised by the government to make efforts to increase annual capacity addition to five times its current level, a leading Indian newspaper has reported.
The new Indian government is looking to promote aggressive investment in the wind energy sector after it re-introduced financial incentives in this year’s budget. The current rate of annual capacity addition is around 2,000-3,000 MW. The government has restored the accelerated depreciation tax benefits in addition to the existing generation-based incentives with a hope to rekindle growth in the sector....."
"...Some wind energy companies, like ReNew Power and Inox Wind, are also planning initial public offers to raise additional funds to boost capacity."
"....AMSC reiterates its full year fiscal 2014 expectation of flat to slightly down revenues as compared to fiscal 2013....."
This statement is more exciting than the added backlog from Inox. Looks like our fortune is turning for real.
Here is the announcement:
This is a synopsis/pre-solicitation notice for non-commercial supplies. It is the Governments intention to award a Firm Fixed Price (FFP) contract to American Superconductor.
The Naval Surface Warfare Center Carderock Division (NSWCCD) Philadelphia has established a requirement for High Temperature Superconducting (HTS) Degaussing equipment.The HTS degaussing system consist of HTS cables with quick disconnect terminations, cryogenic refrigeration systems, cryogenic transfer lines, power supplies and system level controls that must be integrated into the existing American Superconductor proprietary system.
The Government intends to solicit and negotiate with only one source under authority of FAR 6.302-1. Interested persons may identify their interest and capability to respond to the requirement or submit proposals. This notice of intent is not a request for competitive proposals and does not constitute a solicitation. However, all proposals received within fifteen (15) days after the date of publication of this synopsis will be considered by the Government. A determination by the Government not to compete this proposed action based upon responses to this notice is solely within the discretion of the Government. Information received will normally be considered solely for the purpose of determining whether to conduct a competitive procurement.
For questions regarding this announcement, please contact Thomas Coletti, via e-mail at: firstname.lastname@example.org. Phone calls will not be accepted.
I wonder if the news from NJ is the driving factor for the rise today.
I see that NJ has passed a legislation for the establishment of ERB - Energy Resilience Bank
"...The ERB would support energy infrastructure projects that lack funding and support projects that incorporate energy technologies that are resilient in order to allow infrastructure to continue to operate even if the larger electrical grid fails. To the extent possible, the ERB would leverage limited federal dollars with state funding and private sector capital to maximize energy resilience at the most critical of facilities using microgrids, for instance. The plan also said that the bank will provide the resources New Jersey’s critical facilities need to invest in fuel cells, combined heat and power, solar with storage and other technology that will better prepare police and fire stations, among others, for future weather events..."