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What: China Ming Yang Wind Power
So what: Revenue was up 543% to $222.1 million, and earnings per share were $0.25 versus a loss last year. The wind turbine manufacturer is seeing high demand and has built a backlog of 1,331 units as of the end of the quarter.
Now what: As European wind turbine manufacturers continue to struggle, it is apparent China is the new epicenter for wind turbines. These results only solidify that evidence, and it looks like these positive results will continue. The stock has pulled back in trading later in the day, so I think the market is leaving us a great buying opportunity today.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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