EnergyStockReports.com

October 05, 2010 08:45 ET

EnergyStockReports.com: Bank of America and Merrill Lynch, Morgan Stanley and Credit Swiss Help Chinese Alternative Energy Firm Raise $350 Million, Gain Listing on NYSE

Can Citigroup and Other Major Banks Be Far Behind in Backing Chinese Renewable Energy Sector, and Will They Extend Support to U.S. Players Like Alternative Energy Partners (AEGY)?

LAS VEGAS, NEVADA--(Marketwire - Oct. 5, 2010) - China's Ming Yang Wind Power, a Guangzhou based firm, has obtained listing at the stock exchange in New York. Ming, which is privately owned, raised $350 million last Friday by pricing its 25 million American Depository Shares at $14 each at the NYSE.

Morgan StanleyCredit Suisse and Bank of America Merrill Lynch served as joint bookrunners for the offering, according to the company's press release. Ming's success bodes well for other alternative energy companies, such as Merritt Island, Florida-based Alternative Energy Partners, which is developing made-in-America solutions to the country's energy needs.

In recent days, two other Chinese companies, Xinjiang Goldwind Science & Technology and Trony Solar Holdings, launch initial public offers at the Hong Kong stock exchange.

In total, the three Chinese alternative energy companies raised $1.5 billion in the public markets to fuel their continued growth.

Alternative Energy Partners (OTCBB: AEGY) is focused on sourcing, marketing and distributing a full portfolio of high-performance energy solutions for homes and businesses. AEGY provides on-site solar-thermal energy systems that allow businesses to substantially reduce energy costs.

Alternative Energy Partners recently formed an energy services subsidiary, Elan Energy, to provide installations and maintenance of its on-site solutions. Elan has already announced the acquisition of one energy services firm, Texas-based RLP Mechanical Contractors, and the planned acquisition of another, Xnergy Inc. of California.

The acquisitions are part of AEGY's strategy to acquire multiple revenue-generating energy service companies and extend its reach nationwide.

AEGY currently has a signed letter of intent to acquire a third company that would bring Elan's revenues to $15 million. Get all the latest news on alternative energy stocks, including AEGY, at www.EnergyStockReports.com.

At http://www.EnergyStockReports.com, we track stocks and provide deep, due diligence on companies throughout the equity markets. Our primary mission is to supply investors with winning picks in the microcap and penny stock sectors. Our focus is on stocks that look poised for explosive movement. We invite you to read our free newsletter, "Power Picks," for insight into stocks that fly under the radar of the average Wall Street investment house and have tremendous upside potential.

Take Alternative Energy Partners Inc. (OTCBB: AEGY), as an example. This little-known company has been announcing a steady stream of business-building initiatives, and in recent weeks, we have watched it climb from a low of $0.05 per share to a high of $0.099 in Monday's trading. That's a powerful ROI story – nearly a 100% return on investment.

How does the normal investor see a 100% return on energy stocks? Read the AEGY Power Pick Reports.

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EnergyStockReports.com Disclosure

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