Bliston Asset Management See a Perfect Storm on the Horizon in Asia for Atlantic Wind & Solar Inc.
Bliston Asset Management, the Hong Kong based wealth management firm believes the winds of change are blowing in favor of Atlantic and the timing of their move could not be better, however Bliston see the stock as a "Watch", but just for now.
Wan Chai, Hong Kong, August 17, 2015 (Newswire.com) - Atlantic Wind & Solar, Inc. (OTC: AWSL) Have announced their entry into the South Asia region with the news that they had passed 1 GW of renewable energy projects in their pipeline. This represents a near 100% increase over 2014.
With Asia’s current growth rate expected to continue Atlantic’s future looks assured. Bliston Asset Management currently rate Atlantic as a “watch”. Bliston’s Senior Analyst Stated, “Atlantic Wind & Solar have been monitoring Asia for the past 2 years and see now as the time to invest wholeheartedly. We have been monitoring both Atlantic and the prospects of alternative energy in Asia and concur that the current financial climate in Asia looks very promising over the coming years, with countries like India looking to lead the way”.
However as Atlantic have not given any assurances that it will be able to convert its complete pipeline into actual commercial operations, their management recently stated that they are “committed to moving these projects forward and are pleased with the prospects”. So for now Bliston’s Senior Analyst says “We will be closely monitoring Atlantic’s progress over the coming months and are ready to change the watch into a buy recommendation as soon as we see commitment turning into action”.
Atlantic is in the process of structuring an agreement in Thailand for approximately 230 MW of solar projects, with 90 MW of wind projects also in the pipeline. Over in India Atlantic has approximately 210 MW of solar projects currently being structured. Atlantic believe their 4 years of experience in Asia will hold them in good stead.
Bliston Asset Management’s clients have been put on notice that Atlantic has all the hallmarks of a good investment, but to hold off buying for now.
Atlantic develops renewable energy plants and currently have over 1 GW of projects in varying stages of development in Canada, South America, South Asia and the Caribbean.