Tag Archives: SRE

Esco (ESE) Soars, Itron (ITRI) Plummets On News Esco May Win Sempra Energy (SRE) Gas Smart Meter Contract

Sempra Energy (SRE) will soon make an announcement as to which company will win the estimated $400 million smart meter contract.  It had been thought that Itron (ITRI) would win the contract, but today Esco Technologies (ESE) announced it was selected by Sempra for “negotiation of a definitive agreement”. 

RBC Capital Markets analyst Stuart Bush called the move unusual and said it implies Esco has a leading position in negotiations.  Stifel Nicolaus analyst Jeff Osborne … Read the rest

California Approves Deal Between P G & E (PCG) First Solar (FSLR) And Sempra Energy (SRE)

California regulators have given the go-ahead for a deal that will allow P G & E to buy power from the 48 MW solar power project that First Solar and Sempra Energy are building together near Boulder City, Nevada. Now that everything has been approved, construction should start next month and the facility should be completed late next year. It will be an add-on to a 10  MW plant previously built by First Solar and … Read the rest