Comverge (COMV) reported a wider loss of .41/share this morning, 5 cents worse than Wall St estimates. Revenues were also lighter than what Wall St anticipated at $13.4 million (estimates called for $16 million). With revenues increasing 16% over the year ago quarter and MW under contract increasing 15% I would have liked to have seen a much better EPS number, so all in all, a disappointing quarter out of COMV which is expecting in … Read the rest
Category Archives: demand response
Echelon (ELON) Beats, But Flat Over Year Ago; Files Mixed Shelf
Today reminds me why I don’t particularly enjoy earnings season.. it’s a heckuvva lotta work keeping up! Echelon (ELON) reported today too and beat Wall St estimates by a decent margin. They reported a non GAAP loss of .18/share on revenues of $18.1 million. While that beat estimates of -.33/share on revenues of $16.37 million, it’s basically a flat quarter over the year ago quarter.
The company is issuing guidance. They see revs at $24 … Read the rest
Analyst Roundup: Buy EnerNOC (ENOC), Sell Evergreen Solar (ESLR)
A few analyst notes to tell you about this morning on EnerNOC (ENOC) which reported earnings last night and Evergreen (ESLR) which reported uninspiring results two days ago. Clearly, these companies are heading in opposite directions and the analysts agree. Hat tip to Street Insider for the following analyst comments.
Both UBS and Citi maintain their Sell ratings on ESLR. UBS lowered the price target to below a buck at .90 and the FY10 EPS … Read the rest
EnerNOC (ENOC) Beats & Raises Guidance
EnerNOC (ENOC) reported results after the bell that were stronger than Wall St forecasts. The company posted a narrower loss of .41/share vs the estimate of .69/share loss on revenues of $28.1 million which beat estimates by about $2 million. That’s a nice beat and considerably better than the year ago quarter when the company posted a loss of .48/share. Revenues increased 53% over the year ago quarter. I’m not sure the results were strong … Read the rest
Friday’s Analyst Roundup: AIXG, RBCN, ENOC, BWA, MXWL
It’s always a real challenge to keep up during earnings season and I burned out a bit by Friday. I’ve got a bit of catching up to do today and I start with Friday’s analyst alerts. Hat tip to Street Insider for the analyst comments.
A couple calls on Rubicon Technology (RBCN), the emerging LED play, following its earnings report last week…
Canaccord Adams reiterated a Buy and raised the price target from $30 … Read the rest
NV Energy to Continue Partnership With Comverge (COMV)
NV Energy just announced that it has extended its partnership with Comverge. Under the agreement, Comverge will keep managing NV Energy’s 143 MW smart grid ready demand response program, which is currently the biggest in the country. Â Comverge will also add an additional 12 MW of capacity to the program. Comverge will also provide NV Energy with SuperStat(R) programmable communicating thermostats and will continue to explore additional demand response technologies to ensure that NV Energy”s … Read the rest
Brean Murray Bullish On Smart Grid Stocks (AMSC, ENOC, ITRI)
Brean Murray is out with a bullish call on the smart grid sector this morning and believes that with healthcare reform out of the way, the government will return its attention back to energy and energy efficiency. Hat tip to Street Insider for the following analyst comment.
“…With (Fed’s) funding checks expected by the second half of 2010 accelerating smart grid deployment projects, and an expectation for increased federal attention back toward energy and efficiency … Read the rest
State Of Massachusetts Deploys EnerNOC (ENOC) Energy Management Solutions
On Friday, it was announced that the state of Massachusetts chose the EnerNOC (ENOC) Enterprise Energy Management System to help reduce energy costs at nearly 500 state owned facilities. The initial 3 yr project aims to reduce energy costs by 5 – 15% and save up to $10 million a year when fully deployed.
EnerNOC will deploy its SiteSMART, SupplySMART and CarbonSMART suite of energy applications across office buildings, universities, prisons and hospitals providing real … Read the rest
Exelon (EXC) Subsidiary PECO Selects Comverge (COMV) Demand Response Solution
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Exelon’s (EXC) PECO subsidiary in Pennsylvania has selected Comverge’s (COMV) Apollo Demand Response Management System to meet energy efficiency targets required by Pennsylvania Act 129. For the next 3 years Comverge will provide full turnkey services including call center services and includes the installation of nearly 150K energy management devices. This will be largest demand response deployment in Pennsylvania. PECO was one of the six recipients of … Read the rest
EnerNOC (ENOC) Targets Small Commercial Demand Response With SmallFoot Purchase
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EnerNOC (ENOC) is doing a bit of shopping and has acquired Colorado based SmallFoot LLC to target the smaller scale commercial demand response market. Integrating SmallFoot’s technology will help EnerNOC reduct DemandSMART deployment costs at these sites and help open up new opportunities.
Smart move from ENOC. Small commercial sites make up 90% of facilities and consume 40% of the power according to the Energy Info Administration. … Read the rest