Two heavy hitters are collaborating, bringing their smart grid technologies together to reduce the cost and complexity for utilities to deploy smart meters. Itron (ITRI) and Lockheed Martin (LMT) announced today that they will integrate Lockheed’s SEEload Demand Response Solution with Itron’s smart grid platform bringing together Itron’s smart grid expertise with Lockheed’s security, command and control and integration expertise.
Itron VP Philip Mezey commented: “Fostering the … Read the rest
Comverge (COMV) reported a non GAAP EPS of -.02/share this morning which is slightly more than the analyst estimate of a .01/share loss. Revenues matched analyst estimates at $40.8 million which is a record for the company. While revenues increased 18% over the year ago quarter, the company did report a .28/share profit a year ago and the company said that historically, its 4th quarter is the best due to recognition of their Virtual Peaking … Read the rest
EnerNOC (ENOC) beat low expectations after the bell today, but the company swung back to a big quarterly loss by posting a .50/share loss (analysts expected a .65/share loss). Revenues were a bit better than expected and higher than the year ago quarter, but a fraction of last quarter’s huge revenue surge at just $26.7 million. Given the run this stock has had, an earnings beat just isn’t gonna cut it and the stock … Read the rest
You knew the downgrades were coming on Echelon (ELON) after yesterday’s very weak guidance and Piper Jaffray is one. The firm is downgrading the stock to Neutral and lowering the price target to $8 from $11. Hat tip to Street Insider for the following analyst comment:
“We downgrade shares of ELON to Underweight following disappointing 2010 guidance, continued lack of revenue visibility, and pushout of profitability. ELON beat on the top and bottom line with … Read the rest
Echelon (ELON) came close to posting its first profitable quarter in about five years and beat Wall St estimates by a good margin after the bell today, but the stock continues to get battered after hours after the company guided much lower for next quarter. The company reported a non GAAP EPS of zero while analysts expected a loss of .17/share. Revenues came in ahead of estimates as well at $38.8 million (vs estimates of … Read the rest
Comverge just announced that it has expanded its existing contract with Pepco Holdings, Inc. Under the new contract, Comverge will provide full support to more Pepco Holdings territories. Comverge will provide marketing, installation and call center services for its Apollo Demand Response Management System and will install more than 40,000 home energy management devices. Comverge will also provide its Dual Mode Digital Control Units and SuperStat PRO™ programmable thermostats.
Jim Cramer has a good history of recommending stocks that are well overbought and he’s adding another one. Last night on his Mad Money show he recommended a few smart grid plays – Itron (ITRI), Cooper Industries (CBE) and Telvent (TLVT). I have long highlighted ITRI as the best and safest way to play the smart grid long term and it remains in a firm up trend. CBE is an interesting pick and one that … Read the rest
EnerNOC (ENOC) is adding another 25MW to its existing contract with the Ontario Power Authority for demand response services. EnerNOC has been working with the OPA since spring of 2008 and the results have been very good.
Said Cliff Poyton of the OPA, “EnerNOC has performed well, delivering over 100 percent of contracted capacity on average in our DR3 Program events in the past year, and we look forward to the continued success of this … Read the rest
I’ve been wanting to do this for a long time and finally decided it was time to send it to the top of my “to do” list. The new Smart Grid Stocks section is now finished and live. You can now access the smart grid tracking page from anywhere in the main navigation header above. I believe investing in the smart grid pure plays will be one of the most profitable trades in the coming … Read the rest
I meant to get this news out sooner.. you know how it goes. Lots of green stock news these days and at times I have to get what I feel is the most important news out first. EnerNOC announced yesterday that they purchased privately held Cogent Energy to bolster their monitoring based energy efficiency business. Essentially, the purchase allows them to expand the business of helping businesses get more energy efficient by monitoring their use. … Read the rest
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