Power One (PWER) reported relatively strong results after the bell today beating analyst estimates on both the EPS and revenue side. The company reported an EPS of .21/share on revenues of $267 million vs the analyst estimates of .14/share on revenue of $239 million. However, the numbers are still significantly below the year ago quarter of .38 in EPS and $366 in revenue.
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“In 2011, … Read the rest
PowerSecure (POWR) announced today it has landed a new contract worth $20 million over the next two years. The contract calls for transmission and distribution construction as well as maintenance services for two divisions of a major public company that was unnamed in the release. A third of the revenue will be recognized in 2012 and the remaining the following year.
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Sidney Hinton, CEO of PowerSecure, … Read the rest
Energy Focus (EFOI) has been awarded $2.5 million in efficient lighting contracts it was announced after the bell today. The contracts are for retrofitting at a Fortune 500 firm as well as a large school system in the SE United States. The company is currently procuring the materials and overseeing the installations.
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Joseph Kaveski, CEO, Energy Focus, Inc. commented: "I am encouraged by the … Read the rest
PowerSecure International (POWR) is having a great morning gapping up off a bottom and up nearly 20% after the company reported results that were way ahead of analyst estimates with the company swinging back to a quarterly profit after posting breakeven results last quarter and a loss in the year ago quarter.
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The company reported a non GAAP EPS of .05/share on revenues of $38 million … Read the rest
Not a good earnings report out of Power-One (PWER) last night. The company missed on both the top and bottom line posting a non GAAP EPS of .16/share (vs the estimate for .19/share) on revenues of $245 million (vs the estimate for $248 million). That’s a significant drop over the year ago numbers when the company reported .40 and $314 million respectively. It doesn’t get better next quarter. The company is guiding below the … Read the rest
After the last earnings report out of Itron (ITRI) I mentioned that I didn’t think the bottom was in and that the $45 level was looking like the next level it needed to test. Shares did test that level and ultimately through there as well, dropping below $27. You have to go back to 2005 to see those levels. A few months later, I believe the bottom is close particularly after today’s high volume surge … Read the rest
LSI Industries (LYTS) reported after the bell tonight, missing analyst estimates. The company reported an EPS of .06/share on revenues of $75 million which compares with the analyst estimate of .11/share on revenues of $76 million. CEO Robert J. Ready blamed the earnings miss on less federal tax credits and an increase in local income taxes. Despite the miss, the company still posted nice quarter over quarter EPS and revenue growth of 50% and … Read the rest
If you look at the mainstream financial headlines of the Itron (ITRI) earnings report tonight you’ll be led to believe that the company beat both on the top and bottom line by a wide margin. Unfortunately, most mainstream news outlets don’t use the non GAAP number and back out one time gains and losses. So, yes headlines can be misleading in this industry. Let’s set the record straight. Itron (ITRI) posted a solid quarter no … Read the rest
Perhaps all the concerns about a renewable energy slowdown and concerns in Europe were priced in because despite missing analyst estimates of .21/share by posting .20/share, shares of Power One (PWER) are popping today about 10% with heavy volume. The company did beat analyst estimates on the revenue side with $244.5 million (vs the estimate for $241.8 million).
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CEO Richard Thompson commented on his new … Read the rest
Shares of Energy Focus (EFOI) got an early bump yesterday on news the company recently landed $3.4 million in new contracts from school districts, county government and a Fortune 500 company. EFOI is in the process of procuring the materials for the retrofits and overseeing the installations.
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Joseph Kaveski, CEO, Energy Focus, Inc. commented: "As I commented in our year end investor call, I am … Read the rest