Today, PowerSecure (POWR) announced $15 million in new orders across its range of green energy products. The breakdown is $8 million for its smart grid power systems, $5 million for utility infrastructure products and $2 million for LED lighting products. The new business comes from a range of customers and will be recognized as revenue this year. To put the new contracts in perspective, the company has been averaging about $25 million a quarter in … Read the rest
Category Archives: energy efficiency
Microsoft (MSFT) & Toyota (TM) Team Up On Smart Car Telematics
Microsoft (MSFT) and Toyota (TM) announced a partnership today to build a next generation smart car platform using the Windows Azure software platform in Toyota all electric and hybrid vehicles. The on board telematics systems will provide battery charging information along along with GPS and multimedia technologies beginning in 2012. The goal is to provide a complete cloud based system for Toyota customers around the world by 2015 which integrates home energy use for optimal … Read the rest
Powersecure (POWR) Reports Mixed Results, But Record Revenue Backlog & Strong Margins
Powersecure (POWR) reported mixed results last night. The company reported a non GAAP EPS of .02 which includes financials of the recently sold Southern Flow division (which led to a big pop in the stock Wednesday). That EPS number was better than the flat quarter analysts expected, but the company missed just a bit on the revenue side posting $26.5 million vs the analyst estimate for $27.6 million. However, the record revenue backlog of $150 … Read the rest
Ameresco (AMRC) Beats, Guides About In Line, But Shares Suffer
… Read the restAmeresco (AMRC) reported earnings results this morning that beat analyst estimates but traders were clearly looking for more from the company with shares off 10% in early trading. The company reported and EPS of .17/share on revenues of $179 million which was ahead of the analyst estimates for .15/share on revenues of $153 million. I suppose traders are selling the stock after a big run because the EPS number was significantly below the year ago
Orion Energy (OESX) Reports Preliminary Results Ahead Of Obama Visit
Orion Energy Systems (OESX) reported preliminary financial results yesterday and the results were quite good. The company reported record revenues of $29.7 million and a GAAP EPS of .03/share. While that’s a 54% increase in revenues that EPS number was a bit below the year ago quarter when the company reported .04/share. The total backlog increased more than 50% over the year ago quarter.
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The company … Read the rest
Echelon (ELON) Benefiting From China’s Move To Smart Street Lighting Systems
Echelon (ELON) issued a press release today saying that its networked street lighting systems are experiencing rapid adoption in the China market allowing municipalities to decrease their lighting budget while increasing reliability and efficiency. It’s estimated that 40% of a city’s energy budget goes to street lighting so it’s increasingly becoming a focus for local governments.
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“China is an ideal market for networked, smart street lights,” said … Read the rest
Sears Holdings (SHLD) To Use EnerNOC (ENOC) Energy Efficiency System
It was announced today that Sears Holdings (SHLD) will use EnerNOC’s (ENOC) EfficiencySMART system to achieve greater energy efficiency at its corporate headquarters which is a 2010 Energy Star rated facility. EnerNOC’s system combines advanced metering and data analysis software to provide insight into energy usage and recommend changes to reduce energy consumption. Sears expects to cut energy costs by about 8%.
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“We’re helping … Read the rest
Rino Intl (RINO) Continues Plunge After Muddy Waters Research Calls Company A Scam
Rino Intl (RINO) began to really fall off a cliff late in the day yesterday and gapped down this morning to a new 52 week low on heavy volume. The sell off comes as a result of a scathing 30 page research report from a small firm called Muddy Waters Research. Usually, research from small firms go relatively unnoticed, but in this case the firm calls Rino Intl (RINO) a scam, spooking investors and sending … Read the rest
Smartheat (HEAT) Beats & Raises Guidance
SmartHeat (HEAT) posted results after the bell and beat estimates by a bit with an EPS of .34/share vs the analyst estimate of .32/share on revenues of $51.50 million vs the estimate of $50.50 million. While the revenue number represents a 36% jump over the year ago quarter, the EPS number was 6% shy of the year ago quarter, so not a great quarter but a beat nonetheless.
Power One (PWER) Smashes Estimates Again, Soaring 20%
Power-One (PWER) is powering much higher in after hours trading after smashing estimates once again and guiding higher. The company , a leading provider of renewable energy and energy-efficient power conversion and power management solutions, posted record EPS and revenues with an EPS of .40/share on revenues of $314 million. That’s a smashing of the consensus estimate of just .23/share on revenues of $265 million and a big jump over the year ago quarter when … Read the rest