Stones River Companies, which Energy Focus (EFOI) recently acquired has received five new lighting contracts totaling $2.5 million. Two contracts are for the upgrade of two universities, involving the retrofit and replacement with energy efficient lighting with the other three contracts for upgrading the lighting at an elementary school, a hospital and several army facilities. The work is expected to be completed by the end of this year.
Category Archives: LED Lighting
Today’s Analyst Ratings Roundup: Upgrades Of SPWRA, ERII, RBCN, ITRI, BWA
Auriga has reversed its call after last week’s selling, upgrading SunPower (SPWRA) from Sell to Hold. “Shares of SPWRA are now trading below our price target of $15 and are essentially 1.0x book value of $14.26.” The firm expects the company’s presentation following its earnings report tomorrow to be optimistically bullish. While demand for solar continues to improve, the still believe that margins will erode due to increasing competition and maintain the $15 price target. … Read the rest
Today’s Analyst Roundup: WFR, FSYS, ORA, ERII, JASO, TSL, ABB, ELON, RBCN
Another wild day and I’m busy watching the market and getting behind on green stocks updates! Lots of analyst rating changes today..
Wunderlich Securities upgraded MEMC Electronic Materials (WFR) from Hold to Buy. Shares of WFR of doing a decent job of holding all time lows despite being hammered after earnings and during yesterday’s market crash. Get a Free WFR trend analysis here.
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Craig-Hallum downgrades Fuel Systems Solutions (FSYS) Buy to Accumulate and slashed … Read the rest
Powersecure (POWR) Reports Strong Quarter, Misses Rev Est; Files Mixed Shelf
PowerSecure (POWR) reported terrific growth after the bell today, but compared to what Wall St was estimating, the results were mixed. The company beat on the EPS side posting a non GAAP EPS of .07/share vs the estimate of .06/share, while revenues didn’t quite meet expectations at $24.7 million. It’s still a great quarter with revenues increasing 25% and EPS increasing 200% over the year ago quarter. However, that was priced into the stock when … 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
Rubicon Technology (RBCN) Beats, Swings To Profit, Expects Record Rev Next Quarter
Rubicon Tech (RBCN) reported strong results after the bell today, beating analyst estimates and swinging back to a quarterly profit for the first time in more than a year. The company reported an EPS of .07/share (.03 better than estimates) on revenues of $11.5 million (800K better than estimates). That’s a big improvement over the year ago EPS loss of .19/share and a big jump in revenues over the year ago quarter when the company … Read the rest
Citigroup Removes Veeco Instruments (VECO) From Top Picks List, But Maintains Buy
As I mentioned last night, Veeco (VECO) reported earnings about inline, but their guidance was extraordinary and it led to a decent gap up open in the stock this morning, despite being way overextended. However, it’s giving it all back due to overall market weakness, profit taking and news that Citigroup has removed the stock from its Top Pick Live list. However, Citi still maintains its Buy rating. Hat tip to Street Insider for … Read the rest
Veeco Instruments (VECO) Reports About Inline, But Shares Surge On Guidance
The LED revolution is treating Veeco Instruments (VECO) kindly as well.. almost as kindly as Cree Inc (CREE). The stock is up nearly 20 fold in just the past year and it’s up another 5% in after hours trading after posting earnings that were ahead of analyst estimates by a penny, while revenues were slightly below estimates. The company reported an EPS of .49/share which is a whopping 323% increase over the year ago quarter. … Read the rest
Green Stocks Central Begins Coverage Of LED Lighting Play Nexxus Lighting (NEXS)
Green Stocks Central also begins coverage of LED lighting play Nexxus Lighting (NEXS).
Nexxus Lighting (NEXS): Nexxus designs and manufacturers LED and fiber optic lighting for landscaping, pool, architectural, signage and commercial lighting applications. It’s a small, thinly traded company that has never posted a profit, but traders have been bidding up the stock in recent weeks on continued optimism for the LED industry. Nexxus isn’t what you’d call a top tier LED company, … Read the rest
Canaccord Adams Presents Its Best Green Stocks Ideas For Earth Day (NLC, RBCN, NCS)
Canaccord Adams provides a few of its best green stock ideas to celebrate Earth Day. Great investments in companies that are leading the green energy revolution. Hat tip to Street Insider for the Canaccord comments.
Their water scarcity pick is Nalco (NLC) and they maintain their Buy rating. “NLC capitalizes on climate change and water scarcity. We find Nalco fundamentally undervalued given powerful long-term secular global growth drivers including climate change and water scarcity. With … Read the rest