PowerSecure (POWR) has announced some new contracts this morning to the tune of $10 million for its Interactive Distributed Generation® (IDG®) smart grid power systems (making up $7 million), and LED lighting products (making up $3 million). While the IDG systems will be installed across a wide range of customers, the LED lighting contract consists of primarily one order from a major US retailer which wants to retrofit refrigerate cases with LED … Read the rest
Category Archives: smart grid
EnerNOC (ENOC) Plummets On COO Resignation, Billing Concerns
Shares of EnerNOC (ENOC) were hammered late last week after news hit that the COO resigned amid billing concerns related to demand response market manipulation. According to Reuters, the company may have fattened revenues on the books with a loophole known as double counting. It should be noted however, that it is speculation at this point.
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Deutsche Bank noted on Friday that "If EnerNOC is … Read the rest
Esco Technologies (ESE) Beats, Shares Breakout
Esco Technologies (ESE) posted strong results late last week and traders bid up the stock sending shares on a breakout ride above previous resistance. The company posted an EPS of .40/share vs the analyst estimate of .33/share on revenues of $160 million vs the analyst estimate of $154 million. It represents the 4th straight quarter of accelerating EPS and revenue growth.
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Esco isn’t quite a green … Read the rest
General Electric (GE) Continues Smart Grid Acquisition Spree With Lineage Power & Remote Energy Purchases
General Electric (GE) is continuing to emerge as a clean energy behemoth and has in particular made big strides in the smart grid space in just the past several months. In the last half of last year the company purchased two smart grid software companies – Energy Control Systems in August and Opal Software in October. A couple days ago they announced the acquisition of Remote Energy Monitoring which provides software and hardware solutions … Read the rest
EnerNOC (ENOC) To Acquire Global Energy Partners To Expand Demand Response Portfolio
EnerNOC (ENOC) announced it has entered into a definitive agreement to acquire Global Energy Partners, expanding its existing demand response portfolio. GEP is headquartered in California and employs 55 with customers that include PG&E, So Cal Edison, Bonneville Power and other utilities across the US. The acquisition is expected to close in early 2011 and be accretive to earnings the following year. Financials of the deal were not disclosed.
EnerNOC (ENOC) Spikes On Participation In London Smart City Project
Shares of Enernoc (ENOC) popped about 10% yesterday on news that it will participate in the UK Power Networks Low Carbon London project which is a three year “smart city” initiative. ENOC will be providing its DemandSMART systems to commercial and industrial users around the city of London. The project will also incorporate the use of electric cars, heat pumps and smart meters.
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“Demand response is … Read the rest
Telvent (TLVT) To Collaborate With Microsoft (MSFT) On Smart Grid Software
We’ve seen Cisco making a big push into the smart grid space with recent software purchases, Google wants a piece and you can expect Microsoft to say “me too” as well just as it does with every other product it launches. It was announced a couple days ago that Microsoft will team up with Telvent to create more efficient smart grid solutions for the utility industry.
==> Click Here For Your FREE Daily Telvent Technical … Read the rest
EnerNOC (ENOC) Beats, But Guidance Disappoints, Shares Down 10%
EnerNOC (ENOC) reported good earnings results that beat analyst estimates, but the stock is trading down more than 10% most likely due to weaker than expected guidance. The company reported a non GAAP EPS of $1.81/share vs the analyst estimate of $1.56 on revenues of $162.8 million vs the analyst estimate of $160.8 million. Those numbers represent quarter over quarter growth of 39% in EPS and 58% in revenues, so a nice quarter.
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American Superconductor (AMSC) Beats & Raises, Shares Up 6%
American Superconductor (AMSC) posted solid Q2 results this morning, beating analyst estimates and increasing their 2010 guidance. The company reported a non GAAP EPS of .32/share (vs the estimate for .28) on revenues of $101.5 million (vs the estimate for $101 million). That’s good for a 68% increase in EPS over the year ago quarter and a 35% increase in revenues. Sequentially, the numbers were a slight improvement.
Itron (ITRI) Signs Major Contracts With Indonesian Utility For Smart Payment Meters
Itron (ITRI) has not only announced positive earnings results after the bell today, but they announced some big contract wins with an Indonesian utility as well for 800K smart payment residential meters. Smart payment technology is becoming more popular in the region and allows utilities to protect revenue and allows users to better manage electricity consumption. Installation is already underway with more than half of the meters and the rest will be delivered and installed … Read the rest