Itron (ITRI), smart meter extraordinaire, posted earnings results after the bell that were mighty impressive. The company beat analyst estimates by a wide margin on both EPS and revenues posting an EPS of $1.06 on revenues of $576 million. That compares with analyst estimates of .86/share on revenues of $530 million, so a significant beat for ITRI tonight and shares are rising 8% in after hours trading. Quarter over quarter growth was big indicating the … Read the rest
Category Archives: smart grid
Sierra Wireless (SWIR) & Itron (ITRI) Partner On Real Time Wireless Smart Grid
Itron (ITRI) is announcing this morning that it has partnered with Sierra Wireless (SWIR) to provide real time, wireless communication to facilitate the collection of electric, gas and water meter data collection .. an important component of any smart grid. Integrating Sierra’s Wireless Airlink Intelligent M2M gateways allows communication to take place over existing cellular networks eliminating the need for costly land line solutions. The two companies will co-market the solution.
====> Click Here For … Read the rest
General Electric (GE) Continues Smart Grid Software Push With Opal Purchase
General Electric (GE) is continuing to reinvent itself, putting the pieces in place to become an alternative energy behemoth. They are best known for their wind turbine business and sell their turbines all over the world, but the company aims to be a big player in solar and smart grids as well. They announced their thin film solar product will be available next year and this morning they have announced another purchase of another smart … Read the rest
American Superconductor (AMSC) Rallying On Big Wire Order From Korea’s LS Cable
Yesterday American Superconductor (AMSC) announced the rebranding of its 2nd generation HTS wire to Amperium and it appears the marketing strategy is paying off! This morning they announced a large order from Korea’s LS Cable for a million feet which AMSC will begin shipping in 2012.
==> Get A Free Daily Technical Analysis Report For AMSC Here
The two companies are no strangers. In March, they announced a partnership to deploy more than 31 miles … Read the rest
Green Stocks Ratings Roundup (ITRI, AMSC, SPWRA)
Barclays came out with a few calls yesterday, maintaining its Equalweight rating on both Itron (ITRI) and American Superconductor (AMSC).
The firm has a $70 price target on ITRI which is about 15% higher than the current price. They are raising 2010 estimates from $3.35 to $3.65 and 2011 estimates from $3.67 to $4.06. Shares of ITRI are increasingly bullish in recent weeks, getting back above resistance of the 50 day moving average. In my … Read the rest
Cisco (CSCO) Continues Its Smart Grid Push With Arch Rock Purchase
Cisco (CSCO) clearly believes that the evolution to a smarter grid will provide big opportunities to those companies positioned well. A few weeks ago they announced a partnership with Itron to help develop an open source IP based smart grid. A few days ago they also announced the purchase of privately held Arch Rock, an expert in wireless smart grid networking technology which allows utilities to connect smart meters and other intelligent devices … Read the rest
Echelon (ELON) Announces New Open Software Platform, Duke Energy (DUK) First Customer
Echelon (ELON) has released a new open software platform for intelligent distributed control and a series of new products for the smart grid and Duke Energy (DUK) is first in line to purchase the Edge Control Node 7000 Series running the Echelon Control System software. Field trial deployments are expected to begin by the end of the year with production units expected to ship in about a year. The initial order is valued at around … Read the rest
Today’s Green Stocks Rating Roundup – SPWRA, ITRI, ENOC, COMV
JMP Securities is bullish on a few green stocks due to an expected increase in electricity demand which the firm sees sparking increased efforts to develop alternative energy solutions. They see good value in demand response players EnerNOC (ENOC) and Comverge (COMV) as well as US solar company Sunpower (SPWRA) and have an Outperform rating on all three.
===> Click Here For Your FREE Daily Sunpower (SPWRA) Technical Analysis
Analysts have weighed in on Itron … Read the rest
Itron (ITRI) & Cisco (CSCO) To Collaborate On Smart Grid Network Technology
Itron (ITRI) and Cisco (CSCO) have announced an alliance this morning to help advance the smart grid. The two will work on developing a next generation, open and interoperable, highly secure, enterprise class IPv6 based smart grid network for utilities. Itron will end up licensing and embed Cisco IP technology within its OpenWay smart grid meters as well as distribute Cisco networking equipment and software needed for full deployment of the smart grid. Truly a … Read the rest
EnerNOC (ENOC) Looking For Acquisitions
According to the Boston Business Journal, EnerNOC (ENOC) is on the acquisition trail, looking to accelerate growth by buying small companies in the emerging clean energy space. CEO Tim Healy acknowledged the industry is ripe for consolidation and that larger companies are looking to add to their alternative energy portfolios as well through acquisition.
===> Click Here For A Free EnerNOC Technical Analysis
“We’ve been acquisitive in the past, but modestly acquisitive,” said Healy, … Read the rest