Argus-Spectrum, a leading Russian company specializing in fire and security systems, will use Echelon’s (ELON) LonWorks system for its line of monitoring services, enabling the company to use existing infrastructure while providing better reliability.
LonWorks is an underlying networking technology that communicates over existing power lines, connecting products such as air conditioning, smoke detectors and intrusion prevention.
Comverge (COMV) didn’t have as much success in securing future revenues in the PJM market as EnerNOC (ENOC) did, but they have announced that they secured more than $74 million in future contracted revenue as a result of the 2013/2014 Reliability Pricing Model Base Residual Auction.
EnerNOC (ENOC) has announced that based on the 2013/2014 Reliability Pricing Model Base Residual Auction results, it now expects to recognize over $200 million in DemandSMART revenue from the PJM market in 2013. They have also increased their base residual market share from 35% in 2012/2013 to 40% in 2013/2014.
EnerDel is working with ITOCHU and other companies on an automotive-to-smart-grid integration project, components of which were demonstrated for the public at a ceremony yesterday. The project combines electric vehicles (in this case, a Mazda2 modified to use EnerDel batteries and drivetrain components from the Think electric car), stationary grid storage, solar power and rapid re-charging infrastructure in a real-world environment. For example, the charging station, located at a Family Mart convenience store Japan , … Read the rest
I missed the news last Friday that the CFO of Digi International (DGII) had resigned amid a corporate investigation. More details are emerging. The investigation centers around a possible violation of its entertainment and travel policies overseas with a few employees. Jet setting and strip clubs?
Seems more serious. The company has notified the US Dept of Justice and the SEC about the probe which may include a violation of the Foreign Corrupt Practices Act … Read the rest
Wedbush Morgan initiated coverage on EnerNOC (ENOC) this morning with a Neutral rating and price target of $25. Hat tip to Street Insider for the analyst comment.
“Demand response is undergoing rapid market evolution, with significant changes to contract and auction procedures, which could both positively and negatively impact the outlook. Slow traction in EnerNOC’s energy management business after allocation of significant resources raises valid questions about the company’s ability to serve this market, or … Read the rest
Comverge (COMV) reported a wider loss of .41/share this morning, 5 cents worse than Wall St estimates. Revenues were also lighter than what Wall St anticipated at $13.4 million (estimates called for $16 million). With revenues increasing 16% over the year ago quarter and MW under contract increasing 15% I would have liked to have seen a much better EPS number, so all in all, a disappointing quarter out of COMV which is expecting in … Read the rest
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
Today reminds me why I don’t particularly enjoy earnings season.. it’s a heckuvva lotta work keeping up! Echelon (ELON) reported today too and beat Wall St estimates by a decent margin. They reported a non GAAP loss of .18/share on revenues of $18.1 million. While that beat estimates of -.33/share on revenues of $16.37 million, it’s basically a flat quarter over the year ago quarter.
The company is issuing guidance. They see revs at $24 … Read the rest
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
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal