Comverge (COMV) reported a non GAAP EPS of -.02/share this morning which is slightly more than the analyst estimate of a .01/share loss. Revenues matched analyst estimates at $40.8 million which is a record for the company. While revenues increased 18% over the year ago quarter, the company did report a .28/share profit a year ago and the company said that historically, its 4th quarter is the best due to recognition of their Virtual Peaking … Read the rest
Category Archives: smart grid
Telvent (TLVT) Posts Surprisingly Weak Earnings, Stock Crushed
We’re almost exactly one month removed from Cramer’s bullish call on Telvent (TLVT) touting it as a great speculative play. In that post I mentioned the call was irresponsible after such a torrid run and a quick read of the technicals would have indicated that distribution was coming in, a topping signal. The stock was ripe for a correction, possibly a steep one. The stock is down 30% since that call was made. Granted, we … Read the rest
EnerNOC (ENOC) Boasts 2 Award-Winning Products
EnerNOC just announced that two of its products have won 2009 Smart Grid Product of the Year Awards from Technology Marketing Corporation and Intelligent Communications Partners.Both its PowerTrak(R) web-based energy management application and its Monitoring-Based Commissioning (MBCx) data-driven energy efficiency application eon awards this year.
In a press release, Gregg Dixon, Senior Vice President of Marketing, EnerNOC, commented on the news:
“Today, most of the discussion around the smart grid is focused on advanced meters … Read the rest
Tale Of Two On Itron (ITRI): Janco Downgrades, Needham Upgrades
Itron (ITRI) reported strong earnings results after the bell last night and two brokerages came out with notes on the quarter today. Needham upgraded Itron from Hold to Buy and raised the price target to $69 while Janco Partners downgraded it from Accumulate to Market Perform due to valuation and lack of international growth. Hat tip to Street Insider for the following analyst comments:
Janco: “Yesterday the Company reported fourth quarter results after the close … Read the rest
Itron (ITRI) Lands Big Water Meter Contract With Yorkshire Water Of UK
More good news out of Itron (ITRI) tonight. The company announced strong quarterly earnings results and also a big contract with Yorkshire Water of the UK. The five year contract calls for outfitting up to a million commercial and residential water meters with Itron’s next generation EverBlu AMR technology which will allow Yorkshire to collect meter reads remotely and provide customers and utilities with important usage data to increase efficiency.
Marcel Regnier, COO of Itron … Read the rest
Itron (ITRI) Turns The Corner, Smashes Estimates
After four straight quarters of sliding revenues and profits, it appears the smart grid sleeping giant Itron (ITRI) has been awakened and ready for years of extraordinary growth. Ok, maybe that’s a bit optimistic, but she has clearly turned the corner with a very impressive quarterly earnings report after the bell today. The company smashed conservative Wall St estimates of .60/share by posting a non GAAP EPS of .82 share on revenues of $477 million. … Read the rest
Enernoc (ENOC) Beats Estimates, But Swings Back To Loss
EnerNOC (ENOC) beat low expectations after the bell today, but the company swung back to a big quarterly loss by posting a .50/share loss (analysts expected a .65/share loss). Revenues were a bit better than expected and higher than the year ago quarter, but a fraction of last quarter’s huge revenue surge at just $26.7 million. Given the run this stock has had, an earnings beat just isn’t gonna cut it and the stock … Read the rest
Piper Jaffray Downgrades Echelon (ELON) As Profitability Now Uncertain
You knew the downgrades were coming on Echelon (ELON) after yesterday’s very weak guidance and Piper Jaffray is one. The firm is downgrading the stock to Neutral and lowering the price target to $8 from $11. Hat tip to Street Insider for the following analyst comment:
“We downgrade shares of ELON to Underweight following disappointing 2010 guidance, continued lack of revenue visibility, and pushout of profitability. ELON beat on the top and bottom line with … Read the rest
Echelon (ELON) Beats, But Slammed AH On Poor Guidance
Echelon (ELON) came close to posting its first profitable quarter in about five years and beat Wall St estimates by a good margin after the bell today, but the stock continues to get battered after hours after the company guided much lower for next quarter. The company reported a non GAAP EPS of zero while analysts expected a loss of .17/share. Revenues came in ahead of estimates as well at $38.8 million (vs estimates of … Read the rest
Power One (PWER) Smashes Estimates, Posts First Quarterly Profit In History, Up 23% AH
There’s reason to celebrate if you’re an employee of Power One (PWER) and certainly if you’ve been a shareholder since September. The company reported its first quarterly profit in company history after the bell today. The anticipation of this day has certainly been building in this stock as it vaulted from about 1.20 in September, hitting a peak at nearly 5 bucks just three months later. It’s since given some of that back and trades … Read the rest