Echelon (ELON), a significant, but unprofitable player in the smart metering industry, surged 13% today with decent volume following a BUY initiation and price target of $9.50 from Cantor Fitzgerald. According to the StreetInsider.com, Cantor had this to say:
“The shares are trading close to their 52-week low in a challenging equity market. We believe the company has strong growth prospects in 2010 and beyond as the world moves to upgrade its electric grids … Read the rest
PowerSecure Intl (POWR) is announcing $10 million in new orders from utilities and businesses for its smart grid and efficient LED lighting systems. Orders include:
– Interactive Distributed Generation (IDG) Systems: smart grid enabled distributed generation systems supported by PowerSecure’s monitoring team who forecast peak electricity demand and deliver more efficient power when needed and ensure customers are protected against power loss
– NexGear Systems: switchgear systems and electronic controls to connect the grid to … Read the rest
EnerNoc (ENOC), an emerging, yet still unprofitable demand response leader just picked up a 65MW deal with Idaho Power. ENOC will enable and manage a network of commercial and industrial facilities throughout Idaho Power’s service area to reduce electricity demand during system peaks. ENOC’s job is to bring supply and demand into greater balance, potentially reducing prices during peak demand times. They have a network of operations centers that automate the process, curtailing non … Read the rest
In Barrons magazine this weekend they highlighted some green energy stock plays across a variety of industries, focusing on those companies that are well established, diversified and financially healthy. They c all ABB, Waste Management (WMI), FPL Group (FPL), Jacobs Engineering (JEC) and Eaton (ETN) their green dream team.
ABB (ABB): large Switzerland company is one of world’s largest builders of electricity grids and was called the GE of Europe by Barrons several months ago. … Read the rest
Itron (ITRI), the “Microsoft of smart metering” is likely to be a big winner in the coming years as the Obama administration pushes for greater efficiencies but for now growth continues to deteriorate. After years of significant growth in ’05, ’06, ’07 and most of ’08, the company appears headed for a year of flat to negative growth here in 2009. I personally think that just creates an outstanding opportunity once the correction in the … Read the rest
Xcel Energy customers in Colorado will soon be able to check their household carbon emissions online via Xcel’s website. The company may also offer more in-depth carbon calculation tools to help customers determine the total size of their carbon footprint, including emissions produced by food, water and transportation, according to the DenverPost.com.
… Read the rest"What we’re trying to do is help customers understand first what a carbon footprint is and then to give them the information
IBM just announced the release of a new consulting service called Strategic Carbon Management to help businesses reduce their carbon footprints and save water and energy. IBM’s software can break down energy use and water use by department, so businesses can see how they are doing overall and how much each department contributes.
Here’s what Earth2Tech had to say about the new release:
… Read the restOne of few veterans in this fast-growing field, IBM said in today’s
Now that Congress has approved the economic stimulus package (aka the American Recovery & Reinvestment Act) with Obama expected to sign it into law on Tuesday I thought I’d give a run down of what’s in this bill related to green energy initiatives.
Overall, nearly 10% of the entire bill provides funding and tax credits for green energy related projects.
* $11 billion in spending and loan guarantees to build a “smart grid” to move … Read the rest
There’s a good piece over at Portfolio.com about Google’s green energy initiatives and collaboration with GE. Google’s goal is to make every home energy efficient so that appliances know when to power up and down while heating and cooling respond automatically to the prices in energy. Before that can happen big time upgrades must happen in the transmission lines which are horribly outdated and inefficient.
Google aims to do with energy what it’s done for … Read the rest
Echelon (ELON) may be a company to watch in the future with exposure in LED lighting, demand response and smart grid networking but for now the company remains unprofitable with no signs of a turn around yet. The company posted a non GAAP loss of .06/share which beat estimates of -.14/share but revenues shrunk by about 25% over the year ago quarter.
Said the CEO, “In the near-term, we expect the current economic slowdown to … Read the rest