By Sam Hopkins of GreenChipStocks.com
Get your Free Cleantech Report Today!
With 2010 just around the corner, evidence is steadily mounting that this will be the year of a Chinese clean energy boom like none we’ve ever seen.
This past Saturday — the day after Christmas — western investors as well as ones based in the Middle Kingdom all got a gift from the National People’s Congress in Beijing…
A Lump of Clean Energy … Read the rest
Echelon and Green Energy Options Ltd. (GEO) just announced that they will be collaborating to build new energy displays for Echelon’s Networked Energy Services system. GEO’s displays will communicate with Echelon’s NES smart meters via Zigbee wireless protocols, bringing back information about current and historical energy use as well as energy pricing and displaying it in a format that is easy for consumers to read and understand. This collaboration dovetails nicely with the UK’s new … Read the rest
By Jeff Siegel of GreenChipStocks.com
Get your Free Cleantech Report Today!
In the 1973 movie Papillon (adapted from the 1969 French novel by Henri Charriere), there’s a scene where Papillon is considering jumping off a cliff to escape the island on which he is being imprisoned. His friend Dega says, “It seems so desperate. You think it will work?”
And Papillon replies, “Does it matter?”
Papillon had two options: Stay on the island and … Read the rest
I meant to get this news out sooner.. you know how it goes. Lots of green stock news these days and at times I have to get what I feel is the most important news out first. EnerNOC announced yesterday that they purchased privately held Cogent Energy to bolster their monitoring based energy efficiency business. Essentially, the purchase allows them to expand the business of helping businesses get more energy efficient by monitoring their use. … Read the rest
A few days ago, the most important green energy ETF since the first solar ETF’s launched arrived. The First Trust/Clean Edge Smart Grid ETF (GRID) offer a great, diversified way to play an emerging sector with great profit potential. The ETF is comprised of 29 companies with varying degrees of exposure to the smart grid space and the fund weights companies that are pure plays more heavily than those that aren’t. The top 3 holdings … Read the rest
Yesterday, Echelon (ELON) and ELO Sistemas Electronicos of Brazil announced an alliance to bring smart grid solutions to Latin America. ELO Sistemas is Brazil’s largest supplier of electronic meters and is a reseller of Echelon’s NES smart grid system. The announcement was made at the Smart Grid Latin America Forum in Brazil and is Echelon’s first foray into the Latin American region.
Last month Brazil announced tentative plans for a nationwide rollout of smart … Read the rest
Comverge (COMV) has reported earnings results this morning and they’re so so in my opinion. The company did beat on both EPS and revenues by reporting a .44/share loss (est .43/loss) on revenues of $33.2 million (est $32.8 million). That’s another increase in revenues over the year ago quarter, but the company isn’t making much headway on EPS.
The CEO didn’t comment on the revenue growth not translating into better EPS numbers, but he did … Read the rest
Canaccord Adams reiterated its Buy rating on EnerNOC (ENOC) and raised the price target to $40 following its earnings report.
Hat tip to StreetInsider.com for the following analyst comment:
“EnerNOC’s management team delivered on its promise of significant leverage in the business model, driving Q3 revenues to $100M+, generating 50% GMs, 25% OMs (~$13M in cash from ops) and $1.12 in GAAP EPS. As expected, capacity contracts in PJM region carried the upside, … Read the rest
We’ve seen very good results from the smart grid players Echelon (ELON) and EnerNOC (ENOC) and Powersecure (POWR) posted a Wall St beating quarter as well. I won’t say it was a great quarter because revenues (down 17%) and earnings (down 47%) declined over the year ago quarter, but a beat is a beat and the company did acknowledge that in the year ago quarter they completed a large number of projects for Publix Supermarkets … Read the rest
EnerNOC has been saying for several quarters now that they are close to profitability and they sure entered the world of profitability with a bang after the bell today. The company absolutely smashed Wall St estimates of .73/share by posting $1.30/share on revenues of $103 million. Not only were they profitable but that revenue number is more than double the year ago quarter which was the previous best for the company. Very impressive.. now let’s … Read the rest