PowerSecure (POWR) Lands $15 Million In LED Lighting Contracts

PowerSecure (POWR) has announced this morning $15 million in new LED lighting orders from three major retailers which include reach in case lights, walk in freezer/cooler lights as well as shelf and canopy led lighting.  The retailers expect to improve lighting quality while seeing a 70% reduction in energy usage.  The PowerSecure brand of LED lighting is specifically engineered with retailers in mind to improve the customer experience.

====> Click Here For Your FREE Daily PowerSecure Analysis

“We are excited to announce these new orders to serve three major retail chains with our LED lighting products. Our lighting technology is designed to deliver exactly what our customers want – lights that make their product displays “pop”

Shares of POWR aren’t moving on the news as the deal only represents about 15% of a quarter’s revenue, but this deal could lead to more orders from the retailers down the road so shouldn’t be overlooked.  Technically, the stock is much improved and has been trading above resistance of both the 50 and 200 day moving averages for several days.  It’s up over 20% since I called the shares “bullish in the short term” Jan 5th.

Leave a Reply

Your email address will not be published. Required fields are marked *